REG - Southern Energy Corp - EMPLOYEE SHARE PURCHASE PLAN AND DIRECTOR DEALINGS

Southern EnergyAnnouncement

04/04/2024 08:00

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RNS Number : 3013J  Southern Energy Corp.  04 April 2024

 

EMPLOYEE SHARE PURCHASE PLAN AND DIRECTOR/PDMR DEALINGS

 

Calgary, Alberta - April 4, 2024 - Southern Energy Corp. ("Southern" or the
"Company") (SOU: TSXV) (AIM:SOUC) (OTCQX:SOUTF) announces the following
purchases of common shares ("Common Shares") under its Employee Share Purchase
Plan, which was adopted by the Company on April 1, 2023 and is described in
more detail in the Management Information Circular accompanying the 2023
Notice of Annual General Meeting. It is noted that such Common Shares
purchased pursuant to the Employee Share Purchase Plan are subject to a six
calendar month restriction on their sale.

 

The notifications below, made in accordance with the requirements of the EU
Market Abuse Regulation (as applied in UK law), provide further detail on the
applicable transactions.

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         1.   Ian Atkinson

                                                                  2.   Calvin Yau

                                                                  3.   Gary McMurren
 2.  Reason for the notification
 a)  Position/status                                              1.   Director, President and Chief Executive Officer

                                                                  2.   Chief Financial Officer

                                                                  3.   Chief Operating Officer
 b)  Initial notification /Amendment                              Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Southern Energy Corp.
 b)  LEI                                                          213800R25GL7J3EBJ698
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Common Shares in Southern Energy Corp.

     Identification code                                          CA8428131059

 b)  Nature of the transaction                                    Purchase of Common Shares under the Company's Employee Share Purchase Plan
 c)  Price(s) and volume(s)

  Price     Volume
                                                                  1.  CAD$0.16  20,475

                                                            2.  CAD$0.16  19,247
                                                                  3.  CAD$0.16  19,247

 d)  Aggregated information
                                                                  N/A, single transaction for each PDMR

 e)  Date of the transaction                                      3 April 2024
 f)  Place of the transaction                                     TSX Venture Exchange

d)

Aggregated information

N/A, single transaction for each PDMR

 

e)

Date of the transaction

3 April 2024

f)

Place of the transaction

TSX Venture Exchange

 

 

For further information, please contact:

 Southern Energy Corp.

 Ian Atkinson (President and CEO)                           +1 587 287 5401

 Calvin Yau (CFO)                                           +1 587 287 5402

 Strand Hanson Limited - Nominated & Financial Adviser      +44 (0) 20 7409 3494

 James Spinney / James Bellman

 Stifel Nicolaus Europe Limited - Joint Broker               +44 (0) 20 7710 7600

 Callum Stewart / Ashton Clanfield

 Tennyson Securities - Joint Broker                         +44 (0) 20 7186 9033

 Peter Krens / Pav Sanghera

 Camarco                                                    +44 (0) 20 3757 4980

 Owen Roberts / Billy Clegg / Hugo Liddy

About Southern Energy Corp.

 

Southern Energy Corp. is a natural gas exploration and production company.
Southern has a primary focus on acquiring and developing conventional natural
gas and light oil resources in the southeast Gulf States of Mississippi,
Louisiana, and East Texas. Our management team has a long and successful
history working together and have created significant shareholder value
through accretive acquisitions, optimization of existing oil and natural gas
fields and the utilization of re-development strategies utilizing horizontal
drilling and multi-staged fracture completion techniques.

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

 

 

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