REG - Southern Energy Corp - BLOCK ADMISSION SIX MONTHLY RETURN

Southern EnergyAnnouncement

07/05/2024 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240507:nRSG2723Na&default-theme=true

RNS Number : 2723N  Southern Energy Corp.  07 May 2024

 

SOUTHERN ENERGY CORP.

BLOCK ADMISSION SIX MONTHLY RETURN

Calgary, Alberta - May 7, 2024 - Southern Energy Corp. ("Southern" or the
"Company") (TSXV:SOU) (AIM:SOUC) (OTCQX:SOUTF) announces the following update
on its block admission of shares to be issued to holders of the outstanding
warrants issued in 2021 (the "2021 Warrants") and the outstanding 8%
convertible unsecured subordinated debentures issued on June 14, 2019 and
January 15, 2021 (the "Convertible Debentures").

 Name of company:                                                              Southern Energy Corp.
 Name of schemes:                                                              The Southern Energy Corp - warrants issued in 2021 and the 8% convertible
                                                                               unsecured subordinated debentures issued on 14 June 2019 and 15 January 2021
 Period of return:                                                             From: 6 November 2023

                                                                               To:     5 May 2024

 Balance of unallotted securities under scheme(s) from previous return:        15,809,375 Common Shares
 The amount by which the block scheme(s) has been increased since the date of  Nil Common Shares
 the last return (if any increase has been applied for):
 Number of securities issued/allotted under the scheme during the period:      Nil Common Shares
 Number of securities lapsed under the schemes during the period:              6,610,625 Common Shares
 Balance under the schemes of securities not yet issued at the end of the      9,198,750 Common Shares
 period subject to the block admission:

 Name of contact:                                                              Calvin Yau, CFO
 Telephone number of contact:                                                  +1 587 287 5402

 

Total Voting Rights

At May 5, 2024, the total number of voting rights in the Company was
166,497,433 which may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in the Company under the FCA's
Disclosure Guidance and Transparency Rules. There are no Common Shares held in
treasury and each Common Share entitles the holder to a single vote at general
meetings of the Company.

 

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 / Rob Patrick

 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.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BLRDELBBZELEBBL