REG - Southern Energy Corp - RESTRICTED SHARE AWARD GRANT

Southern EnergyAnnouncement

20/08/2025 07:00

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RNS Number : 9859V  Southern Energy Corp.  20 August 2025

SOUTHERN ENERGY CORP. ANNOUNCES RESTRICTED SHARE AWARD GRANT

 

Calgary, Alberta - August 20, 2025 - Southern Energy Corp. ("Southern" or the
"Company") (TSXV:SOU) (AIM:SOUC) announces that pursuant to the Company's
Share Award Incentive Plan, an aggregate of 19,800,000 restricted share awards
("RSAs") were granted as part of Southern's overall compensation and employee
retention program.

The RSAs vest as to one third on each of the first, second and third
anniversaries of the grant date. On the vesting dates of such RSAs, the holder
is entitled to receive a cash payment or its equivalent in fully paid common
shares of the Company ("Common Shares"), at the Company's discretion, equal to
the closing market value per Common Share on the TSXV on the business day
prior to such payment.

In aggregate, 8,100,000 of the RSAs were issued to directors and persons
discharging managerial responsibilities ("PDMR") of the Company, as set out
below:

 

 PDMR              Position                      RSAs Awarded
 Ian Atkinson      President and CEO (Director)  2,400,000
 Calvin Yau        CFO                           2,100,000
 Gary McMurren     COO                           2,100,000
 Bruce Beynon      Non-Executive Director        300,000
 Tamara MacDonald  Non-Executive Director        300,000
 Joseph Nally      Non-Executive Director        300,000
 Neil Smith        Non-Executive Director        300,000
 Steven Smith      Non-Executive Director        300,000

 

 For further information about Southern, please visit our website at
www.southernenergycorp.com
(https://url.avanan.click/v2/___http:/www.southernenergycorp.com___.YXAzOnNvdXRoZXJuZW5lcmd5Y29ycDphOm86MzA2NjE2OWIxMDBjM2FjM2I3ZjZhZDA1OGM0NTUwODU6NjpkYzc5OmExY2U1YzQxYTI4YWQ0NjQ0MWZhZThlYTdkZDdlNzlkNDI1NDQ5MjllNjk0M2QyOGFmNWQzZWIxZTRkMTJkNTQ6cDpU)
or 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 Bellman / Rob Patrick / Edward Foulkes

  Tennyson Securities - Broker                                +44 (0) 20 7186 9033
  Peter Krens / Jason Woollard

 

About Southern Energy Corp.

Southern Energy Corp. is a natural gas exploration and production company
characterized by a stable, low-decline production base, a significant low-risk
drilling inventory and strategic access to premium commodity pricing in North
America. 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

PDMR NOTIFICATION FORMS

 

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

                                                                  2.    Calvin Yau

                                                                  3.    Gary McMurren

                                                                  4.    Bruce Beynon

                                                                  5.    Tamara MacDonald

                                                                  6.    Joseph Nally

                                                                  7.    Neil Smith

                                                                  8.    Steven Smith
 2   Reason for the notification
 a)  Position/status                                              1.    President and CEO (Director)

                                                                  2.    CFO

                                                                  3.    COO

                                                                  4.    Non-Executive Director

                                                                  5.    Non-Executive Director

                                                                  6.    Non-Executive Director

                                                                  7.    Non-Executive Director

                                                                  8.    Non-Executive Director
 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  Restricted Share Awards to receive common shares in Southern Energy Corp. or
                                                                  equivalent cash payment, at Company's sole discretion on vesting dates

     Identification code                                          CA8428133059
 b)  Nature of the transaction                                    Grant of restricted share awards
 c)  Price(s) and volume(s)

  Effective price  Volumes
                                                                  1.  CAD$0.05         2,400,000
                                                                  2.  CAD$0.05         2,100,000
                                                                  3.  CAD$0.05         2,100,000
                                                                  4.  CAD$0.05         300,000
                                                                  5.  CAD$0.05         300,000
                                                                  6.  CAD$0.05         300,000
                                                                  7.  CAD$0.05         300,000
                                                                  8.  CAD$0.05         300,000

 
 d)  Aggregated information                                       N/A (single transaction for each individual)
 e)  Date of the transaction                                      20 August 2025
 f)  Place of the transaction                                     Outside of a trading venue

 

d)

Aggregated information

N/A (single transaction for each individual)

e)

Date of the transaction

20 August 2025

f)

Place of the transaction

Outside of a trading venue

 

 

 

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