Southern Energy Corp. ESPP AND DIRECTOR/PDMR DEALINGS (4464O)
03 Octobre 2023 - 8:00AM
UK Regulatory
TIDMSOUC
RNS Number : 4464O
Southern Energy Corp.
03 October 2023
EMPLOYEE SHARE PURCHASE PLAN AND DIRECTOR/PDMR DEALINGS
Calgary, Alberta - October 3, 2023 - 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.
Details of the person discharging managerial responsibilities
1. / person closely associated
a) Name 1. Ian Atkinson
2. Calvin Yau
3. Gary McMurren
-------------------------- ------------------------------------------------
Reason for the notification
2.
----------------------------------------------------------------------------
a) Position/status 1. Director, President and Chief Executive
Officer
2. Chief Financial Officer
3. Chief Operating Officer
-------------------------- ------------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ------------------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Southern Energy Corp.
-------------------------- ------------------------------------------------
b) LEI 213800R25GL7J3EBJ698
-------------------------- ------------------------------------------------
Details of the transaction(s): section to be repeated for (i)
4. 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 Common Shares in Southern Energy Corp.
financial instrument,
type of instrument
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$0.335 9,942
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2. CAD$0.335 9,345
---------- -------
3. CAD$0.335 9,345
---------- -------
d) Aggregated information
N/A, single transaction for each PDMR
e) Date of the transaction 2 October 2023
-------------------------- ------------------------------------------------
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
James Spinney / James Bellman +44 (0) 20 7409 3494
Canaccord Genuity - Joint Broker
Henry Fitzgerald-O'Connor / James Asensio +44 (0) 20 7523 8000
Stifel Nicolaus Europe Limited - Joint Broker
Callum Stewart / Ashton Clanfield +44 (0) 20 7710 7600
Tennyson Securities - Joint Broker
Peter Krens / Pav Sanghera +44 (0) 20 7186 9033
Camarco
Owen Roberts / Billy Clegg / Hugo Liddy +44 (0) 20 3757 4980
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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END
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