RNS Number : 3580X
Southern Energy Corp.
25 April 2023
 

 

DIRECTOR/PDMR DEALING

 

Calgary, Alberta - April 25, 2023 - Southern Energy Corp. ("Southern" or the "Company") (SOU: TSXV) (AIM:SOUC) (OTCQX:SOUTF) announces the following purchase of common shares of no par value in the capital of the Company ("Common Shares").

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation (as applied to UK law), provides 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

c)

Price(s) and volume(s)

 

Volumes

Prices

1.   60,000

1.   10,000

CAD0.30

CAD0.305

2.   100,000

CAD0.30

3.   27,000

3.   15,000

3.   8,000

3.   10,000

CAD0.30

CAD0.305

CAD0.31

CAD0.315

d)

Aggregated information

1.   70,000 at an average price of CAD0.301


2.   N/A, single transaction

3.   60,000 at an average price of CAD0.305



e)

Date of the transaction

20 April 2023, 21 April 2023 & 24 April 2023

f)

Place of the transaction

Outside of a trading venue

 

 

 

 

For further information, please contact:

Southern Energy Corp.

Ian Atkinson (President and CEO)

Calvin Yau (CFO)

 

+1 587 287 5401

+1 587 287 5402

 

Strand Hanson Limited - Nominated & Financial Adviser

James Spinney / James Bellman 

 

Canaccord Genuity - Joint Broker

Henry Fitzgerald-O'Connor / James Asensio

+44 (0) 20 7409 3494

 

 

+44 (0) 20 7523 8000

 

Stifel Nicolaus Europe Limited - Joint Broker

Callum Stewart / Ashton Clanfield

 

Tennyson Securities - Joint Broker

Peter Krens / Pav Sanghera

 

Camarco

Owen Roberts / Billy Clegg / Hugo Liddy

+44 (0) 20 7710 7600

 

 

+44 (0) 20 7186 9033

 

 

+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).

 

 

 

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