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Southern Energy Corp. Announces Restricted Share Award Grant
CALGARY, AB / ACCESS Newswire / August 20, 2025 / Southern Energy Corp. (" Southern " or the...
About this update from Southern Energy Corp.
[{"type":"text","content":"Southern Energy Corp. Announces Restricted Share Award GrantCALGARY, AB / ACCESS Newswire / 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:PDMRPositionRSAs AwardedIan AtkinsonPresident and CEO (Director)2,400,000Calvin YauCFO2,100,000Gary McMurrenCOO2,100,000Bruce BeynonNon-Executive Director300,000Tamara MacDonaldNon-Executive Director300,000Joseph NallyNon-Executive Director300,000Neil SmithNon-Executive Director300,000Steven SmithNon-Executive Director300,000For further information about Southern, please visit our website at www.southernenergycorp.com or contact:Southern Energy Corp. Ian Atkinson (President and CEO)+1 587 287 5401Calvin Yau (CFO)+1 587 287 5402 Strand Hanson Limited - Nominated & Financial Adviser+44 (0) 20 7409 3494James Bellman / Rob Patrick / Edward Foulkes Tennyson Securities - Broker+44 (0) 20 7186 9033Peter 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...