Southern Energy Corp., a natural gas exploration and production company, has recently made significant moves in executive compensation and shareholder engagement. The company has granted a substantial number of restricted share awards (RSAs) to its key personnel and is preparing for its annual meeting of shareholders.
These developments highlight Southern Energy Corp.’s commitment to aligning the interests of its executives with those of its shareholders, while also providing a platform for shareholder participation and decision-making.
Executive compensation through restricted share awards
On September 3, 2026, Southern Energy Corp. granted an aggregate of 6,900,000 RSAs to its directors and persons discharging managerial responsibilities (PDMR) as part of the company’s share award incentive plan. These awards are designed to serve as both compensation and a tool for employee retention.
The RSAs have a vesting schedule that sees one third of the awards vesting on each of the first, second, and third anniversaries of the grant date. Upon vesting, the holders of these awards are entitled to receive a cash payment or its equivalent in fully paid common shares of the company, at the discretion of Southern Energy Corp. The value of these payments will be based on the closing market value per common share on the TSX Venture Exchange on the business day prior to the payment date.
Distribution of RSAs among key personnel
The RSAs were distributed among the company’s key personnel as follows:
- Ian Atkinson President and CEO (Director): 800,000 RSAs
- Calvin Yau CFO: 700,000 RSAs
- Gary McMurren COO: 700,000 RSAs
- Bruce Beynon Non-Executive Director: 100,000 RSAs
- Joseph Nally Non-Executive Director: 100,000 RSAs
- Steven Smith Non-Executive Director: 100,000 RSAs
Annual meeting of shareholders: date, location, and key resolutions
Southern Energy Corp.’s annual meeting of shareholders is scheduled for Wednesday, September 30, 2026, at 10:00 a.m. (Calgary time). The meeting will be held at the company’s offices located at Suite 2400, 333 – 7th Avenue S.W., Calgary, Alberta, T2P 2Z1, and will also be accessible via webcast through Zoom.
In accordance with the AIM Rules, the formal notice of the meeting and the associated information circular are now available on the company’s website and on SEDAR+. These documents include resolutions related to prospective ‘control person’ approval and proposed board changes, among other matters.
Contact information and additional resources
For further information about Southern Energy Corp., interested parties are encouraged to visit the company’s website or contact the following individuals:
- 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 with a stable, low-decline production base and a significant low-risk drilling inventory. The company has strategic access to premium commodity pricing in North America and focuses on acquiring and developing conventional natural gas and light oil resources in the southeast Gulf States of Mississippi, Louisiana, and East Texas.
The management team at Southern Energy Corp. has a long and successful history of working together, having created significant shareholder value through accretive acquisitions, optimization of existing oil and natural gas fields, and the utilization of re-development strategies. These strategies include horizontal drilling and multi-staged fracture completion techniques.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
