on Southern Energy Corp. (CVE:SOU)
Southern Energy Corp. Grants 6.9 Million Restricted Shares
Southern Energy Corp., listed on TSXV as SOU and AIM as SOUC, announced the granting of 6.9 million restricted share awards (RSAs) as part of its compensation and employee retention strategy. The RSAs will vest in three equal parts over three years from the grant date, with holders receiving either cash payments or equivalent common shares based on market value prior to payment.
A total of 2.5 million RSAs were allocated to directors and managerial personnel, including President and CEO Ian Atkinson with 800,000 shares, CFO Calvin Yau and COO Gary McMurren with 700,000 shares each. Non-executive Directors Bruce Beynon, Joseph Nally, and Steven Smith received 100,000 shares each.
The company’s annual shareholder meeting is scheduled for September 30, 2026, in Calgary and online. Details including proposed board changes are available on Southern Energy's website and SEDAR+.
R. H.
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