TIDMSOUC
RNS Number : 0793I
Southern Energy Corporation
10 August 2021
THIS ANNOUNCEMENT, INCLUDING THE INFORMATION CONTAINED IN IT IS
RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE
UNITED STATES, AUSTRALIA, JAPAN, OR THE REPUBLIC OF SOUTH AFRICA OR
ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR
DISTRIBUTION WOULD BE UNLAWFUL.
SOUTHERN ENERGY CORP. ANNOUNCES FIRST DAY OF DEALINGS ON AIM
Calgary, Alberta - 10 August 2021 - Southern Energy Corp.
("Southern Energy", the "Company" or, together with its
subsidiaries, the "Group"), a North American gas-weighted producer
focused on growth, is pleased to announce the admission of its
entire issued and to be issued share capital to trading on the AIM
market of the London Stock Exchange plc ("Admission"). Admission
will take place, and dealings in its Common Shares on AIM will
commence, at 08:00 a.m. today under the TIDM "SOUC" and ISIN code
CA8428131079.
The Company's Common Shares will continue to trade on the TSX
Venture Exchange (TSXV). For the purposes of the Disclosure
Guidance and Transparency Rules, the total number of voting rights
in the Company will be 361,297,054. This figure may be used by
shareholders as the denominator for the calculations by which they
determine if they are required to notify their interest in, or a
change of their interest in, the Company under the FCA's Disclosure
Guidance and Transparency Rules.
Please refer to the Company's Admission Document dated 10 August
2021, which is available on the Company's
website: www.southernenergycorp.com for further information on the Company.
With this dual-listing, Southern Energy intends to broaden its
shareholder base and public profile as well as provide the Company
with an additional platform from which it can advance its strategy
of building value though the consolidation and development of gas
and oil assets in south-eastern United States.
Strand Hanson Limited is acting as Nominated & Financial
Adviser in relation to the Admission, and H&P Advisory Limited
and Canaccord Genuity Limited have been appointed to act as Joint
Brokers to the Company going forward.
Ian Atkinson, CEO and President of Southern Energy, commented
:
"We are delighted to announce the successful completion of our
admission to the AIM Market of the London Stock Exchange and by the
support we have received as part of this process.
With this admission, our intention is clear: facilitate further
growth. Aligned to our shareholders, our management team are clear
on how to achieve this and we look forward to deploying a strategy
of using significant organic and inorganic growth opportunities, in
our core area of expertise, from which we can build upon our
existing production portfolio.
This is a key moment for the Company, and we look forward to
engaging with new and existing shareholders further in due course
."
For further information, please contact :
Southern Energy Corp.
Ian Atkinson (President and CEO) +1 (0) 587 287 5401
Calvin Yau (VP Finance and CFO) +1 (0) 587 287 5402
+44 (0) 20 7409
Strand Hanson Limited - Nominated & Financial 3494
Adviser
James Spinney / James Bellman
+44 (0) 20 7907
Hannam & Partners - Joint Broker 8500
Sam Merlin / Ernest Bell
Canaccord Genuity - Joint Broker +44 (0) 20 7523
Henry Fitzgerald-O'Connor / James Asensio 8000
Camarco +44 (0) 20 3757
James Crothers, Billy Clegg, Daniel Sherwen 4980
About Southern Energy Corp :
Southern Energy Corp. is an oil and natural gas exploration and
production company. Southern has a primary focus on acquiring and
developing conventional light oil and natural gas resources in the
southeast Gulf States area of the United States. 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 horizontal drilling and multi-staged
fracture completion techniques.
Important Information
Capitalised terms used in the Company's Admission Document have
the same meanings in this announcement unless the context provides
otherwise.
This announcement does not constitute, or form part of, any
offer or invitation to sell or issue, or any solicitation of any
offer to purchase or subscribe for any shares or other securities
in any restricted jurisdiction. The distribution of this
announcement and other information in connection with the Admission
in certain jurisdictions may be restricted by law and persons into
whose possession this announcement, any document or other
information referred to herein comes should inform themselves about
and observe any such restrictions. Any failure to comply with these
restrictions may constitute a violation of the securities laws of
any such jurisdiction. Neither this announcement nor any part of it
nor the fact of its distribution shall form the basis of or be
relied on in connection with or act as an inducement to enter into
any contract or commitment whatsoever.
Strand Hanson Limited ("Strand Hanson"), which is authorised and
regulated by the Financial Conduct Authority in the United Kingdom
is acting exclusively for the Company and no one else in connection
with the Admission, and Strand Hanson will not be responsible to
anyone other than the Company for providing the protections
afforded to its clients or for providing advice in relation to the
Admission or any other matters referred to in this
announcement.
Canaccord Genuity Limited ("Canaccord"), which is authorised and
regulated by the Financial Conduct Authority in the United Kingdom
is acting exclusively for the Company and no one else in connection
with the Admission, and Canaccord will not be responsible to anyone
other than the Company for providing the protections afforded to
its clients or for providing advice in relation to the Admission or
any other matters referred to in this announcement.
H&P Advisory Limited ("Hannam & Partners" or "H&P"),
which is authorised and regulated by the Financial Conduct
Authority in the United Kingdom is acting exclusively for the
Company and no one else in connection with the Admission, and
H&P will not be responsible to anyone other than the Company
for providing the protections afforded to its clients or for
providing advice in relation to the Admission or any other matters
referred to in this announcement.
None of Strand Hanson, Canaccord, nor H&P nor any of their
respective subsidiary undertakings, affiliates or any of their
respective directors, officers, employees, advisers, agents or any
other person accepts any responsibility or liability whatsoever
for, or makes any representation or warranty, express or implied,
as to the truth, accuracy, completeness or fairness of the
information or opinions contained in this announcement (or whether
any information has been omitted from the announcement) or any
other information relating to the Company, its subsidiaries or
associated companies, whether written, oral or in a visual or
electronic form, and howsoever transmitted or made available or for
any loss howsoever arising from any use of this announcement or its
contents or otherwise arising in connection therewith and any
liability therefore is expressly disclaimed.
Certain information included in this announcement constitutes
forward-looking information under applicable securities
legislation. Forward-looking information typically contains
statements with words such as "anticipate", "believe", "expect",
"plan", "intend", "estimate", "propose", "project" or similar words
suggesting future outcomes or statements regarding an outlook.
Forward-looking information in this press release includes, but is
not limited to, the potential benefits of the Admission and the
business of the Company, generally. The forward-looking statements
contained in this press release are based on certain key
expectations and assumptions made by Southern Energy, including the
timely receipt of all required regulatory and third-party
approvals. Although Southern Energy believes that the expectations
and assumptions on which the forward-looking statements are based
are reasonable, undue reliance should not be placed on the
forward-looking statements because Southern Energy can give no
assurance that they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Actual
results could differ materially from those currently anticipated
due to a number of factors and risks. Risks faced by the Company
are set out in more detail in Southern Energy's Annual Information
Form for the year ended December 31, 2020, which is available under
the Company's SEDAR profile at www.sedar.com. The forward-looking
information contained in this press release is made as of the date
hereof and Southern Energy undertakes no obligation to update
publicly or revise any forward-looking information, whether as a
result of new information, future events or otherwise, unless
required by applicable securities laws. The forward-looking
information contained in this press release is expressly qualified
by this cautionary statement.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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END
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August 10, 2021 02:00 ET (06:00 GMT)
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