Block Admission Six Monthly Return & Cancellation
Southern Energy Corp. has announced the cancellation of its block admission for shares related to expired 2021 warrants and convertible debentures issued in 2019 and 2021, as no further shares can be issued under these schemes. During the period from May 6, 2025, to February 2, 2026, the company reported nil common shares issued or allotted, and 3,906,250 common shares lapsed, resulting in a balance of nil common shares not yet issued under the block admission. As of February 2, 2026, the total number of voting rights in the company stood at 336,254,953.
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BLOCK ADMISSION SIX MONTHLY RETURN
CANCELLATION OF BLOCK ADMISSION
Calgary, Alberta - February 2, 2026 - Southern Energy Corp. ("Southern" or the "Company") (TSXV:SOU) (AIM:SOUC) announces the following update on its block admission of shares to be issued to holders of the outstanding warrants issued in 2021 (the "2021 Warrants") and the outstanding 10% convertible unsecured subordinated debentures issued on June 14, 2019 and January 15, 2021 (the "Convertible Debentures").
| Name of company: | Southern Energy Corp. |
| Name of schemes: | The Southern Energy Corp - warrants issued in 2021 and the 10% convertible unsecured subordinated debentures issued on 1 4 June 2019 and 1 5 January 2021 |
| Period of return: | From: 6 May 2025 To: 2 February 2026 |
| Balance of unallotted securities under scheme(s) from previous return: | 3,906,250 Common Shares |
| The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for): | Nil Common Shares |
| Number of securities issued/allotted under the scheme during the period: | Nil Common Shares |
| Number of securities lapsed under the schemes during the period: | 3,906,250 Common Shares |
| Balance under the schemes of securities not yet issued at the end of the period subject to the block admission: | Nil Common Shares |
| Name of contact: | Calvin Yau, CFO |
| Telephone number of contact: | +1 587 287 5402 |
Cancellation of Block Admission
The 2021 Warrants and the Convertible Debentures have now expired and convertible debentures or warrants remain outstanding. No further shares may be issued under the block listing and no further block listing returns will be made in respect of this expired Plan; therefore, the block listing is hereby cancelled.
Total Voting Rights
As at February 2, 2026, the total number of voting rights in the Company was 336,254,953 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules. There are no Common Shares held in treasury and each Common Share entitles the holder to a single vote at general meetings of the Company.
About Southern Energy Corp.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.