Southern Energy Corp. Issues Restricted Share Awards

Southern Energy Corp. announced the issuance of 19,800,000 restricted share awards (RSAs) under its Share Award Incentive Plan. This initiative is part of the company's effort to enhance compensation and retain employees. The RSAs will vest in equal parts over three years starting from the grant date. Holders can receive either cash or fully paid common shares, based on the market value at the time of vesting.

Of the total awarded RSAs, 8,100,000 were allocated to key company leaders. President and CEO Ian Atkinson received 2,400,000 RSAs, while CFO Calvin Yau and COO Gary McMurren each received 2,100,000. Several non-executive directors were also granted 300,000 RSAs each.