REG - Diversified Energy - Director/PDMR Shareholding

Diversified EnergyAnnouncement

22/03/2024 07:00

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RNS Number : 8763H  Diversified Energy Company PLC  22 March 2024

March 22, 2024

 

Diversified Energy Company PLC

("Diversified," or the "Company")

 

PDMR Shareholdings

 

Diversified Energy Company PLC (LSE: DEC; NYSE: DEC), announces the vesting of
certain Performance Share Units ("PSUs") and Restricted Stock Units ("RSUs")
previously awarded to Persons Discharging Material Responsibility ("PDMRs"),
resulting in a change to previously disclosed PDMR holdings of Ordinary Shares
of £0.20 each in the Company ("Ordinary Shares").

 

Members of the Company's senior management vested in previously awarded PSUs
and RSUs included:

 

•     Rusty Hutson, Jr, Co-Founder and Chief Executive Officer

•     Bradley Gray, President and Chief Financial Officer

•     Benjamin Sullivan, Senior Executive Vice President, Chief Legal
& Risk Officer and Corporate Secretary

 

Mr. Hutson's listed awards were solely PSUs, while the awards to Mr. Gray, and
Mr. Sullivan included a mix of PSUs and RSUs. The Company provides additional
information about its 2021 long-term incentive plan program within its Annual
Report for the year ended December 31, 2023 available on its website.

 

To settle the awards, the Company will transfer Ordinary Shares (net of
customary withholdings, including taxes) from its Employee Benefit Trust (the
"EBT") as set forth in the table below:

 

                    Net Award  Shares Held Post-Award  % of Issued Share Capital
 Rusty Hutson, Jr   18,989     1,226,634               2.58%
 Bradley Gray       15,638     162,585                 0.34%
 Benjamin Sullivan  9,603      40,417                  0.08%

 

 

For further information, please contact:

 Diversified Energy Company PLC             +1 973 856 2757
 Doug Kris                                 dkris@dgoc.com
 www.div.energy

 FTI Consulting                            dec@fticonsulting.com
 U.S. & UK Financial Public Relations

 

About Diversified Energy Company PLC

 

Diversified is a leading publicly traded energy company focused on natural gas
and liquids production, transport, marketing, and well retirement. Through our
differentiated strategy, we acquire existing, long-life assets and invest in
them to improve environmental and operational performance until retiring those
assets in a safe and environmentally secure manner. Recognized by ratings
agencies and organizations for our sustainability leadership, this
solutions-oriented, stewardship approach makes Diversified the Right Company
at the Right Time to responsibly produce energy, deliver reliable free cash
flow, and generate shareholder value.

 

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Rusty Hutson, Jr
 2   Reason for the notification
 a)  Position/status                                              Co-Founder and Chief Executive Officer
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Diversified Energy Company PLC
 b)  LEI                                                          213800YR9TFRVHPGOS67
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Bonus award of performance share units constituting a right to acquire
                                                                  Ordinary Shares of 20p each
     Identification code                                          GB00BQHP5P93
 b)  Nature of the transaction                                    Vesting of performance share units units under the Company's equity incentive
                                                                  plan
 c)  Price(s) and volumes(s)                                      Price(s)                                 Volume(s)
                                                                  £Nil                                     18,989
 d)  Aggregated information                                       N/A single transaction
     Aggregated volume                                            N/A single transaction
     Price                                                        N/A single transaction
 e)  Date of the transaction                                      19 March 2024
 f)  Place of the transaction                                     Outside a trading venue (XOFF)

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Bradley Gray
 2   Reason for the notification
 a)  Position/status                                              President and Chief Financial Officer
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Diversified Energy Company PLC
 b)  LEI                                                          213800YR9TFRVHPGOS67
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Bonus award of performance share units and restricted stock units constituting
                                                                  a right to acquire Ordinary Shares of 20p each
     Identification code                                          GB00BQHP5P93
 b)  Nature of the transaction                                    Vesting of performance share units units under the Company's equity incentive
                                                                  plan
 c)  Price(s) and volumes(s)                                      Price(s)                                  Volume(s)
                                                                  £Nil                                      15,638
 d)  Aggregated information                                       N/A single transaction
     Aggregated volume                                            N/A single transaction
     Price                                                        N/A single transaction
 e)  Date of the transaction                                      19 March 2024
 f)  Place of the transaction                                     Outside a trading venue (XOFF)

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Benjamin Sullivan
 2   Reason for the notification
 a)  Position/status                                              Senior Executive Vice President, Chief Legal & Risk Officer and Corporate
                                                                  Secretary
 b)  Initial notification/Amendment                               Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Diversified Energy Company PLC
 b)  LEI                                                          213800YR9TFRVHPGOS67
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Bonus award of performance share units and restricted stock units constituting
                                                                  a right to acquire Ordinary Shares of 20p each
     Identification code                                          GB00BQHP5P93
 b)  Nature of the transaction                                    Vesting of performance share units and restricted stock units under the
                                                                  Company's equity incentive plan
 c)  Price(s) and volumes(s)                                      Price(s)                                  Volume(s)
                                                                  £Nil                                      9,603
 d)  Aggregated information                                       N/A single transaction
     Aggregated volume                                            N/A single transaction
     Price                                                        N/A single transaction
 e)  Date of the transaction                                      19 March 2024
 f)  Place of the transaction                                     Outside a trading venue (XOFF)

 

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