REG - Diversified Energy - Director / PDMR Shareholdings

Diversified EnergyAnnouncement

16/08/2022 07:00

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RNS Number : 1457W  Diversified Energy Company PLC  16 August 2022

16 August 2022

 

 Diversified Energy Company PLC

("Diversified" or the "Company")

 

Director / PDMR Shareholdings

 

Diversified Energy Company PLC (LSE:DEC) announces that on 11 August 2022,
12 August 2022 and 15 August 2022, members of its Board of Directors (the
"Board") transacted in ordinary shares of 1p each in the Company ("Ordinary
Shares").

 

On 11 August 2022, Bradley G. Gray, Executive Director of the Board, Chief
Operating Officer and Executive Vice President exercised 825,000 vested stock
options. To settle the award, the Company will transfer 185,439 ordinary
shares of £0.01 ("ordinary Share") each (net of withholding tax) from its
Employee Benefit Trust. Concurrent to the exercise of Stock Options, Mr. Gray
elected to sell the newly allotted 185,439 net shares in the open market on
12 August 2022 at a price of 130.15 pence per Ordinary Share. Following the
concurrent option exercise and sale of shares, Mr. Gray remains interested in
2,394,782 Ordinary Shares representing approximately 0.281% of the Company's
issued share capital.

 

On 11 August 2022, Martin Thomas, Non-Executive Vice Chair of the Board
acquired 6,000 Ordinary Shares through the open market at an average price of
129.96 pence per Ordinary Share. Following this purchase, Mr. Thomas is now
interested in 2,206,000 Ordinary Shares representing approximately 0.259% of
the Company's issued share capital.

 

On On 15 August 2022, David Turner, Independent Non-Executive Director of the
Board acquired 6,975 Ordinary Shares through the open market at an average
price of 135.00 pence per Ordinary Share. Following this purchase, Mr. Turner
is now interested in 378,475 Ordinary Shares representing approximately 0.044%
of the Company's issued share capital.

 

For further information, please contact:

 Diversified Energy Company PLC                             +1 205 408 0909
 Wren Smith                                                 ir@dgoc.com (mailto:ir@dgoc.com)
 (www.div.energy) www.div.energy (https://www.div.energy/)

 FTI Consulting                                             DEC@fticonsulting.com (mailto:dec@fticonsulting.com)
 US & UK Financial Public Relations

 

 

About Diversified Energy Company PLC

Diversified Energy Company PLC is an independent energy company engaged in the
production, marketing and transportation of primarily natural gas related to
its synergistic US onshore upstream and midstream assets.

 

 

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                                                         Bradley G. Gray
 2   Reason for the notification
 a)  Position/status                                              Executive Director of the Board, Chief Operating Officer and Executive Vice
                                                                  President
 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  Ordinary Shares of 1 pence each
     Identification code                                          GB00BYX7JT74
 b)  Nature of the transaction                                    a.   Exercise of Options

                                                                  b.   Net Settlement Withholding

                                                                  c.   Sale of Ordinary Shares
 c)  Price(s) and volumes(s)                                      Price(s)                                Volume(s)
                                                                  a.   £0.8400                            a.   825,000

                                                                  b.   £1.3100                            b.   639,561

                                                                  c.   £1.3015                            c.   185,439
 d)  Aggregated information
     Aggregated volume                                            Net Settlement of Options Exercised - 185,439

                                                                  Sale of Ordinary Shares - 185,439
     Price                                                        Net Settlement of Options Exercised - £Nil

                                                                  Sale of Ordinary Shares - £1.3015
 e)  Date of the transaction                                      Net Settlement of Options Exercised - 11 August 2022

                                                                  Sale of Ordinary Shares - 12 August 2022
 f)  Place of the transaction                                     London Stock Exchange (XLON)

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Martin Thomas
 2   Reason for the notification
 a)  Position/status                                              Non-Executive Vice Chair
 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  Ordinary Shares of 1 pence each
     Identification code                                          GB00BYX7JT74
 b)  Nature of the transaction                                    Purchase of Ordinary Shares
 c)  Price(s) and volumes(s)                                      Price(s)                     Volume(s)
                                                                  £1.2996                      6,000
 d)  Aggregated information                                       N/A - single transaction
     Aggregated volume                                            N/A - Single transaction
     Price                                                        £1.2996
 e)  Date of the transaction                                      11 August 2022
 f)  Place of the transaction                                     London Stock Exchange (XLON)

 

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         David Turner
 2   Reason for the notification
 a)  Position/status                                              Independent Non-Executive Director
 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  Ordinary Shares of 1 pence each
     Identification code                                          GB00BYX7JT74
 b)  Nature of the transaction                                    Purchase of Ordinary Shares
 c)  Price(s) and volumes(s)                                      Price(s)                     Volume(s)
                                                                  £1.3500                      6,975
 d)  Aggregated information                                       N/A - single transaction
     Aggregated volume                                            N/A - Single transaction
     Price                                                        £1.3500
 e)  Date of the transaction                                      15 August 2022
 f)  Place of the transaction                                     London Stock Exchange (XLON)

 

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