REG - Diversified Energy - Transaction in Own Shares

Diversified EnergyAnnouncement

09/04/2024 07:00

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RNS Number : 7887J  Diversified Energy Company PLC  09 April 2024

 

 

 Diversified Energy Company PLC

("Diversified" or the "Company")

 

Transaction in Own Shares

 

Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) announces that, in
accordance with the terms of its share buyback programme announced on 27 June
2023, the Company has purchased 3,750 ordinary shares of 20 pence each in the
capital of the Company (the "Shares") in the market at a volume weighted
average price of 1,003 pence per Share through Peel Hunt LLP ("Peel Hunt").
The Shares acquired will, in due course, be cancelled.

 

Aggregated Information

 

 Date of Purchase:                                      08/04/2024
 Aggregate Number of Ordinary Shares Purchased:         3,750
 Lowest Price Paid per Share (pence):                   1,003
 Highest Price Paid per Share (pence):                  1,003
 Volume-Weighted Average Price Paid per Share (pence):  1,003

 

Following the cancellation of Shares, Diversified will have 47,568,429
ordinary shares of 20 pence each in issue and no ordinary shares are held in
treasury. This figure of 47,568,429 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.

 

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market
Abuse Regulation), (as in force in the UK and as amended by the Market Abuse
(Amendment) (EU Exit) Regulations 2019), the table below contains detailed
information of the individual trades made by Stifel as part of the buyback
programme.

 

 

Schedule of Purchases

 

 Shares purchased:    Diversified Energy Company plc (ISIN: GB00BQHP5P93)
 Dates of purchases:  08/04/2024
 Investment firm:     Peel Hunt LLP

 

 Transaction date and time  Number of shares purchased  Transaction price (pence per share)  Trading venue
 08/04/2024 10:33:37        3,750                       1,003                                LSE

 

 

For further information, please contact:

 

 Diversified Energy Company PLC                                             +1 973 856 2757
 Doug Kris                                                                 dkris@dgoc.com
 Senior Vice President, Investor Relations & Corporate Communications      www.div.energy

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

 

 

About Diversified Energy Company PLC

 

Diversified is a leading independent energy company focused on producing,
marketing, transporting, and retiring primarily natural gas and liquids
assets. Our differentiated strategy provides the solution for existing
long-life assets that have become non-core to traditional exploration
companies. We acquire and then invest in each asset to improve environmental
and production performance and ultimately retire the wells in a safe and
environmentally secure process. This stewardship approach makes us the Right
Company at the Right Time, enabling us to responsibly produce energy, deliver
reliable free cash flow, and generate shareholder value.

 

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