REG - Diversified Energy - Diversified Energy Begins Trading on NYSE

Intercontinental ExchangeAnnouncement

18/12/2023 08:15

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RNS Number : 0650X  Diversified Energy Company PLC  18 December 2023

18 December 2023

 

 

Diversified Energy Company PLC

("Diversified" or the "Company")

 

Diversified Energy Begins Trading on NYSE

 

Diversified Energy Company PLC (LSE: DEC, NYSE: DEC) is pleased to announce
that trading in its ordinary shares will commence at U.S. market open today on
the New York Stock Exchange (NYSE) under the ticker symbol "DEC" as part of
the Company's previously announced US listing process. The Company will retain
its premium listing and will continue to trade on the main market of the
London Stock Exchange (LSE). Further, it is expected that the Company will
also continue to be a constituent of the FTSE 250 index in the UK.  No
ordinary shares are being offered or sold in connection with the US listing.

 

The Board believes that the US listing will benefit the Company and its
shareholders for multiple reasons, including raising its profile in the US.
The Board expects that the US listing will facilitate broadening the Company's
access to high-quality equity investors (including domestic US funds) and will
also increase the Company's ability to attract a broader group of equity
research analysts as there is a comparable set of peer companies listed in the
US which have a strong US equity investor base and are covered by a broad
group of equity research analysts. The Board also expects that the US Listing
will enhance the Company's daily trading liquidity and potentially provide it
access to additional financing options, which can be used to continue the
Company's acquisitive strategy.

 

Rusty Hutson, Jr., CEO of the Company, commented:

 

"The additional listing on the NYSE is an important milestone and was a
high-priority strategic initiative for the year. We expect the NYSE listing
will facilitate increased ownership by US domestic funds over time. The
executive team plans to undertake additional investor engagement to enhance
understanding and awareness of why we believe that as the natural consolidator
of existing mature assets under our stewardship-based strategy, we are the
RIGHT COMPANY at the RIGHT TIME."

 

Additionally, John Tuttle, Vice Chair of the NYSE Group, said:

 

"We are thrilled to welcome Diversified Energy, a leading US domestic producer
of natural gas, to our NYSE community. As the listing venue for many leading
energy companies, Diversified Energy will feel right at home at the New York
Stock Exchange."

 

For further information, please contact:

 Diversified Energy Company PLC            +1 973 856 2757
 Doug Kris                                 dkris@dgoc.com (mailto:ir@dgoc.com)
 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 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.

 

Forward-looking statements

This announcement includes forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties, many of which
are beyond the Company's control and all of which are based on management's
current beliefs and expectations about future events. Forward-looking
statements are sometimes identified by the use of forward-looking terminology
such as "believe", "expects", "targets", "may", "will", "could", "should",
"shall", "risk", "intends", "estimates", "aims", "plans", "predicts",
"continues", "assumes", "positioned" or "anticipates" or the negative thereof,
other variations thereon or comparable terminology. These forward-looking
statements include all matters that are not historical facts. They appear in a
number of places throughout this announcement and include statements regarding
the intentions, beliefs or current expectations of management or the Company
concerning, among other things, the results of operations, financial
condition, prospects, growth, strategies and dividend policy of the Company
and the industry in which it operates.

 

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