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RNS Number : 7896V Diversified Energy Company PLC 06 December 2023
6 December 2023
Diversified Energy Company PLC
("Diversified" or the "Company")
Transaction in Own Shares
Diversified Energy Company PLC (LSE:DEC) announces that, in accordance with
the terms of its share buyback programme announced on 27 June 2023, the
Company has purchased 45,000 ordinary shares of 20 pence each in the capital
of the Company (the "Shares") in the market at a volume weighted average price
of 1,323.80 pence per Share through Stifel Nicolaus Europe Limited ("Stifel").
The Shares acquired will, in due course, be cancelled.
Aggregated Information
Date of Purchase: 5 December 2023
Aggregate Number of Ordinary Shares Purchased: 45,000
Lowest Price Paid per Share (pence): 1300.00
Highest Price Paid per Share (pence): 1333.70
Volume-Weighted Average Price Paid per Share (pence): 1323.80
Following the cancellation of Shares, Diversified will have 48,178,835
ordinary shares of 20 pence each in issue and no ordinary shares are held in
treasury. This figure of 48,178,835 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: GB00BYX7JT74)
Dates of purchases: 5 December 2023
Investment firm: Stifel Nicolaus Europe Limited
Transaction date and time Number of shares purchased Transaction price (pence per share) Trading venue
5 December 2023, 10:22 AM 2,000 1300.00 LSE
5 December 2023, 03:18 PM 5,500 1306.00 LSE
5 December 2023, 04:21 PM 1,000 1333.70 LSE
5 December 2023, 04:24 PM 1,500 1328.00 LSE
5 December 2023, 04:29 PM 35,000 1327.50 LSE
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 (http://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 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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