REG - Diversified Energy - Transaction in Own Shares

Stifel FinancialAnnouncement

18/12/2023 08:15

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RNS Number : 0648X  Diversified Energy Company PLC  18 December 2023

18 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 7,500 ordinary shares of 20 pence each in the capital of
the Company (the "Shares") in the market at a volume weighted average price of
1330.06 pence per Share through Stifel Nicolaus Europe Limited ("Stifel"). The
Shares acquired will, in due course, be cancelled.

 

Aggregated Information

 

 Date of Purchase:                                      15 December 2023
 Aggregate Number of Ordinary Shares Purchased:         7,500
 Lowest Price Paid per Share (pence):                   1319.00
 Highest Price Paid per Share (pence):                  1335.50
 Volume-Weighted Average Price Paid per Share (pence):  1330.06

 

Following the cancellation of Shares, Diversified will have 48,123,835
ordinary shares of 20 pence each in issue and no ordinary shares are held in
treasury. This figure of 48,123,835 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:  15 December 2023
 Investment firm:     Stifel Nicolaus Europe Limited

 

 

 Transaction date and time   Number of shares purchased  Transaction price (pence per share)  Trading venue
 15 December 2023, 03:41 PM  242                         1325.00                              LSE
 15 December 2023, 03:41 PM  215                         1323.00                              LSE
 15 December 2023, 03:43 PM  205                         1322.50                              LSE
 15 December 2023, 03:44 PM  219                         1321.50                              LSE
 15 December 2023, 03:44 PM  80                          1320.50                              LSE
 15 December 2023, 03:44 PM  134                         1320.50                              LSE
 15 December 2023, 03:48 PM  75                          1322.00                              LSE
 15 December 2023, 03:48 PM  124                         1322.00                              LSE
 15 December 2023, 04:09 PM  204                         1319.00                              LSE
 15 December 2023, 04:10 PM  233                         1324.00                              LSE
 15 December 2023, 04:14 PM  229                         1324.50                              LSE
 15 December 2023, 04:15 PM  220                         1323.00                              LSE
 15 December 2023, 04:16 PM  239                         1322.50                              LSE
 15 December 2023, 04:22 PM  214                         1326.50                              LSE
 15 December 2023, 04:24 PM  233                         1325.00                              LSE
 15 December 2023, 04:27 PM  212                         1324.50                              LSE
 15 December 2023, 04:28 PM  242                         1324.00                              LSE
 15 December 2023, 04:35 PM  512                         1335.50                              LSE
 15 December 2023, 04:35 PM  1,005                       1335.50                              LSE
 15 December 2023, 04:35 PM  534                         1335.50                              LSE
 15 December 2023, 04:35 PM  703                         1335.50                              LSE
 15 December 2023, 04:35 PM  1,426                       1335.50                              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 (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 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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