Diversified Energy Announces Pricing of Secondary Offering of Ordinary Shares
Diversified Energy (NYSE:DEC) has announced the pricing of a secondary offering by selling stockholders including EIG, FS/EIG Advisor, LLC, and FS/KKR Advisor, LLC. The offering consists of 5,713,353 ordinary shares priced at $13.75 per share, with an additional 30-day option for underwriters to purchase up to 857,002 shares.
The Diversified Employee Benefit Trust has expressed interest in purchasing 750,000 shares at the public offering price, totaling $10,312,500. This transaction is considered a related party transaction due to EIG's association with Diversified director Randy Wade. The offering is expected to settle on September 18, 2025. Mizuho, Raymond James, and Citigroup are serving as joint book-running managers.
The company will not receive any proceeds from the offering as all shares are being sold by existing stockholders.Diversified Energy (NYSE:DEC) ha annunciato la determinazione del prezzo di un\'offerta secondaria da parte di azionisti venditori, tra cui EIG, FS/EIG Advisor, LLC e FS/KKR Advisor, LLC. L\'offerta comprende 5.713.353 azioni ordinarie trattate a 13,75 USD per azione, con una opzione di 30 giorni agli underwriter per acquistare fino a 857.002 azioni. Il Diversified Employee Benefit Trust ha manifestato interesse ad acquistare 750.000 azioni al prezzo di offerta pubblica, per un totale di 10.312.500 USD. Questa operazione è considerata una transazione con parti correlate a causa dell\'associazione di EIG con il membro del consiglio di Diversified, Randy Wade. L\'offerta dovrebbe perfezionarsi il 18 settembre 2025. Mizuho, Raymond James e Citigroup svolgono il ruolo di joint book-running managers. La società non riceverà proventi dall\'offerta poiché tutte le azioni sono vendute da azionisti esistenti.
Diversified Energy (NYSE: DEC) ha anunciado el precio de una oferta secundaria de accionistas vendedores, entre los que se encuentran EIG, FS/EIG Advisor, LLC y FS/KKR Advisor, LLC. La oferta consiste en 5.713.353 acciones ordinarias a 13,75 dólares por acción, con una opción adicional de 30 días para que los suscriptores compren hasta 857.002 acciones. El Diversified Employee Benefit Trust ha mostrado interés en comprar 750.000 acciones al precio de oferta pública, por un total de 10.312.500 dólares. Esta operación se considera una transacción con partes relacionadas debido a la asociación de EIG con Randy Wade, director de Diversified. Se espera que el cierre de la oferta tenga lugar el 18 de septiembre de 2025. Mizuho, Raymond James y Citigroup actúan como co-líderes de la operación. La empresa no recibirá ingresos de la oferta, ya que todas las acciones se venden por parte de accionistas existentes.
다양화 에너지(Diversified Energy, NYSE: DEC)는 EIG, FS/EIG Advisor, LLC, FS/KKR Advisor, LLC를 포함한 매도 주주에 의한 2차 공모의 가격을 발표했습니다. 공모는 주당 13.75달러에 5,713,353주의 보통주로 구성되며, 주관사들이 추가로 최대 857,002주를 매입할 수 있는 30일 옵션이 있습니다. Diversified Employee Benefit Trust는 공모가로 750,000주를 매입하겠다고 밝혔으며 총액은 10,312,500달러입니다. 이 거래는 EIG가 Diversified 이사 Randy Wade와의 연관성으로 인해 관련 당사자 거래로 간주됩니다. 공모의 정산은 2025년 9월 18일로 예상됩니다. Mizuho, Raymond James, Citigroup이 공동 북런 매니저로 활동합니다. 모든 주식이 기존 주주에 의해 팔리므로 회사는 공모로부터 어떠한 수익도 받지 못합니다.
Diversified Energy (NYSE: DEC) a annoncé le prix d\'une offre secondaire réalisée par des actionnaires vendeurs, dont EIG, FS/EIG Advisor, LLC et FS/KKR Advisor, LLC. L\'offre porte sur 5 713 353 actions ordinaires à 13,75 dollars l\'action, avec une option de 30 jours permettant aux souscripteurs d\'en acheter jusqu\'à 857 002. Le Diversified Employee Benefit Trust a exprimé son intention d\'acheter 750 000 actions au prix d\'offre publique, soit un total de 10 312 500 dollars. Cette opération est considérée comme une transaction avec des parties liées en raison de l\'association d\'EIG avec Randy Wade, administrateur de Diversified. La clôture de l\'offre est prévue pour le 18 septembre 2025. Mizuho, Raymond James et Citigroup agissent en tant que co-chefs de l\'opération (joint book-running managers). La société ne recevra aucun produit de l\'offre, toutes les actions étant vendues par des actionnaires existants.
Diversified Energy (NYSE: DEC) hat die Preisfestsetzung für eine Secondary Offering von Verkäufern, darunter EIG, FS/EIG Advisor, LLC und FS/KKR Advisor, LLC, bekannt gegeben. Das Angebot umfasst 5.713.353 Stammaktien zu 13,75 USD pro Aktie, mit einer 30-Tage-Option, damit die Underwriter bis zu 857.002 Aktien erwerben können. Der Diversified Employee Benefit Trust hat Interesse bekundet, 750.000 Aktien zum Angebotspreis zu kaufen, insgesamt 10.312,50 USD. Diese Transaktion gilt aufgrund der Verbindung von EIG mit Randy Wade, einem Diversified-Verwaltungsdirektor, als Transaktion mit nahestehenden Parteien. Die Abwicklung der Emission wird voraussichtlich am 18. September 2025 erfolgen. Mizuho, Raymond James und Citigroup fungieren als gemeinsame Book-Running-Managers. Das Unternehmen erhält aus dem Angebot keinerlei Erlöse, da alle Aktien von bestehenden Aktionären verkauft werden.
أعلنت Diversified Energy (بورصة نيويورك: DEC) عن تسعير عرض ثانوي من قبل مساهمين بائعين بما في ذلك EIG و FS/EIG Advisor, LLC و FS/KKR Advisor, LLC. يتكون العرض من 5,713,353 سهماً عودةً بسعر 13.75 دولار للسهم، مع خيار لمدة 30 يوماً للمكتتبين لشراء حتى 857,002 سهم إضافي. أبدى Diversified Employee Benefit Trust اهتمامه بشراء 750,000 سهم بسعر العرض العام، بإجمالي 10,312,500 دولار. تعتبر هذه الصفقة صفقة مع أطراف ذات صلة بسبب ارتباط EIG بمدير Diversified Randy Wade. من المتوقع أن تتم التسوية في 18 سبتمبر 2025. يعمل Mizuho وRaymond James وCitigroup كمدراء مشتركين للكتاب (joint book-running managers). لن تحصل الشركة على عائد من العرض إذ يتم بيع جميع الأسهم من قبل المساهمين الحاليين.
Diversified Energy（NYSE: DEC）宣布由出售股东（包括 EIG、FS/EIG Advisor, LLC 以及 FS/KKR Advisor, LLC）定价的二次公开发行。此次发行包括以每股 13.75 美元定价的 5,713,353 股普通股，承销商还享有30天的购股权，最高可购买 857,002 股。Diversified Employee Benefit Trust 表示有意按公开发行价购买 750,000 股，总额 10,312,500 美元。由于 EIG 与 Diversified 董事 Randy Wade 的关联，此交易被视为关联方交易。预计发行将在 2025 年 9 月 18 日结算。Mizuho、Raymond James 和 Citigroup 将担任联席账簿管理人。由于所有股份均来自现有股东，公司此次发行不获得任何收益。
- The Board confirms the EBT Transaction is fair and reasonable for shareholders
- Multiple major financial institutions (Mizuho, Raymond James, Citigroup) supporting the offering as book-runners
- Company receives no proceeds from the offering as all shares are being sold by existing stockholders
- Potential stock price pressure from significant share sale volume
- Related party transaction involvement may raise governance concerns
Insights
Selling stockholders offering 5.7M shares at $13.75; transaction shifts ownership without diluting existing shareholders or providing proceeds to DEC.
This secondary offering represents a significant ownership shift for Diversified Energy, with selling stockholders (including EIG, FS/EIG Advisor, and FS/KKR Advisor entities) offering 5,713,353 ordinary shares at
The key distinction here is that this is a secondary offering, meaning all proceeds go to the selling shareholders rather than to Diversified Energy itself. Unlike primary offerings that dilute existing shareholders while raising capital for the company, this transaction simply transfers ownership from institutional investors to public market participants without affecting Diversified's capital structure or balance sheet.
What's particularly noteworthy is the Diversified Employee Benefit Trust's interest in purchasing 750,000 shares (about
The participation of Mizuho, Raymond James, and Citigroup as joint book-running managers suggests strong institutional support for the transaction. The offering is expected to close quickly, by September 18, indicating confidence in market demand for these shares. This transaction primarily represents a rebalancing of ownership without material impact on Diversified's operations or capital position.
Diversified Energy Announces Pricing of Secondary Offering of Ordinary Shares
BIRMINGHAM, Ala., Sept. 16, 2025 (GLOBE NEWSWIRE) -- Diversified Energy Company PLC (LSE: DEC; NYSE: DEC) (“Diversified” or the "Company"), an independent energy company focused on natural gas and liquids production, transportation, marketing and well retirement, today announces the pricing of the previously announced underwritten public offering (the “Secondary Offering”) by certain funds or entities managed by an affiliate of EIG (“EIG”), an entity managed by FS/EIG Advisor, LLC and certain entities managed by FS/KKR Advisor, LLC (collectively, the “Selling Stockholders”) of 5,713,353 ordinary shares, nominal (par) value
The Secondary Offering consists entirely of ordinary shares to be sold by the Selling Stockholders. The Selling Stockholders will receive all of the net proceeds from the Secondary Offering. Diversified is not offering any ordinary shares in the Secondary Offering and will not receive any proceeds from the sale of ordinary shares in the Secondary Offering. The Secondary Offering is expected to settle on September 18, 2025, subject to customary closing conditions.
The Diversified Employee Benefit Trust, which is operated through a third-party trustee, has indicated an interest to participate and purchase from the underwriters 750,000 of the ordinary shares being sold in this Secondary Offering (the “EBT Purchase Shares”) at a price per ordinary share equal to the public offering price (the “EBT Transaction”) being a total consideration of
Mizuho and Raymond James are acting as joint book-running managers and representatives of the underwriters for the Secondary Offering. Citigroup is also acting as a joint book-running manager for the Secondary Offering.
A shelf registration statement relating to the resale of these securities was filed with the U.S. Securities and Exchange Commission (the "SEC") on May 16, 2025 and became effective upon filing. Copies of the registration statement can be accessed through the SEC's website free of charge at www.sec.gov. A preliminary prospectus supplement and an accompanying prospectus relating to and describing the terms of the Secondary Offering were filed with the SEC and are available free of charge by visiting EDGAR on the SEC's website at www.sec.gov. When available, copies of the final prospectus supplement and the accompanying prospectus related to the Secondary Offering can be accessed through the SEC's website free of charge at www.sec.gov or obtained free of charge from any of the joint book-running managers for the Secondary Offering: Mizuho Securities USA LLC, Attention: Equity Capital Markets Desk, at 1271 Avenue of the Americas, New York, NY 10020, or by email at US-ECM@mizuhogroup.com, Raymond James & Associates, Inc., at 880 Carillon Parkway, St. Petersburg, Florida 33716, Attention: Equity Syndicate, by calling toll-free at 1-800-248-8863, or emailing at prospectus@raymondjames.com, or Citigroup, c/o Broadridge Financial Solutions, at 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-800-831-9146.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy our ordinary shares nor shall there be any sale of securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
CONTACTS
| Diversified Energy Company PLC | +1 973 856 2757 |
| Doug Kris | dkris@dgoc.com |
| Senior Vice President, Investor Relations & Corporate Communications | |
| FTI Consulting | dec@fticonsulting.com |
| U.S. & UK Financial Media Relations |
About Diversified
Diversified is a leading publicly traded energy company focused on acquiring, managing and optimizing a portfolio of cash generative energy assets, including natural gas and liquids production, transport, marketing, and well retirement. Through our unique and 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 press release includes forward-looking statements. 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", “projects”, "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, expectations regarding the proposed Secondary Offering of ordinary shares. 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, including market conditions, failure of customary closing conditions and the risk factors and other matters set forth in the Company’s filings with the SEC and other important factors that could cause actual results to differ materially from those projected.
Important Notice to UK and EU Investors
This announcement contains inside information for the purposes of Regulation (EU) No. 596/2014 on market abuse and the UK Version of Regulation (EU) No. 596/2014 on market abuse, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (together, “MAR”). In addition, market soundings (as defined in MAR) were taken in respect of the matters contained in this announcement, with the result that certain persons became aware of such inside information as permitted by MAR. Upon the publication of this announcement, the inside information is now considered to be in the public domain and such persons shall therefore cease to be in possession of inside information in relation to the Company and its securities.
Members of the public are not eligible to take part in the Secondary Offering. This announcement is directed at persons who are: (a) if in member states of the European Economic Area, "qualified investors" within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (the "Prospectus Regulation") ("Qualified Investors"); or (b) if in the United Kingdom, “qualified investors” within the meaning of Article 2(e) of the UK version of Regulation (EU) 2017/1129 as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, who are (i) persons who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), or (ii) persons who fall within Article 49(2)(a) to (d) of the Order; or (c) persons to whom they may otherwise lawfully be communicated (each such person above, a "Relevant Person"). No other person should act or rely on this announcement and persons distributing this announcement must satisfy themselves that it is lawful to do so. This announcement must not be acted on or relied on by persons who are not Relevant Persons, if in the United Kingdom, or Qualified Investors, if in a member state of the EEA. Any investment or investment activity to which this announcement or the Secondary Offering relates is available only to Relevant Persons, if in the United Kingdom, and Qualified Investors, if in a member state of the EEA, and will be engaged in only with Relevant Persons, if in the United Kingdom, and Qualified Investors, if in a member state of the EEA.
No offering document or prospectus will be available in any jurisdiction in connection with the matters contained or referred to in this announcement in the United Kingdom and no such offering document or prospectus is required (in accordance with the Prospectus Regulation or UK Prospectus Regulation) to be published.
Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.
The Company has consulted with a number of existing shareholders and other investors ahead of the release of this announcement, including regarding the rationale for the offering.
In connection with the Secondary Offering, Mizuho or any of its agents, may (but will be under no obligation to), to the extent permitted by applicable law, over-allot shares or effect other transactions with a view to supporting the market price of the shares at a higher level than that which might otherwise prevail in the open market. Mizuho may, for stabilization purposes, over-allot shares up to a maximum of 10 per cent. of the total number of shares comprised in the Secondary Offering. Mizuho will not be required to enter into such transactions and such transactions may be effected on any stock market, over-the-counter market, stock exchange or otherwise and may be undertaken at any time during the period commencing on the date of adequate public disclosure of the final price of the securities and ending no later than 30 calendar days thereafter. However, there will be no obligation on Mizuho or any of its agents to effect stabilizing transactions and there is no assurance that stabilizing transactions will be undertaken. Such stabilizing measures, if commenced, may be discontinued at any time without prior notice. In no event will measures be taken to stabilize the market price of the shares above the offer price. Save as required by law or regulation, neither Mizuho nor any of its agents intends to disclose the extent of any over-allotments made and/or stabilization transactions conducted in relation to the Secondary Offering.
Mizuho and Raymond James are acting exclusively for the Company and no one else in connection with the Secondary Offering and will not regard any other person as their respective clients in relation to the Secondary Offering and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for giving advice in relation to the Secondary Offering or the contents of this announcement or any transaction, arrangement or other matter referred to herein.
In connection with the Secondary Offering, Mizuho and Raymond James or any of their respective affiliates, acting as investors for their own accounts, may subscribe for or purchase shares and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such shares and other securities of the Company or related investments in connection with the Secondary Offering or otherwise. Mizuho and Raymond James or any of their respective affiliates do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.
Neither Mizuho nor Raymond James, nor any of their respective subsidiary undertakings, affiliates or any of their respective directors, officers, employees, advisers, agents or any other person accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy, completeness or fairness of the information or opinions in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.
FAQ
What is the price per share for DEC's secondary offering in September 2025?
How many shares are being offered in DEC's secondary offering?
Who are the selling stockholders in DEC's secondary offering?
Will Diversified Energy receive any proceeds from this secondary offering?
What is the Employee Benefit Trust's involvement in DEC's secondary offering?
