Transaction in Own Shares
Rhea-AI Summary
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has executed a share buyback program, purchasing 80,218 Ordinary Shares at a volume-weighted average price of $12.9383 per share through Mizuho Securities USA LLC. The shares were acquired on May 5, 2025, with prices ranging from $12.82 to $13.00 per share. Following the cancellation of these shares, Diversified will have 79,859,197 Ordinary Shares in issue. The purchases were made across multiple trading venues, with the largest volumes executed on IEXG (30,066 shares) and ARCX (13,838 shares).
Positive
- Share buyback program demonstrates company's confidence in its value and commitment to returning capital to shareholders
- Strategic reduction in share count can enhance earnings per share for remaining shareholders
- Company maintains strong market presence with dual listing on LSE and NYSE
Negative
- Buyback reduces company's cash reserves that could be used for operational growth or debt reduction
- Small buyback size (80,218 shares) may have limited impact on overall shareholder value
News Market Reaction 1 Alert
On the day this news was published, DEC gained 0.23%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
DIVERSIFIED ENERGY COMPANY PLC
("Diversified", or the "Company")
DIVERSIFIED ENERGY COMPANY PLC (LSE:DEC, NYSE:DEC) announces that, in accordance with the terms of its share buyback programme announced on 20 March 2025, the Company has purchased 80,218 Ordinary Shares of 20 Pence each in the capital of the Company (the "Shares") in the market at a volume-weighted average price of
Aggregated Information
| Date of Purchase: | 5 May 2025 |
| Aggregate Number of Ordinary Shares Purchased: | 80,218 |
| Lowest Price Paid per Share (USD): | 12.82 |
| Highest Price Paid per Share (USD): | 13.00 |
| Volume-Weighted Average Price Paid per Share (USD): | 12.9383 |
Following the cancellation of Shares, Diversified will have 79,859,197 Ordinary Shares of 20 Pence each in issue and no Ordinary Shares are held in treasury. This figure of 79,859,197 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 Mizuho Securities USA LLC as part of the buyback programme.
Schedule of Purchases
| Shares purchased: | DIVERSIFIED ENERGY COMPANY PLC (ISIN: GB00BQHP5P93) |
| Dates of purchases: | 5 May 2025 |
| Investment firm: | Mizuho Securities USA LLC |
| Aggregate number of ordinary shares acquired | Daily volume weighted average price paid | Daily highest price paid per share | Daily lowest price per share | Trading Venue | ||
| 13,838 | $12.9273 | $13.00 | $12.82 | ARCX | ||
| 1,836 | $12.9289 | $13.00 | $12.82 | ASPN | ||
| 315 | $12.9775 | $13.00 | $12.96 | BAML | ||
| 1,405 | $12.9663 | $13.00 | $12.86 | BATS | ||
| 800 | $12.9473 | $12.99 | $12.88 | BATY | ||
| 29 | $12.9700 | $12.97 | $12.97 | CDED | ||
| 200 | $12.9750 | $12.98 | $12.97 | CPGX | ||
| 869 | $12.9325 | $13.00 | $12.89 | EDGA | ||
| 1,315 | $12.9597 | $12.99 | $12.90 | EDGX | ||
| 300 | $12.9800 | $12.98 | $12.98 | HRTF | ||
| 30,066 | $12.9314 | $13.00 | $12.82 | IEXG | ||
| 392 | $12.9500 | $13.00 | $12.91 | JPMX | ||
| 2,081 | $12.9867 | $12.99 | $12.98 | JSJX | ||
| 56 | $12.9000 | $12.92 | $12.87 | MEMX | ||
| 600 | $12.9843 | $12.99 | $12.98 | TRCX | ||
| 1,915 | $12.9457 | $13.00 | $12.82 | UBSA | ||
| 375 | $12.9667 | $12.97 | $12.96 | VFMI | ||
| 1,054 | $12.8765 | $12.94 | $12.85 | XBOS | ||
| 391 | $12.9225 | $13.00 | $12.89 | XCIS | ||
| 11,909 | $12.9269 | $13.00 | $12.82 | XNAS | ||
| 10,472 | $12.9427 | $13.00 | $12.84 | XNYS | ||
| Trading venue | Currency | Volume Weighted Average Price | Aggregated volume | |||
| NYSE | USD | $12.9383 | 80,218 | |||
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 |
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.
FAQ
How many shares did Diversified Energy (DEC) buy back on May 5, 2025?
What is the price range for DEC's share buyback on May 5, 2025?
How many outstanding shares will DEC have after this buyback?
Which broker executed DEC's share buyback program?
When was DEC's share buyback program announced?
