Transaction in Own Shares
Rhea-AI Summary
Diversified Energy Company has executed a share buyback program, purchasing 36,063 ordinary shares at a volume-weighted average price of $12.6209 per share through Mizuho Securities USA on April 28, 2025. The transaction was conducted on the NYSE with share prices ranging between $12.55 (lowest) and $12.66 (highest).
Following the planned cancellation of these shares, the company's total ordinary shares will decrease to 80,269,507. The purchases were spread across multiple trading venues including NYSE, NASDAQ, and various other platforms.
Key Transaction Details:
- Total Shares Purchased: 36,063
- Average Price: $12.6209
- Trading Date: April 28, 2025
- Primary Trading Venue: NYSE
The buyback aligns with Diversified's strategy as a natural gas and liquids production company focused on acquiring long-life assets and improving their environmental performance.
Positive
- Share buyback program actively reducing share count, indicating confidence in company value
- Strong market presence with dual listing on LSE and NYSE
- Clear commitment to shareholder value through share cancellation
Negative
- Reduction in total outstanding shares from buyback may decrease stock liquidity
News Market Reaction – DEC
On the day this news was published, DEC gained 0.63%, 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 36,063 Ordinary Shares of 20 Pence each in the capital of the Company (the "Shares") in the market at a volume-weighted average price of 12.6209 per Share through Mizuho Securities USA LLC (MSUSA). The Shares acquired will, in due course, be cancelled. The Shares have been acquired in accordance with the share buyback programme on the NYSE, pursuant to a share purchase contract with MSUSA.
Aggregated Information
| Date of Purchase: | 28 April 2025 |
| Aggregate Number of Ordinary Shares Purchased: | 36,063 |
| Lowest Price Paid per Share (USD): | 12.66 |
| Highest Price Paid per Share (USD): | 12.55 |
| Volume-Weighted Average Price Paid per Share (USD): | 12.6209 |
Following the cancellation of Shares, Diversified will have 80,269,507 Ordinary Shares of 20 Pence each in issue and no Ordinary Shares are held in treasury. This figure of 80,269,507 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: | 28 April 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 | |||
| 1,068 | ARCX | ||||||
| 1,107 | ASPN | ||||||
| 500 | BAML | ||||||
| 516 | BATS | ||||||
| 1,662 | BATY | ||||||
| 500 | EDGA | ||||||
| 300 | EDGX | ||||||
| 15,559 | IEXG | ||||||
| 1,092 | JSJX | ||||||
| 100 | LEVL | ||||||
| 14 | MEMX | ||||||
| 1,499 | SGMT | ||||||
| 1,874 | UBSA | ||||||
| 1,206 | XBOS | ||||||
| 400 | XCIS | ||||||
| 3,342 | XNAS | ||||||
| 5,324 | XNYS | ||||||
| Trading venue | Currency | Volume Weighted Average Price | Aggregated volume | ||||
| NYSE | USD | 36,063 | |||||
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.
