Transaction in Own Shares
- Share buyback demonstrates company's confidence in its financial position and commitment to returning value to shareholders
- Buyback will reduce the total number of outstanding shares, potentially increasing earnings per share
- Average purchase price of $12.7162 shows disciplined execution within market prices
- Reduction in cash reserves of approximately $890,134 for the buyback
- Decreased market float could potentially affect stock liquidity
Insights
DEC repurchased 70,000 shares (0.087% of outstanding) at $12.72 average as part of ongoing buyback program.
Diversified Energy Company has executed a modest share repurchase of
This transaction represents merely
The repurchase occurred across multiple trading venues with prices ranging from
For context, share repurchases reduce the denominator in per-share calculations, which can enhance metrics like EPS and ROE over time if continued. The company's announcement explicitly notes this reduced share count should be used by shareholders for disclosure requirement calculations.
While this specific transaction is modest in size, investors should view it as one component of the broader capital allocation framework established in the March 20th buyback announcement. The systematic approach and execution across multiple exchanges suggest an orderly implementation of the previously disclosed program.
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 70,000 Ordinary Shares of 20 Pence each in the capital of the Company (the "Shares") in the market at a volume-weighted average price of
Aggregated Information
| Date of Purchase: | 1 May 2025 |
| Aggregate Number of Ordinary Shares Purchased: | 70,000 |
| Lowest Price Paid per Share (USD): | 12.30 |
| Highest Price Paid per Share (USD): | 12.89 |
| Volume-Weighted Average Price Paid per Share (USD): | 12.7162 |
Following the cancellation of Shares, Diversified will have 79,998,862 Ordinary Shares of 20 Pence each in issue and no Ordinary Shares are held in treasury. This figure of 79,998,862 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: | 1 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 | |||
| 4,292 | $ | 12.7005 | $ | 12.87 | $ | 12.30 | ARCX |
| 2,646 | $ | 12.7675 | $ | 12.89 | $ | 12.52 | ASPN |
| 408 | $ | 12.8579 | $ | 12.89 | $ | 12.73 | BAML |
| 372 | $ | 12.6736 | $ | 12.75 | $ | 12.54 | BATS |
| 2,483 | $ | 12.7000 | $ | 12.89 | $ | 12.49 | BATY |
| 1,259 | $ | 12.7079 | $ | 12.89 | $ | 12.53 | EDGA |
| 2,117 | $ | 12.6977 | $ | 12.85 | $ | 12.33 | EDGX |
| 200 | $ | 12.7500 | $ | 12.75 | $ | 12.75 | ICBX |
| 30,559 | $ | 12.7031 | $ | 12.89 | $ | 12.30 | IEXG |
| 100 | $ | 12.8650 | $ | 12.87 | $ | 12.87 | JPMX |
| 953 | $ | 12.7183 | $ | 12.75 | $ | 12.63 | JSJX |
| 106 | $ | 12.6867 | $ | 12.75 | $ | 12.64 | MEMX |
| 3,997 | $ | 12.7201 | $ | 12.89 | $ | 12.52 | SGMT |
| 3,864 | $ | 12.7775 | $ | 12.89 | $ | 12.52 | UBSA |
| 97 | $ | 12.7750 | $ | 12.78 | $ | 12.78 | VFMI |
| 2,303 | $ | 12.6449 | $ | 12.89 | $ | 12.50 | XBOS |
| 257 | $ | 12.5267 | $ | 12.54 | $ | 12.52 | XCIS |
| 6,005 | $ | 12.7314 | $ | 12.89 | $ | 12.32 | XNAS |
| 7,982 | $ | 12.6817 | $ | 12.89 | $ | 12.33 | XNYS |
| Trading venue | Currency | Volume Weighted Average Price | Aggregated volume | ||||
| NYSE | USD | $ | 12.7162 | 70,000 | |||
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 DEC buy back on May 1, 2025?
What was the price range for DEC's share buyback on May 1, 2025?
How many shares will DEC have outstanding after this buyback?
When was DEC's share buyback program announced?
Which firm executed the share buyback for DEC?
