Transaction in Own Shares
- Share buyback program demonstrates confidence in company's financial position and commitment to shareholder value
- Reduction in share count through cancellation will increase earnings per share for remaining shareholders
- Strategic execution of buyback across multiple trading venues suggests efficient price management
- Cash expenditure of approximately $1.06 million reduces available capital for operations or growth
- Small buyback size (about 0.1% of shares outstanding) may have limited impact on shareholder value
Insights
DEC's minor 0.1% share buyback is a routine capital allocation move with negligible immediate market impact.
Diversified Energy Company has executed a small portion of its ongoing share buyback program, purchasing
While share repurchases typically create value by reducing share count (thereby enhancing per-share metrics), signaling management's belief in undervaluation, and offering tax advantages over dividends, this particular transaction's size limits its immediate financial impact. The minuscule reduction in share count will have virtually negligible effects on key metrics like earnings per share.
The comprehensive transaction reporting across multiple trading venues demonstrates transparency in the buyback execution. The company acquired shares at prices ranging from
This transaction represents merely a routine implementation of the previously announced March 20 buyback program rather than a new strategic initiative. For context, many companies maintain ongoing repurchase programs as flexible tools for capital return, executed incrementally over time rather than through larger block purchases.
DIVERSIFIED ENERGY COMPANY PLC
("Diversified", or the "Company")
BIRMINGHAM, Ala., May 01, 2025 (GLOBE NEWSWIRE) -- 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 84,354 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: | 30 April 2025 |
| Aggregate Number of Ordinary Shares Purchased: | 84,354 |
| Lowest Price Paid per Share (USD): | 12.65 |
| Highest Price Paid per Share (USD): | 12.37 |
| Volume-Weighted Average Price Paid per Share (USD): | 12.5215 |
Following the cancellation of Shares, Diversified will have 80,068,862 Ordinary Shares of 20 Pence each in issue and no Ordinary Shares are held in treasury. This figure of 80,068,862 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: | 30 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 | |||
| 4,713 | $12.4940 | $12.58 | $12.44 | ARCX | |||
| 2,882 | $12.5257 | $12.59 | $12.42 | ASPN | |||
| 703 | $12.5300 | $12.56 | $12.49 | BAML | |||
| 100 | $12.4800 | $12.48 | $12.48 | BARX | |||
| 433 | $12.5000 | $12.51 | $12.48 | BATS | |||
| 1,808 | $12.4807 | $12.56 | $12.39 | BATY | |||
| 773 | $12.5038 | $12.55 | $12.43 | EDGA | |||
| 1,743 | $12.5176 | $12.56 | $12.48 | EDGX | |||
| 1,510 | $12.5000 | $12.50 | $12.50 | EPRL | |||
| 43,757 | $12.5122 | $12.65 | $12.37 | IEXG | |||
| 3,708 | $12.5250 | $12.55 | $12.50 | JSJX | |||
| 4 | $12.4800 | $12.50 | $12.46 | MEMX | |||
| 1,044 | $12.5085 | $12.56 | $12.46 | SGMT | |||
| 3,579 | $12.5315 | $12.59 | $12.42 | UBSA | |||
| 1,455 | $12.5005 | $12.57 | $12.41 | XBOS | |||
| 300 | $12.4833 | $12.50 | $12.47 | XCIS | |||
| 8,064 | $12.5288 | $12.62 | $12.45 | XNAS | |||
| 7,774 | $12.4943 | $12.61 | $12.37 | XNYS | |||
| 4 | $12.4800 | $12.48 | $12.48 | XPSX | |||
| Trading venue | Currency | Volume Weighted Average Price | Aggregated volume | ||||
| NYSE | USD | $12.5215 | 84,354 | ||||
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
What is the size and price of DEC's latest share buyback transaction?
How many shares will DEC have outstanding after this buyback?
What was the price range for DEC's share buyback on April 30, 2025?
Which broker executed DEC's share buyback program?
When was DEC's current share buyback program announced?
