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Diversified Energy Company (LSE: DEC) (NYSE: DEC) has executed a share buyback program, purchasing 41,876 Ordinary Shares at a volume-weighted average price of 1,030.42 pence per share through Peel Hunt LLP. The acquired shares will be cancelled.

Following the cancellation, the company will have 80,832,961 Ordinary Shares outstanding, with no shares held in treasury. This figure serves as the denominator for shareholders calculating their interest notifications under FCA's Disclosure Guidance and Transparency Rules.

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Positive

  • Share buyback program reduces total shares outstanding, potentially increasing value per share
  • No shares held in treasury indicates efficient capital management

Negative

  • Cash outflow for share repurchases reduces available capital for operations or growth

News Market Reaction 1 Alert

+0.60% News Effect

On the day this news was published, DEC gained 0.60%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Diversified Energy Company PLC (LSE: DEC) (NYSE: DEC) announces that, in accordance with the terms of its share buyback program announced on 20 March 2025, the Company has purchased 41,876 Ordinary Shares of 20 pence each in the capital of the Company (the "Shares") in the market at a volume-weighted average price of 1,030.42 pence per Share through Peel Hunt LLP ("Peel Hunt"). The Shares acquired will, in due course, be cancelled.

Aggregated Information

Date of Purchase 28 March 2025
Aggregate Number of Ordinary Shares Purchased:41,876
Lowest Price Paid per Share (pence):1,025.00
Highest Price Paid per Share (pence):1,035.00
Volume-Weighted Average Price Paid per Share (pence):1,030.42
  

Following the cancellation of Shares, Diversified will have 80,832,961 Ordinary Shares of 20 pence each in issue and no Ordinary Shares are held in treasury. This figure of 80,832,961 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 Peel Hunt as part of the buyback program.

Schedule of Purchases

Shares purchased:DIVERSIFIED ENERGY COMPANY PLC (ISIN: GB00BQHP5P93)
Dates of purchases:28 March 2025
Investment firm:Peel Hunt LLP


Number of shares purchasedTransaction price
(GBP per share)
Trading venueTransaction date and timeTrade ID
2,80110.25XLON10:30:0400174809044TRLO0
11,32010.30XLON10:34:0500174809379TRLO0
6,44310.27XLON12:59:2800174820361TRLO0
5,82010.26XLON13:45:3800174824930TRLO0
5,36610.35XLON14:41:3100174832851TRLO0
2,36810.35XLON16:35:2500174848275TRLO0
54910.35XLON16:35:2500174848277TRLO0
1,28010.35XLON16:35:2500174848278TRLO0
60310.35XLON16:35:2500174848279TRLO0
9510.35XLON16:35:2500174848280TRLO0
11810.35XLON16:35:2500174848281TRLO0
2,45510.35XLON16:35:2500174848282TRLO0
1,44810.35XLON16:35:2500174848283TRLO0
8210.35XLON16:35:2500174848284TRLO0
26910.35XLON16:35:2500174848285TRLO0
10010.35XLON16:35:2500174848286TRLO0
75910.35XLON16:35:2500174848287TRLO0
     

For further information, please contact:

Diversified Energy Company PLC+1 973 856 2757
Doug Krisdkris@dgoc.com
www.div.energy 
  
FTI Consultingdec@fticonsulting.com
U.S. & UK Financial Public Relations 
  

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) purchase in its latest buyback?

DEC purchased 41,876 Ordinary Shares at 1,030.42 pence per share through Peel Hunt LLP.

What is the total number of outstanding shares for DEC after the buyback?

After the share cancellation, DEC will have 80,832,961 Ordinary Shares outstanding.

When was DEC's share buyback program announced?

The share buyback program was announced on March 20, 2025.

What happens to the shares purchased in DEC's buyback program?

The shares acquired through the buyback program will be cancelled.
Diversified Energy Company Plc

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1.12B
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Birmingham