Transaction in Own Shares
Rhea-AI Summary
Diversified Energy Company has executed a share buyback program, purchasing 116,291 ordinary shares at a volume-weighted average price of $12.7628 per share through Mizuho Securities USA. The transaction, conducted on April 29, 2025, saw share prices ranging from $12.54 to $12.86.
Following the planned cancellation of these shares, the company will have 80,153,216 ordinary shares in issue. The purchases were made across multiple trading venues, with significant volumes on XNAS (19,448 shares) and IEXG (35,244 shares).
Diversified Energy, dual-listed on LSE and NYSE, focuses on natural gas and liquids production, transport, marketing, and well retirement. Their strategy involves acquiring long-life assets and improving their environmental and operational performance before retiring them securely.
Positive
- Share buyback program actively reducing share count, potentially increasing value per share
- Strong market presence with dual listing on LSE and NYSE
- Clear focus on long-life assets and environmental stewardship, appealing to ESG investors
Negative
- Share count reduction to 80,153,216 shares after cancellation
- Significant cash outflow with average purchase price of $12.76 per share
- Fragmented trading across multiple venues suggesting potential market impact costs
News Market Reaction 1 Alert
On the day this news was published, DEC declined 3.05%, reflecting a moderate negative 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 116,291 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: | 29 April 2025 |
| Aggregate Number of Ordinary Shares Purchased: | 116,291 |
| Lowest Price Paid per Share (USD): | 12.54 |
| Highest Price Paid per Share (USD): | 12.86 |
| Volume-Weighted Average Price Paid per Share (USD): | 12.7628 |
Following the cancellation of Shares, Diversified will have 80,153,216 Ordinary Shares of 20 Pence each in issue and no Ordinary Shares are held in treasury. This figure of 80,153,216 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: | 29 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 | |||
| 9,878 | $12.6865 | $12.86 | $12.60 | ARCX | |||
| 1,305 | $12.7221 | $12.85 | $12.61 | ASPN | |||
| 2,481 | $12.7691 | $12.85 | $12.60 | BAML | |||
| 894 | $12.8450 | $12.86 | $12.82 | BARX | |||
| 2,642 | $12.7768 | $12.84 | $12.62 | BATS | |||
| 1,939 | $12.7491 | $12.86 | $12.62 | BATY | |||
| 3,600 | $12.8382 | $12.86 | $12.78 | BIDS | |||
| 62 | $12.8500 | $12.85 | $12.85 | BNPC | |||
| 3,138 | $12.7900 | $12.85 | $12.62 | CDED | |||
| 900 | $12.6738 | $12.80 | $12.60 | EDGA | |||
| 7,027 | $12.7800 | $12.86 | $12.61 | EDGX | |||
| 1,000 | $12.8233 | $12.85 | $12.80 | HRTF | |||
| 400 | $12.8225 | $12.83 | $12.82 | ICBX | |||
| 35,244 | $12.7453 | $12.86 | $12.60 | IEXG | |||
| 100 | $12.7700 | $12.77 | $12.77 | ITGI | |||
| 2,340 | $12.7529 | $12.85 | $12.60 | JPMX | |||
| 1,766 | $12.8100 | $12.82 | $12.80 | JSJX | |||
| 300 | $12.8238 | $12.83 | $12.82 | LEVL | |||
| 391 | $12.7500 | $12.83 | $12.64 | MEMX | |||
| 100 | $12.8100 | $12.81 | $12.81 | MSPL | |||
| 2,300 | $12.7828 | $12.86 | $12.60 | SGMT | |||
| 910 | $12.8427 | $12.86 | $12.82 | TRCX | |||
| 4,165 | $12.7656 | $12.85 | $12.60 | UBSA | |||
| 1,710 | $12.7875 | $12.84 | $12.60 | VFMI | |||
| 1,876 | $12.7088 | $12.85 | $12.61 | XBOS | |||
| 570 | $12.7355 | $12.85 | $12.60 | XCIS | |||
| 19,448 | $12.7766 | $12.86 | $12.54 | XNAS | |||
| 9,801 | $12.7314 | $12.86 | $12.59 | XNYS | |||
| 4 | $12.7267 | $12.74 | $12.70 | XPSX | |||
| Trading venue | Currency | Volume Weighted Average Price | Aggregated volume | ||||
| NYSE | USD | $12.7628 | 116,291 | ||||
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 April 29, 2025?
What is the price range of DEC's share buyback on April 29, 2025?
How many shares will Diversified Energy (DEC) have after this buyback?
Which trading venues were most active in DEC's April 29 buyback?
What is the purpose of DEC's share buyback program announced March 20, 2025?
