Transaction in Own Shares
- Share buyback demonstrates company's confidence in its financial position and commitment to returning value to shareholders
- Reduction in share count to 78,571,076 shares will increase earnings per share for remaining shareholders
- Company maintains strong market presence with dual listing on LSE and NYSE
- Share buyback reduces company's cash reserves that could be used for operational growth or debt reduction
- Trading spread of $0.205 between highest and lowest purchase prices indicates some price volatility
Insights
Diversified Energy continues its share buyback program, reducing outstanding shares by 95,720 at $14.01 average price.
Diversified Energy Company PLC (LSE/NYSE: DEC) has executed another transaction in its ongoing share buyback program, purchasing
The repurchased shares will be cancelled, reducing the total number of outstanding ordinary shares to 78,571,076. This represents a modest but meaningful reduction in the company's share count, which effectively increases each remaining shareholder's proportional ownership in the company.
The price range for the purchases was relatively tight, with shares acquired between
Share buybacks typically indicate management's confidence in the company's financial position and belief that shares represent good value. For Diversified Energy, which focuses on acquiring and improving long-life natural gas and liquids assets, this buyback aligns with their stated strategy of generating reliable free cash flow and creating shareholder value while maintaining their commitment to environmental stewardship.
By reducing the number of shares outstanding, metrics like earnings per share should see a modest boost, assuming all other factors remain constant. This transaction represents approximately
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 95,720 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: | 12 June 2025 |
| Aggregate Number of Ordinary Shares Purchased: | 95,720 |
| Lowest Price Paid per Share (USD): | 13.895 |
| Highest Price Paid per Share (USD): | 14.10 |
| Volume-Weighted Average Price Paid per Share (USD): | 14.0062 |
Following the cancellation of Shares, Diversified will have 78,571,076 Ordinary Shares of 20 Pence each in issue and no Ordinary Shares are held in treasury. This figure of 78,571,076 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: | 12 June 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 | |||
| 5,952 | $13.9997 | $0.00 | $0.00 | ARCX | |||
| 2,910 | $14.0223 | $0.00 | $0.00 | ASPN | |||
| 545 | $14.0121 | $0.00 | $0.00 | BAML | |||
| 600 | $13.9892 | $0.00 | $0.00 | BARX | |||
| 2,314 | $14.0016 | $0.00 | $0.00 | BATS | |||
| 533 | $14.0000 | $0.00 | $0.00 | BATY | |||
| 151 | $13.9650 | $0.00 | $0.00 | BIDS | |||
| 300 | $14.0100 | $0.00 | $0.00 | BNPC | |||
| 2,193 | $13.9767 | $0.00 | $0.00 | CDED | |||
| 2,200 | $13.9900 | $0.00 | $0.00 | CPGX | |||
| 309 | $14.0480 | $0.00 | $0.00 | EDGA | |||
| 127 | $13.9850 | $0.00 | $0.00 | EDGX | |||
| 370 | $13.9967 | $0.00 | $0.00 | ICBX | |||
| 53,057 | $14.0102 | $0.00 | $0.00 | IEXG | |||
| 525 | $14.0050 | $0.00 | $0.00 | ITGI | |||
| 1,069 | $13.9969 | $0.00 | $0.00 | JPMX | |||
| 6,168 | $14.0167 | $0.00 | $0.00 | JSJX | |||
| 100 | $14.0000 | $0.00 | $0.00 | LEVL | |||
| 381 | $13.9933 | $0.00 | $0.00 | MEMX | |||
| 803 | $14.0056 | $0.00 | $0.00 | SGMT | |||
| 3,575 | $14.0155 | $0.00 | $0.00 | UBSA | |||
| 968 | $13.9980 | $0.00 | $0.00 | VFMI | |||
| 300 | $13.9850 | $0.00 | $0.00 | XBOS | |||
| 441 | $14.0214 | $0.00 | $0.00 | XCIS | |||
| 6,630 | $13.9921 | $0.00 | $0.00 | XNAS | |||
| 3,199 | $14.0035 | $0.00 | $0.00 | XNYS | |||
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 June 12, 2025?
What was the average price paid per share in DEC's buyback?
How many shares will DEC have outstanding after this buyback?
What was the price range for DEC's share buyback?
When did DEC announce its share buyback program?
