Transaction in Own Shares
- Company demonstrates confidence in its value and commitment to shareholder returns through share buyback program
- Share buyback reduces the total number of outstanding shares, potentially increasing earnings per share
- Company maintains strong market presence with dual listing on LSE and NYSE
- Reduction in cash reserves that could have been used for operational growth or debt reduction
- Decrease in public float could potentially reduce stock liquidity
Insights
DEC's ongoing share buyback reduces outstanding shares by 0.07%, signaling management confidence while modestly enhancing shareholder value.
Diversified Energy Company has repurchased
This repurchase appears to be part of a systematic capital return strategy rather than an opportunistic one-time event. The narrow price range of the purchases (
While modest in size, this buyback continues DEC's commitment to returning capital to shareholders, potentially enhancing metrics like earnings per share and return on equity by reducing the share count. The company's decision to cancel rather than treasury these shares indicates a permanent reduction in outstanding equity rather than reserving them for employee compensation or future issuance.
For investors, this transaction reflects management's view that allocating capital to share repurchases represents good value at current price levels. The systematic execution across multiple venues signals a structured approach to capital allocation rather than a reaction to short-term price movements.
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 58,425 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 May 2025 |
| Aggregate Number of Ordinary Shares Purchased: | 58,425 |
| Lowest Price Paid per Share (USD): | 13.91 |
| Highest Price Paid per Share (USD): | 14.00 |
| Volume-Weighted Average Price Paid per Share (USD): | 13.9846 |
Following the cancellation of Shares, Diversified will have 78,757,014 Ordinary Shares of 20 Pence each in issue and no Ordinary Shares are held in treasury. This figure of 78,757,014 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 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 | ||||||
| ARCX | 5,072 | $13.9890 | $14.00 | $13.95 | ARCX | |||||
| ASPN | 2,062 | $13.9900 | $14.00 | $13.97 | ASPN | |||||
| BAML | 200 | $13.9800 | $13.98 | $13.98 | BAML | |||||
| BARX | 100 | $13.9825 | $13.98 | $13.98 | BARX | |||||
| BATS | 870 | $13.9829 | $14.00 | $13.97 | BATS | |||||
| BATY | 1,700 | $13.9789 | $14.00 | $13.93 | BATY | |||||
| EDGA | 600 | $13.9890 | $14.00 | $13.94 | EDGA | |||||
| EDGX | 6,060 | $13.9859 | $14.00 | $13.95 | EDGX | |||||
| ICBX | 100 | $13.9750 | $13.98 | $13.98 | ICBX | |||||
| IEXG | 25,837 | $13.9872 | $14.00 | $13.91 | IEXG | |||||
| ITGI | 5 | $13.9900 | $13.99 | $13.99 | ITGI | |||||
| JPMX | 1,238 | $13.9933 | $14.00 | $13.98 | JPMX | |||||
| JSJX | 1,933 | $13.9900 | $13.99 | $13.99 | JSJX | |||||
| LEVL | 300 | $13.9813 | $13.98 | $13.98 | LEVL | |||||
| SGMT | 547 | $14.0000 | $14.00 | $14.00 | SGMT | |||||
| UBSA | 2,149 | $13.9853 | $14.00 | $13.94 | UBSA | |||||
| VFMI | 100 | $13.9750 | $13.98 | $13.98 | VFMI | |||||
| XBOS | 800 | $13.9794 | $14.00 | $13.95 | XBOS | |||||
| XCIS | 100 | $13.9900 | $13.99 | $13.99 | XCIS | |||||
| XNAS | 3,724 | $13.9795 | $14.00 | $13.93 | XNAS | |||||
| XNYS | 4,918 | $13.9862 | $14.00 | $13.93 | XNYS | |||||
| XPSX | 10 | $13.9700 | $13.97 | $13.97 | XPSX | |||||
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 May 30, 2025?
What was the average price paid per share in DEC's latest buyback?
How many shares will DEC have outstanding after this buyback?
What was the price range for DEC's share buyback transaction?
Which trading venue handled the largest portion of DEC's buyback?
