Transaction in Own Shares
Rhea-AI Summary
Diversified Energy Company PLC (LSE: DEC) has executed a share buyback program, purchasing 42,176 ordinary shares at a volume weighted average price of 1,039.49 pence per share through Peel Hunt LLP. The acquired shares will be cancelled, reducing the total number of ordinary shares to 80,893,837.
This transaction is part of the company's share buyback program announced on March 20, 2025. The updated share count will serve as the denominator for shareholders' interest calculations under the FCA's Disclosure Guidance and Transparency Rules.
Positive
- Share buyback program reduces share count, potentially increasing value per share
- No shares held in treasury indicates efficient capital return to shareholders
Negative
- Capital expenditure on share buyback reduces available cash for operations or growth
News Market Reaction 1 Alert
On the day this news was published, DEC gained 2.20%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
DIVERSIFIED ENERGY COMPANY PLC
("Diversified", or the "Company")
Transaction in Own Shares
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 42,176 Ordinary Shares of 20 pence each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 1,039.49 pence per Share through Peel Hunt LLP ("Peel Hunt"). The Shares acquired will, in due course, be cancelled.
Aggregated Information
| Date of Purchase | 25 March 2025 |
| Aggregate Number of Ordinary Shares Purchased: | 42,176 |
| Lowest Price Paid per Share (pence): | 1,030.00 |
| Highest Price Paid per Share (pence): | 1,048.00 |
| Volume-Weighted Average Price Paid per Share (pence): | 1,039.49 |
Following the cancellation of Shares, Diversified will have 80,893,837 Ordinary Shares of 20 pence each in issue and no Ordinary Shares are held in treasury. This figure of 80,893,837 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: | 25 March 2025 |
| Investment firm: | Peel Hunt LLP |
| Number of shares purchased | Transaction price (GBP per share) | Trading venue | Transaction date and time | Trade ID |
| 15,000 | 10.48 | XLON | 11:48:49 | 00174658554TRLO0-1 |
| 9,676 | 10.37 | XLON | 13:57:09 | 00174669275TRLO0-1 |
| 12,500 | 10.35 | XLON | 14:02:12 | 00174669928TRLO0-1 |
| 116 | 10.30 | CHIX | 14:30:18 | 00174672645TRLO0-1 |
| 240 | 10.30 | CHIX | 14:30:18 | 00174672646TRLO0-1 |
| 3,501 | 10.30 | CHIX | 14:30:18 | 00174672647TRLO0-1 |
| 100 | 10.30 | CHIX | 14:30:18 | 00174672648TRLO0-1 |
| 50 | 10.30 | CHIX | 14:30:18 | 00174672649TRLO0-1 |
| 993 | 10.30 | CHIX | 14:30:18 | 00174672650TRLO0-1 |
For further information, please contact:
| Diversified Energy Company PLC | +1 973 856 2757 |
| Doug Kris | dkris@dgoc.com |
| www.div.energy | |
| FTI Consulting | dec@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 transaction?
What is the new total share count for DEC after the March 2025 buyback?
When was DEC's share buyback program announced?
What will happen to the shares DEC purchased in this buyback?
