Transaction in Own Shares
- Company demonstrates confidence in its value through share buyback program
- Share cancellation will reduce total shares outstanding, potentially increasing EPS
- Strategic execution across multiple trading venues ensures efficient price discovery
- Reduction in cash reserves due to share buyback expenditure of approximately $444,726
Insights
DEC continues its share buyback program, purchasing 31,898 shares at $13.94 average, reducing total outstanding shares to 78.67M.
Diversified Energy Company PLC has continued executing its previously announced share buyback program, purchasing 31,898 ordinary shares at a volume-weighted average price of
The purchased shares will be cancelled, which reduces the company's total outstanding shares to 78,672,415 from the previous count. This
Share buybacks generally produce several financial effects: they reduce the number of outstanding shares (improving metrics like earnings per share), signal management's confidence in the company's intrinsic value, and provide an alternative method of returning capital to shareholders beyond dividends. The company likely views its shares as attractively valued at current market prices.
For context, this transaction was executed across multiple trading venues with purchase prices ranging from
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 31,898 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: | 5 June 2025 |
| Aggregate Number of Ordinary Shares Purchased: | 31,898 |
| Lowest Price Paid per Share (USD): | 13.855 |
| Highest Price Paid per Share (USD): | 14.00 |
| Volume-Weighted Average Price Paid per Share (USD): | 13.9421 |
Following the cancellation of Shares, Diversified will have 78,672,415 Ordinary Shares of 20 Pence each in issue and no Ordinary Shares are held in treasury. This figure of 78,672,415 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: | 5 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 | ||
| 1,669 | $13.9092 | $13.94 | $13.88 | ARCX | ||
| 535 | $14.0000 | $14.00 | $14.00 | ASPN | ||
| 1,266 | $13.9907 | $14.00 | $13.97 | BATS | ||
| 200 | $13.9950 | $14.00 | $13.99 | BATY | ||
| 600 | $13.9650 | $13.97 | $13.97 | BIDS | ||
| 100 | $13.9600 | $13.96 | $13.96 | EDGA | ||
| 1,171 | $13.9576 | $14.00 | $13.90 | EDGX | ||
| 300 | $13.9800 | $13.98 | $13.98 | HRTF | ||
| 18,749 | $13.9378 | $14.00 | $13.86 | IEXG | ||
| 100 | $13.9800 | $13.98 | $13.98 | JPMX | ||
| 1,341 | $13.9500 | $14.00 | $13.89 | UBSA | ||
| 10 | $13.9800 | $13.98 | $13.98 | VFMI | ||
| 200 | $13.9767 | $13.98 | $13.97 | XBOS | ||
| 4,096 | $13.9244 | $14.00 | $13.86 | XNAS | ||
| 1,561 | $13.9484 | $14.00 | $13.90 | XNYS | ||
| Trading venue | Currency | Volume Weighted Average Price | Aggregated volume | |||
| NYSE | USD | $13.9421 | 31,898 | |||
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 June 5, 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 on June 5, 2025?
When did Diversified Energy announce this buyback program?
