Transaction in Own Shares
Rhea-AI Summary
Diversified Energy Company (LSE: DEC) (NYSE: DEC) has executed a share buyback program, purchasing 12,000 Ordinary Shares at a volume weighted average price of 1,043.48p per share through Peel Hunt LLP. The acquired shares will be cancelled.
Following the cancellation, Diversified will have 80,973,155 Ordinary Shares outstanding, with no shares held in treasury. This figure serves as the denominator for shareholders' interest calculations under FCA's Disclosure Guidance and Transparency Rules.
Diversified Energy operates as a publicly traded energy company specializing in natural gas and liquids production, transport, marketing, and well retirement, focusing on acquiring existing long-life assets and improving their environmental and operational performance.
Positive
- Share buyback program indicates strong cash position and commitment to shareholder value
- Reduction in share count could potentially increase earnings per share
Negative
- Cash outflow for share buyback reduces available capital for operations or growth
News Market Reaction 1 Alert
On the day this news was published, DEC gained 0.53%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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 12,000 Ordinary Shares of 20p each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 1,043.48p per Share through Peel Hunt LLP ("Peel Hunt"). The Shares acquired will, in due course, be cancelled.
Aggregated Information
| Date of Purchase | 21 March 2025 |
| Aggregate Number of Ordinary Shares Purchased: | 12,000 |
| Lowest Price Paid per Share (pence): | 1,043.00 |
| Highest Price Paid per Share (pence): | 1,044.00 |
| Volume-Weighted Average Price Paid per Share (pence): | 1,043.48 |
Following the cancellation of Shares, Diversified will have 80,973,155 Ordinary Shares of 20p each in issue and no Ordinary Shares are held in treasury. This figure of 80,973,155 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: | 21 March 2025 |
| Investment firm: | Peel Hunt LLP |
| Number of shares purchased | Transaction price (pence per share) | Trading venue | Transaction date and time | Trade ID |
| 1,000 | 10.44 | XLON | 14:28:33 | 00174563544TRLO0-1 |
| 4,731 | 10.44 | XLON | 15:09:42 | 00174568040TRLO0-1 |
| 6,269 | 10.43 | XLON | 15:50:14 | 00174572553TRLO0-1 |
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 recent buyback program?
What is the total number of outstanding shares for DEC after the March 2025 buyback?
What is the purpose of DEC's share buyback program announced in March 2025?
How will the March 2025 share buyback affect DEC's treasury holdings?
