Transaction in Own Shares
- Company demonstrates confidence in its stock value through share buyback program
- Share buyback reduces total shares outstanding, potentially increasing earnings per share
- Buyback executed at relatively tight price range ($12.69-$13.00), showing price stability
- Reduction in company's cash position to fund the share buyback
- Decreased market float could potentially reduce stock liquidity
Insights
Diversified Energy's modest share buyback of 78,427 shares (0.1% of outstanding) continues their previously announced program with minimal immediate financial impact.
Diversified Energy has executed another phase of its share buyback program announced on March 20, purchasing
Following the cancellation of these repurchased shares, the company will have 79,718,862 ordinary shares outstanding. This transaction continues the systematic implementation of the company's previously announced capital allocation strategy rather than representing a new initiative.
While share buybacks generally serve multiple financial purposes - including enhancing earnings per share by reducing the denominator in the EPS calculation and signaling management's confidence - the modest size of this particular repurchase means its immediate impact on key financial metrics will be minimal.
The detailed transaction data provided in the release shows the purchases were executed across multiple trading venues with prices ranging from
This announcement primarily serves as a disclosure requirement under market regulations, providing transparency to shareholders about the company's ongoing capital management activities rather than signaling a significant shift in financial strategy.
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 78,427 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: | 7 May 2025 |
| Aggregate Number of Ordinary Shares Purchased: | 78,427 |
| Lowest Price Paid per Share (USD): | 12.69 |
| Highest Price Paid per Share (USD): | 13.0000 |
| Volume-Weighted Average Price Paid per Share (USD): | 12.9117 |
Following the cancellation of Shares, Diversified will have 79,718,862 Ordinary Shares of 20 Pence each in issue and no Ordinary Shares are held in treasury. This figure of 79,718,862 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: | 7 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 | |||||
| 8,994 | ARCX | ||||||||
| 710 | ASPN | ||||||||
| 496 | BAML | ||||||||
| 300 | BARX | ||||||||
| 520 | BATS | ||||||||
| 1,571 | BATY | ||||||||
| 1,100 | EDGA | ||||||||
| 2,251 | EDGX | ||||||||
| 1,200 | HRTF | ||||||||
| 400 | ICBX | ||||||||
| 32,746 | IEXG | ||||||||
| 10 | ITGI | ||||||||
| 58 | JPMX | ||||||||
| 136 | JSJX | ||||||||
| 318 | MEMX | ||||||||
| 105 | SGMT | ||||||||
| 500 | TRCX | ||||||||
| 1,377 | UBSA | ||||||||
| 1,580 | XBOS | ||||||||
| 300 | XCIS | ||||||||
| 11,271 | XNAS | ||||||||
| 12,484 | 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 May 7, 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 May 7, 2025?
Which broker executed DEC's share buyback program?
