Transaction in Own Shares
Rhea-AI Summary
Diversified Energy Company PLC (LSE: DEC) has executed a share buyback program on April 8, 2025, purchasing 53,146 ordinary shares at a volume-weighted average price of 877.23 pence per share through Peel Hunt LLP. The share prices during the buyback ranged from 862.00 pence (lowest) to 898.75 pence (highest).
Following the cancellation of these shares, Diversified will have 80,638,862 ordinary shares in issue. The transactions were conducted across multiple trades throughout the day on the London Stock Exchange (XLON), with the largest single purchases being 15,000 shares at 877.00 pence and 10,000 shares at 885.00 pence.
Positive
- Share buyback program indicates strong cash position and commitment to returning value to shareholders
- Multiple large block purchases (15,000 and 10,000 shares) suggest strong buying conviction
Negative
- Share cancellation will slightly reduce the company's public float
News Market Reaction 1 Alert
On the day this news was published, DEC gained 8.18%, reflecting a notable 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 53,146 Ordinary Shares of 20 pence each in the capital of the Company (the "Shares") in the market at a volume-weighted average price of 877.23 pence per Share through Peel Hunt LLP ("Peel Hunt"). The Shares acquired will, in due course, be cancelled.
Aggregated Information
| Date of Purchase | 08 April 2025 |
| Aggregate Number of Ordinary Shares Purchased: | 53,146 |
| Lowest Price Paid per Share (pence): | 862.00 |
| Highest Price Paid per Share (pence): | 898.75 |
| Volume-Weighted Average Price Paid per Share (pence): | 877.23 |
Following the cancellation of Shares, Diversified will have 80,638,862 Ordinary Shares of 20 pence each in issue and no Ordinary Shares are held in treasury. This figure of 80,638,862 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 Peel Hunt as part of the buyback program.
Schedule of Purchases
| Shares purchased: | DIVERSIFIED ENERGY COMPANY PLC (ISIN: GB00BQHP5P93) |
| Dates of purchases: | 08 April 2025 |
| Investment firm: | Peel Hunt LLP |
| Number of shares purchased | Transaction price (GBP per share) | Trading venue | Transaction date and time | Trade ID |
| 5,000 | 877.00 | XLON | 08:49:09 | 00175457304TRLO0 |
| 5,000 | 883.00 | XLON | 13:00:30 | 00175494917TRLO0 |
| 3,399 | 897.00 | XLON | 14:21:27 | 00175506385TRLO0 |
| 1,509 | 898.75 | XLON | 14:58:05 | 00175518470TRLO0 |
| 10,000 | 885.00 | XLON | 16:05:59 | 00175533135TRLO0 |
| 15,000 | 877.00 | XLON | 16:13:20 | 00175534971TRLO0 |
| 960 | 862.00 | XLON | 16:35:16 | 00175541091TRLO0 |
| 214 | 862.00 | XLON | 16:35:16 | 00175541092TRLO0 |
| 89 | 862.00 | XLON | 16:35:16 | 00175541093TRLO0 |
| 156 | 862.00 | XLON | 16:35:16 | 00175541094TRLO0 |
| 293 | 862.00 | XLON | 16:35:16 | 00175541095TRLO0 |
| 723 | 862.00 | XLON | 16:35:16 | 00175541097TRLO0 |
| 381 | 862.00 | XLON | 16:35:16 | 00175541098TRLO0 |
| 1,249 | 862.00 | XLON | 16:35:16 | 00175541099TRLO0 |
| 253 | 862.00 | XLON | 16:35:16 | 00175541101TRLO0 |
| 777 | 862.00 | XLON | 16:35:16 | 00175541102TRLO0 |
| 712 | 862.00 | XLON | 16:35:16 | 00175541103TRLO0 |
| 508 | 862.00 | XLON | 16:35:16 | 00175541104TRLO0 |
| 1,476 | 862.00 | XLON | 16:35:16 | 00175541105TRLO0 |
| 29 | 862.00 | XLON | 16:35:16 | 00175541106TRLO0 |
| 821 | 862.00 | XLON | 16:35:16 | 00175541107TRLO0 |
| 244 | 862.00 | XLON | 16:35:16 | 00175541108TRLO0 |
| 362 | 862.00 | XLON | 16:35:16 | 00175541109TRLO0 |
| 60 | 862.00 | XLON | 16:35:16 | 00175541110TRLO0 |
| 950 | 862.00 | XLON | 16:35:16 | 00175541113TRLO0 |
| 201 | 862.00 | XLON | 16:35:16 | 00175541114TRLO0 |
| 2,291 | 862.00 | XLON | 16:35:16 | 00175541115TRLO0 |
| 246 | 862.00 | XLON | 16:35:16 | 00175541116TRLO0 |
| 165 | 862.00 | XLON | 16:35:16 | 00175541117TRLO0 |
| 78 | 862.00 | XLON | 16:35:16 | 00175541118TRLO0 |
| 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 DEC purchase in its April 8, 2025 buyback program?
What is the price range of DEC's share buyback on April 8, 2025?
How many outstanding shares will DEC have after this buyback?
What was the largest single trade in DEC's April 8 buyback?
