13 February 2024
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 programme announced on 27 June 2023, the Company
has purchased 24,000 ordinary shares of 20 pence each in the
capital of the Company (the "Shares") in the market at a volume
weighted average price of 906.15 pence per Share through Stifel
Nicolaus Europe Limited ("Stifel"). The Shares acquired will, in
due course, be cancelled.
Aggregated Information
Date of Purchase:
|
12
February 2024
|
Aggregate Number of Ordinary Shares
Purchased:
|
24,000
|
Lowest Price Paid per Share
(pence):
|
897.50
|
Highest Price Paid per Share
(pence):
|
909.50
|
Volume-Weighted Average Price Paid
per Share (pence):
|
906.15
|
Following the cancellation of
Shares, Diversified will have 47,733,226
ordinary shares of 20 pence each in issue and no ordinary shares
are held in treasury. This figure of 47,733,226 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 Stifel as part of the
buyback programme.
Schedule of Purchases
Shares purchased:
|
Diversified Energy Company plc
(ISIN: GB00BQHP5P93)
|
Dates of purchases:
|
12 February 2024
|
Investment firm:
|
Stifel Nicolaus Europe
Limited
|
Transaction date and
time
|
Number of shares
purchased
|
Transaction price (pence per
share)
|
Trading
venue
|
12
February 2024, 02:38 PM
|
500
|
898.00
|
LSE
|
12
February 2024, 02:40 PM
|
1,000
|
901.00
|
LSE
|
12
February 2024, 02:46 PM
|
1,000
|
905.00
|
LSE
|
12
February 2024, 03:02 PM
|
1,000
|
900.00
|
LSE
|
12
February 2024, 03:09 PM
|
1,000
|
897.50
|
LSE
|
12
February 2024, 03:35 PM
|
1,500
|
905.00
|
LSE
|
12
February 2024, 04:06 PM
|
3,000
|
905.00
|
LSE
|
12
February 2024, 04:26 PM
|
2,500
|
907.50
|
LSE
|
12
February 2024, 04:28 PM
|
5,000
|
909.50
|
LSE
|
12
February 2024, 04:35 PM
|
7,500
|
907.50
|
LSE
|
For further information, please
contact:
About Diversified Energy Company PLC
Diversified is a leading independent
energy company focused on producing, marketing, transporting, and
retiring primarily natural gas and liquids assets. Our
differentiated strategy provides the solution for existing
long-life assets that have become non-core to traditional
exploration companies. We acquire and then invest in each asset to
improve environmental and production performance and ultimately
retire the wells in a safe and environmentally secure process. This
stewardship approach makes us the Right Company at the Right Time,
enabling us to responsibly produce energy, deliver reliable free
cash flow, and generate shareholder value.