Diversified Energy Company PLC Q2 2023 Dividend Exchange Rate (0294X)
15 Diciembre 2023 - 10:31AM
UK Regulatory
TIDMDEC
RNS Number : 0294X
Diversified Energy Company PLC
15 December 2023
15 December 2023
DIVERSIFIED ENERGY COMPANY PLC
(the "Company")
Q2 2023 Dividend Exchange Rate
Diversified Energy Company PLC (LSE: DEC) announced, on 1
September 2023, an interim dividend in respect of the second
quarter ended 30 June 2023 of 4.375 cents per share of GBP0.01 each
("Q2 2023 Dividend"). This per share amount reflects the record
date for the dividend occurring prior to the 20 for 1 share
consolidation on Tuesday, 5 December 2023 (the "Consolidation"). As
previously announced, the Company intends to pay the Q2 2023
Dividend on 29 December 2023 to those shareholders on the register
on 1 December 2023.
The Company announces that shareholders who have elected to
receive Q2 2023 Dividend in GBP sterling will receive an equivalent
payment of 3.42 pence per share, based on the 14 December 2023
exchange rate of GBP 0.78185=US $1.00.
Beginning with the Q3 2023 dividend payment as announced on 15
November 2023, the per share dividend will be reflected on a
post-Consolidation basis.
Illustrative Dividend Payment Example:
The illustrative Q3 2023 dividend payment example provides
shareholders with a calculation for how the Q3 2023 Dividend
payment will be adjusted for ordinary shares of GBP0.20 each as of
the record date.
Pre-Consolidation : 100 shares x $0.04375 (declared dividend) =
$4.375 (total shareholder payment)
Post-Consolidation : 5 shares x $0.875 (adjusted declared
dividend) = $4.375 (total shareholder payment)
For further information, please contact:
Diversified Energy Company
PLC +1 973 856 2757
Doug Kris d kris@dgoc.com
www.div.energy
FTI Consulting dec@fticonsulting.com
US & UK Financial Public
Relations
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.
Forward-looking statements
This announcement includes forward-looking statements. These
forward-looking statements involve known and unknown risks and
uncertainties, many of which are beyond the Company's control and
all of which are based on management's current beliefs and
expectations about future events. Forward-looking statements are
sometimes identified by the use of forward-looking terminology such
as "believe", "expects", "targets", "may", "will", "could",
"should", "shall", "risk", "intends", "estimates", "aims", "plans",
"predicts", "continues", "assumes", "positioned" or "anticipates"
or the negative thereof, other variations thereon or comparable
terminology. These forward-looking statements include all matters
that are not historical facts. They appear in a number of places
throughout this announcement and include statements regarding the
intentions, beliefs or current expectations of management or the
Company concerning, among other things, the results of operations,
financial condition, prospects, growth, strategies and dividend
policy of the Company and the industry in which it operates.
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END
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December 15, 2023 11:31 ET (16:31 GMT)
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