TIDMDEC

RNS Number : 8485X

Diversified Energy Company PLC

27 December 2023

27 December 2023

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 27 June 2023, the Company has purchased 15,000 ordinary shares of 20 pence each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 1080.50 pence per Share through Stifel Nicolaus Europe Limited ("Stifel"). The Shares acquired will, in due course, be cancelled.

Aggregated Information

 
                                                        22 December 
Date of Purchase:                                           2023 
Aggregate Number of Ordinary Shares Purchased:            15,000 
Lowest Price Paid per Share (pence):                      1075.00 
Highest Price Paid per Share (pence):                     1085.00 
Volume-Weighted Average Price Paid per Share (pence):     1080.50

Following the cancellation of Shares, Diversified will have 47,923,726 ordinary shares of 20 pence each in issue and no ordinary shares are held in treasury. This figure of 47,923,726 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 program.

Schedule of Purchases

 
 Shares purchased:     Diversified Energy Company plc (ISIN: GB00BYX7JT74) 
 Dates of purchases:   22 December 2023 
 Investment firm:      Stifel Nicolaus Europe Limited 
 
 
  Transaction date    Number of shares   Transaction price    Trading 
      and time            purchased       (pence per share)    venue 
 22 December 2023, 
      10:21 AM              2,500             1075.00           LSE 
                     -----------------  -------------------  -------- 
 22 December 2023, 
      11:07 AM              2,500             1077.00           LSE 
                     -----------------  -------------------  -------- 
 22 December 2023, 
      11:41 AM              1,500             1085.00           LSE 
                     -----------------  -------------------  -------- 
 22 December 2023, 
      11:57 AM              2,000             1085.00           LSE 
                     -----------------  -------------------  -------- 
 22 December 2023, 
      12:05 PM              1,500             1081.50           LSE 
                     -----------------  -------------------  -------- 
 22 December 2023, 
      12:06 PM              1,000             1082.00           LSE 
                     -----------------  -------------------  -------- 
 22 December 2023, 
      12:07 PM              1,400             1082.00           LSE 
                     -----------------  -------------------  -------- 
 22 December 2023, 
      12:17 PM              1,000             1082.00           LSE 
                     -----------------  -------------------  -------- 
 22 December 2023, 
      12:19 PM               447              1082.00           LSE 
                     -----------------  -------------------  -------- 
 22 December 2023, 
      12:24 PM              1,153             1080.00           LSE 
                     -----------------  -------------------  --------

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 
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.

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END

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December 27, 2023 02:00 ET (07:00 GMT)

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