Diversified Energy Company PLC Diversified Responds to Share Price Movement (7452A)
24 Enero 2024 - 1:00AM
UK Regulatory
TIDMDEC
RNS Number : 7452A
Diversified Energy Company PLC
24 January 2024
January 24, 2024
Diversified Energy Company PLC
("Diversified" or the "Company")
Diversified Responds to Share Price Movement
Diversified Energy Company PLC (LSE: DEC; NYSE: DEC) is
providing an update regarding the recent movement in the Company's
share price. The Company and Board of Directors are aware of the
recent opportunistic report published by a short seller which
repeats previously stated claims that the Company has already
transparently and proactively addressed with investors and other
stakeholders. This report contains numerous inaccuracies, ignores
specific financial and operational results and sustainability
actions, and is designed for the sole purpose of negatively
impacting the Company's share price for the short seller's own
benefit.
The Company continues to focus on delivering long-term
shareholder value, prioritization of outstanding debt reduction,
and evaluating strategic growth and accretive value-additive
opportunities. As previously announced, the Company plans to
provide its year-end trading statement by January 31(st) .
Diversified is an important part of the solution amid the energy
transition to consolidate, and retire existing U.S. energy
infrastructure assets, drive economic growth and deliver emission
reductions, and remains committed to the responsible ownership and
operation of our assets.
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 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.
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