Diversified Energy Announces Proposed Move of Primary Listing to the New York Stock Exchange
Diversified Energy Company PLC (NYSE:DEC) has announced plans to transition its primary listing to the New York Stock Exchange while maintaining a secondary listing on the London Stock Exchange. The strategic move reflects DEC's substantial US business presence, with over 65% of shares held by US investors as of June 30, 2025.
The company's decision aligns with its operational structure, as all assets, employees, and executive management are US-based, with 100% of operating profit derived from US operations. The transition requires shareholder approval through a UK scheme of arrangement, requiring a 75% majority vote, with implementation expected in Q4 2025.
Diversified Energy Company PLC (NYSE:DEC) ha annunciato piani per spostare la sua quotazione principale alla New York Stock Exchange, mantenendo una quotazione secondaria sulla London Stock Exchange. La mossa strategica riflette la sostanziale presenza del business statunitense di DEC, con oltre il 65% delle azioni detenute da investitori statunitensi al 30 giugno 2025.
La decisione dell'azienda è in linea con la sua struttura operativa, poiché tutti gli asset, i dipendenti e il management esecutivo hanno sede negli Stati Uniti, con il 100% dell'utile operativo derivato dalle operazioni statunitensi. Il trasferimento richiede l'approvazione degli azionisti tramite uno schema di accordo nel Regno Unito, che richiede una maggioranza del 75%, con l'implementazione prevista nel quarto trimestre del 2025.
Diversified Energy Company PLC (NYSE:DEC) ha anunciado planes para trasladar su listado principal a la New York Stock Exchange, manteniendo un listado secundario en la London Stock Exchange. El movimiento estratégico refleja la considerable presencia de negocio en Estados Unidos de DEC, con más del 65% de las acciones en manos de inversores estadounidenses al 30 de junio de 2025.
La decisión de la empresa se alinea con su estructura operativa, ya que todos los activos, empleados y la dirección ejecutiva tienen sede en EE. UU., y el 100% de las ganancias operativas provienen de operaciones en EE. UU. El traslado requiere la aprobación de los accionistas mediante un esquema de acuerdo en el Reino Unido, que exige una votación mayoritaria del 75%, con la implementación prevista para el cuarto trimestre de 2025.
Diversified Energy Company PLC (NYSE:DEC)가 주요 상장을 New York Stock Exchange로 이전하고 London Stock Exchange에서의 2차 상장을 유지할 계획을 발표했습니다. 이 전략적 움직임은 DEC의 미국 내 사업 존재가 큰 폭으로 반영된 것으로, 미국 투자자들이 보유한 주식이 2025년 6월 30일 기준 65% 이상입니다.
회사의 결정은 모든 자산, 직원, 임원진이 미국에 기반하고 있으며 운영 이익의 100%가 미국 사업에서 나오는 운영 구조와 일치합니다. 전환은 영국의 합의 제도 체계를 통해 주주 승인을 필요로 하며, 75%의 다수 찬성을 요구하고 2025년 4분기 내에 구현될 예정입니다.
Diversified Energy Company PLC (NYSE:DEC) a annoncé son intention de transférer sa cotation principale à la New York Stock Exchange tout en conservant une cotation secondaire à la London Stock Exchange. Cette démarche stratégique reflète l’importante présence du secteur américain de DEC, avec plus de 65 % des actions détenues par des investisseurs américains au 30 juin 2025.
La décision est alignée sur la structure opérationnelle de l’entreprise, car tous les actifs, les employés et la direction sont basés aux États‑Unis, et 100 % du résultat opérationnel provient des opérations américaines. Le déménagement nécessite l’approbation des actionnaires via un schéma d’accord britannique, qui exige une majorité de 75 %, avec une mise en œuvre prévue au 4e trimestre 2025.
Diversified Energy Company PLC (NYSE:DEC) hat Pläne angekündigt, die Hauptnotierung an die New York Stock Exchange zu verlegen, während eine sekundäre Notierung an der London Stock Exchange beibehalten wird. Die strategische Maßnahme spiegelt die erhebliche Präsenz des US-Geschäfts von DEC wider, wobei am 30. Juni 2025 mehr als 65 % der Aktien von US-Investoren gehalten werden.
Die Entscheidung entspricht der operativen Struktur des Unternehmens, da alle Vermögenswerte, Mitarbeiter und das Führungspersonal in den USA ansässig sind und 100 % des operativen Gewinns aus US-Operationen stammt. Die Verlegung erfordert die Zustimmung der Aktionäre durch ein britisches Schemes of Arrangement, das eine 75 %-ige Mehrheitsabstimmung erfordert, mit der Umsetzung voraussichtlich im vierten Quartal 2025.
Diversified Energy Company PLC (NYSE:DEC) أعلنت عن خطط لنقل قائمتها الرئيسية إلى بورصة نيويورك مع الاحتفاظ بقائمة ثانوية في بورصة لندن. تعكس الخطوة الاستراتيجية وجود DEC الكبير في الولايات المتحدة، حيث كانت أكثر من 65% من الأسهم مملوكة لمستثمرين أمريكيين حتى 30 يونيو 2025.
تتوافق قرارات الشركة مع هيكلها التشغيلي، حيث جميع الأصول والموظفين والإدارة التنفيذية مقيمون في الولايات المتحدة، مع أن 100% من الربح التشغيلي مستمد من العمليات الأمريكية. يتطلب الانتقال موافقة المساهمين من خلال مخطط ترتيب بريطاني، ويتطلب أغلبية بلغت 75%، ومن المتوقع التنفيذ في الربع الرابع من 2025.
Diversified Energy Company PLC（NYSE:DEC）宣布计划将其主要上市地位转移至 纽约证券交易所，同时在 伦敦证券交易所保持次级上市。这一战略举措反映出 DEC 在美国的重大业务存在，截至 2025 年 6 月 30 日，美国投资者持有的股份占比超过 65%。
公司的决定与其运营结构相一致，因为所有资产、员工和执行管理层都在美国，总部也在美国，运营利润的 100% 来自美国业务。此次转变需要通过英国的安排方案获得股东批准，所需投票为 75% 的多数，预计将于 2025 年第四季度实施。
- Enhanced trading liquidity through access to deeper US capital markets
- Increased exposure to US investors and passive investment pools
- Better alignment with business operations as 100% of profit comes from US operations
- Potential inclusion in premier US equity indices and ETFs
- Improved ability to attract and retain US talent through simplified share ownership
- Complex transition process requiring 75% shareholder approval
- Potential disruption during the listing venue change
- May affect UK-based investors' trading preferences
Insights
Diversified Energy's NYSE primary listing move aligns with its US-centric operations and should enhance liquidity and investor access.
Diversified Energy's planned move from the LSE to the NYSE as its primary listing venue represents a strategic realignment that better reflects the company's operational reality. This decision follows a logical progression after the company added a NYSE listing in December 2023 to complement its LSE presence.
The rationale for this move is compelling given that Diversified Energy is essentially a US business in all meaningful aspects - its assets, operations, management, and profit generation are all US-based. With over 65% of shares already held by US investors, this transition acknowledges the company's actual investor base composition.
From a capital markets perspective, this move offers several advantages. US markets typically provide deeper liquidity and broader access to passive investment capital through index inclusion. The NYSE listing may enable Diversified to qualify for inclusion in prominent US indices and ETFs, potentially expanding institutional ownership and supporting share price stability.
For existing non-US shareholders, the maintenance of a secondary LSE listing through the ESICC Category preserves trading access. The scheme of arrangement implementation requires approval from 75% of voted shares, setting a high but achievable threshold considering the current US shareholder majority.
This listing transition aligns with broader industry trends where companies seek to list in markets most aligned with their operational footprint and investor base. For Diversified Energy, whose growth market is exclusively in the US, accessing US capital markets more directly should provide improved fundraising capabilities and potentially reduce the cost of capital over time.
Diversified Will Retain UK Listing on the International Secondary Listing Category
Move Expected to Enhance Trading Liquidity, Increase Visibility with Investors, and Provide Strategic Capital Markets Benefits to Accelerate Growth
BIRMINGHAM, Ala., Sept. 30, 2025 (GLOBE NEWSWIRE) -- Diversified Energy Company PLC (the “Company”) (LSE:DEC, NYSE:DEC) announced today that its Board of Directors, having evaluated the Company’s optimal public company listing venue, intends to move the Company’s primary listing to the New York Stock Exchange (“NYSE”) while retaining a secondary listing on the London Stock Exchange (“LSE”).
Today, the Company is substantially a US business, reporting in US dollars, with all the Company’s operating profit derived from its US operations, which is also the sole growth market for the business. The Company’s executive management team and operational headquarters are based in the US, all of its employees reside in the US and all its assets are located in the US.
Additionally, as of June 30, 2025, over
The Board has been evaluating the optimal primary listing venue for the Company in the context of its business strategy for the benefit of all its stakeholders. In December 2023, the Company undertook an additional listing of its shares on the NYSE to complement its existing LSE listing. At this time, the Board has concluded that the US market is the natural long-term primary listing venue for the Company and that moving to a US primary listing, while retaining a secondary UK listing on the ESICC Category, is in the best interests of its shareholders.
In arriving at this conclusion, the Board considered several factors and potential benefits, including:
- alignment of the primary listing venue with the Company’s business activity, leadership team, and employee base
- increased overall liquidity in the Company’s shares, given access to deeper US capital markets
- increased exposure to US investors through a primary US listing, including additional access to passive investment pools of capital
- expanded Company profile and access to high-quality equity investors
- simplified share ownership for the wider employee base of the Company and expanded access to the recruitment and retention of top US talent
- optimized positioning of the Company for inclusion in premier US equity indices and Exchange Traded Funds
- retention of a secondary listing on the LSE to facilitate trading liquidity for non-US shareholder base
The proposed venue change will be implemented by way of a UK scheme of arrangement which will require a formal vote by shareholders of the Company at a general meeting (“General Meeting”) to be approved by a majority in number of the registered shareholders voting in person or by proxy, representing
Further announcements will be made in due course as the process advances.
For further information, please contact:
| Diversified Energy Company PLC | +1 973 856 2757 |
| Doug Kris | dkris@dgoc.com |
| Senior Vice President, Investor Relations & Corporate Communications | 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 unique 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.
Forward-Looking Statements
This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). These forward-looking statements, which may contain the words "anticipate", "believe", "intend", "estimate", "expect", "may", "will", "seek", "continue", "aim", "target", "projected", "plan", "goal", "achieve", “opportunity” and words of similar meaning, reflect the Company's beliefs and expectations and are based on numerous assumptions regarding the Company's present and future business strategies and the environment the Company will operate in and are subject to risks and uncertainties that may cause actual results to differ materially. 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, statements regarding the reorganization, our transition to reporting as a US domestic filer, the General Meeting and the move of our primary listing to the NYSE and the retention of a secondary listing on the LSE, including the timing for such events, future communications regarding such events, their benefits and impact, descriptions of anticipated future liquidity and access to capital, and the inclusion of our equity securities in certain US equity indices or exchange traded funds. No representation is made that any of these statements or forecasts will be achieved. The reorganization and move to a primary listing may not be realized on the terms described in this release or at all. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond the Company's ability to control or estimate precisely, including risks relating to the proposed reorganization, including the requirements for shareholder and court approvals, the move to a US primary listing, the Company’s transition to reporting as a US domestic filer, the potential that anticipated benefits such as enhanced liquidity, index eligibility and broader investor access may not be realized, as well as the risk factors described in the "Risk Factors" section in the Company's Annual Report and Form 20-F for the year ended December 31, 2024, filed with the SEC, and also including other important factors that could cause actual results to differ materially from those projected. Forward-looking statements speak only as of their date and neither the Company nor any of its directors, officers, employees, agents, affiliates or advisers expressly disclaim any obligation to supplement, amend, update or revise any of the forward-looking statements made herein, except where it would be required to do so under applicable law. As a result, you are cautioned not to place undue reliance on such forward-looking statements.
FAQ
When will Diversified Energy (NYSE:DEC) complete its move to the NYSE as primary listing?
What percentage of Diversified Energy shareholders are US-based?
What shareholder approval is needed for DEC's NYSE primary listing transition?
Will Diversified Energy maintain its London Stock Exchange listing?
How will DEC's NYSE primary listing benefit the company?
