End of Stabilisation Notice
Diversified Energy Company PLC (DEC) has announced the completion of its stabilisation period for its secondary offering in the United States. The offering consisted of 5,713,353 ordinary shares at a price of US$13.75 per share. Notably, the over-allotment option for an additional 857,002 ordinary shares (15% of the total offering) was exercised, bringing the total offering size to 6,570,355 shares.
Mizuho Securities USA LLC, acting as the Stabilising Manager, reported that no stabilisation activities were undertaken during the period. The offering was specifically directed at qualified investors in the UK and European Economic Area, with certain restrictions for other jurisdictions including Australia, Japan, and South Africa.
Diversified Energy Company PLC (DEC) ha annunciato il completamento del periodo di stabilizzazione per l'offerta secondaria negli Stati Uniti. L'offerta è stata di 5.713.353 azioni ordinarie al prezzo di US$13,75 per azione. In particolare, è stata esercitata l'opzione di over-allotment per ulteriori 857.002 azioni ordinarie (15% del totale dell'offerta), portando la dimensione totale dell'offerta a 6.570.355 azioni.
Mizuho Securities USA LLC, in qualità di Stabilising Manager, ha riferito che non sono state intraprese attività di stabilizzazione durante il periodo. L'offerta è stata rivolta specificamente a investitori qualificati nel Regno Unito e nell'Area Economica Europea, con determinate restrizioni per altre giurisdizioni, tra cui Australia, Giappone e Sudafrica.
Diversified Energy Company PLC (DEC) ha anunciado la finalización de su periodo de estabilización para su oferta secundaria en Estados Unidos. La oferta consistió en 5.713.353 acciones ordinarias a un precio de US$13,75 por acción. Cabe señalar que se ejerció la opción de sobreasignación para 857.002 acciones ordinarias adicionales (15% del total de la oferta), elevando el tamaño total de la oferta a 6.570.355 acciones.
Mizuho Securities USA LLC, actuando como Stabilising Manager, informó que no se realizaron actividades de estabilización durante el periodo. La oferta estuvo dirigida específicamente a inversores cualificados en el Reino Unido y en el Espacio Económico Europeo, con ciertas restricciones para otras jurisdicciones, incluyendo Australia, Japón y Sudáfrica.
Diversified Energy Company PLC (DEC)는 미국에서의 2차 공모의 안정화 기간이 완료되었음을 발표했습니다. 공모는 5,713,353 주의 보통주를 주당 US$13.75에 발행하였습니다. 특히 총 공모의 15%에 해당하는 추가 857,002 주의 보통주에 대한 초과배정 옵션이 행사되어 총 공모 규모가 6,570,355 주로 증가했습니다.
Stabilising Manager로서의 역할을 수행한 Mizuho Securities USA LLC는 기간 동안 어떠한 안정화 활동도 이루어지지 않았다고 보고했습니다. 본 공모는 영국과 유럽경제지역의 자격 투자자를 대상으로 구체적으로 진행되었으며, 호주, 일본, 남아프리카 공화국을 포함한 기타 관할권에 대해 특정 제한이 있습니다.
Diversified Energy Company PLC (DEC) a annoncé l'achèvement de sa période de stabilisation pour son offre secondaire aux États-Unis. L'offre consistait en 5 713 353 actions ordinaires au prix de US$13,75 par action. Notamment, l'option de stabilisation pour 857 002 actions ordinaires supplémentaires (15% du total de l'offre) a été exercée, portant la taille totale de l'offre à 6 570 355 actions.
Mizuho Securities USA LLC, agissant en tant que Stabilising Manager, a indiqué qu'aucune activité de stabilisation n'a été réalisée pendant la période. L'offre était spécifiquement destinée aux investisseurs qualifiés au Royaume-Uni et dans l'Espace économique européen, avec certaines restrictions pour d'autres juridictions, notamment l'Australie, le Japon et l'Afrique du Sud.
Diversified Energy Company PLC (DEC) hat den Abschluss der Stabilisierungsepoche für das US-Sekundärangebot bekannt gegeben. Das Angebot umfasste 5.713.353 Stammaktien zu einem Preis von US$13,75 pro Aktie. Bemerkenswert ist, dass die Überzeichnungsoption für zusätzlich 857.002 Stammaktien (15% des Gesamtangebots) ausgeübt wurde, wodurch die Gesamtsize des Angebots auf 6.570.355 Aktien anwuchs.
Mizuho Securities USA LLC, der Stabilizing Manager, berichtete, dass während des Zeitraums keine Stabilisierungstätigkeiten vorgenommen wurden. Das Angebot richtete sich ausdrücklich an qualifizierte Investoren im Vereinigten Königreich und im Europäischen Wirtschaftsraum, mit bestimmten Beschränkungen für andere Rechtsgebiete einschließlich Australien, Japan und Südafrika.
Diversified Energy Company PLC (DEC) أعلنت عن اكتمال فترة الاستقرار لعرضها الثانوي في الولايات المتحدة. تضمن العرض 5,713,353 سهماً عاديًا بسعر US$13.75 للسهم الواحد. ومن الجدير بالذكر أن خيار التخصيص الإضافي لسهمين إضافيين 857,002 سهماً عاديًا (نحو 15% من إجمالي العرض) قد تم ممارسته، مما رفع حجم العرض الإجمالي إلى 6,570,355 سهماً.
أبلغت شركة Mizuho Securities USA LLC، بصفتها Stabilising Manager، أنه لم يتم اتخاذ أية أنشطة استقرار خلال هذه الفترة. كان العرض موجهاً تحديداً إلى المستثمرين المؤهلين في المملكة المتحدة ومنطقة الاقتصاد الأوروبي، مع قيود معينة لولايات قضائية أخرى بما في ذلك أستراليا واليابان وجنوب أفريقيا.
Diversified Energy Company PLC (DEC) 宣布其在美国进行的二次公开发行稳定期已完成。此次发行包括 5,713,353 股普通股，每股价格为 US$13.75。值得注意的是，对额外 857,002 股普通股的超额配售权被行使，占总发行量的 15%，因此最终发行规模扩大至 6,570,355 股。
作为 Stabilising Manager 的 Mizuho Securities USA LLC 报告称在此期间没有进行任何稳定操作。此次发行专门面向英国和欧洲经济区的合格投资者，其他司法辖区（包括澳大利亚、日本、南非）有一定限制。
- None.
- Secondary offering may result in dilution for existing shareholders
- Geographic restrictions limit the potential investor base
Insights
Diversified Energy's underwriters exercised their 15% over-allotment option, indicating strong demand for the company's secondary offering.
Diversified Energy Company has completed its secondary offering in the US with the exercise of the over-allotment option, suggesting robust investor demand for its shares. The stabilization period has ended with no stabilization activities needed, which typically indicates the offering was well-received by the market.
The full offering consisted of 5,713,353 ordinary shares, with an additional 857,002 shares (15% of the base offering) sold through the over-allotment option, bringing the total to 6,570,355 shares. All shares were priced at
The fact that Mizuho Securities USA, the stabilizing manager, didn't need to conduct any market stabilization activities is particularly noteworthy. When underwriters don't need to intervene to support the share price post-offering, it typically signals that natural market demand was sufficient to absorb the newly issued shares without significant price pressure.
This secondary offering represents a liquidity event for existing shareholders rather than capital raising for the company itself, as indicated by the description as a "secondary offering." The successful placement and exercise of the over-allotment option suggest institutional investors have a positive outlook on Diversified Energy's value proposition.
Neither this announcement, nor anything contained herein, shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not subscribe for or purchase any shares referred to in this announcement.
September 19, 2025
Diversified Energy Company PLC
(“Diversified” or the "Company")
End of Stabilisation Notice
Further to the pre-stabilisation period announcement dated 17 September, 2025, Mizuho Securities USA LLC (Contact: James Watts (+1 (212) 205-7603)) hereby gives notice that (i) the Stabilising Manager named below and its affiliates did not undertake any stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014), including as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018) in relation to the securities identified below; (ii) the stabilisation period ends with immediate effect; and (iii) the over-allotment option for 857,002 ordinary shares (representing
| The securities: | |
| Issuer: | Diversified Energy Company PLC (the "Company") |
| Securities: | Ordinary Shares with a par value of |
| ISIN: | GB00BQHP5P93 |
| Offering size: | 5,713,353 Ordinary Shares (6,570,355 Ordinary Shares including the over-allotment option) |
| Description: | An underwritten secondary offering in the United States of up to 5,713,353 ordinary shares |
| Offer price: | US |
| Stabilisation: | |
| Stabilising manager: | Mizuho Securities USA LLC of 1271 Avenue of the Americas, New York, New York 10020 |
Important Notice to UK and EU Investors
This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Company in any jurisdiction in which such an offer or solicitation is unlawful. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.
This announcement is addressed to and directed at persons who: (A) if in Member States of the European Economic Area ("Member States"), are "qualified investors" within the meaning of Article 2(e) of the Prospectus Regulation (EU) 2017/1129 (as amended) ("Qualified Investors"); and (B) if in the United Kingdom, are "qualified investors" within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (as amended) as it forms part of retained EU law by virtue of the European Union (Withdrawal) Act 2018 who are: (i) persons who have professional experience in matters relating to investments falling within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"); or (ii) high net worth bodies corporate, unincorporated associations and partnerships or the trustees of high value trusts falling within Article 49(2)(a) to (d) of the Order; or (C) are other persons to whom it may otherwise lawfully be communicated (all such persons referred to in (B) and (C) together being "Relevant Persons"). This announcement must not be acted or relied on: (i) in the United Kingdom, by persons who are not Relevant Persons; and (ii) in any Member State by persons who are not Qualified Investors. Any investment activity to which this announcement relates: (i) in the United Kingdom is available only to, and may be engaged only with, Relevant Persons; and (ii) in any Member State is available only to, and may be engaged only with, Qualified Investors.
This announcement is not for release, publication or distribution, directly or indirectly, in or into the Australia any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for, or otherwise invest in, securities, to any person in any jurisdiction to whom or in which such offer or solicitation is unlawful.
There will be no public offer of the securities referred to herein in Australia, Japan or South Africa. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Japan or South Africa or to, or for the account or benefit of, any national, resident or citizen of Australia Japan or South Africa.
FAQ
What was the total size of Diversified Energy's (DEC) secondary offering including the over-allotment?
What was the price per share for DEC's secondary offering?
Did Diversified Energy's stabilisation manager conduct any stabilisation activities?
Who was eligible to participate in DEC's secondary offering?
What was the size of the over-allotment option in DEC's offering?
