Results of Annual General Meeting
Diversified Energy Company (LSE: DEC, NYSE: DEC) held its Annual General Meeting on April 9, 2025, where shareholders approved all 20 resolutions with significant majorities. The meeting included key decisions such as the approval of the Final Dividend, re-appointment of Auditor, and various board re-elections.
Notable outcomes include the Director's Remuneration Policy passing with 79% approval, reflecting alignment with US-based compensation practices and shareholder value creation. The Board acknowledged the strong shareholder support and committed to continued stakeholder engagement, with an update promised within six months of the 2025 AGM.
Other significant approvals included authorities for share allotment, political donations, amendments to the 2017 Equity Incentive Plan, and share repurchase programs.
Diversified Energy Company (LSE: DEC, NYSE: DEC) ha tenuto la sua Assemblea Generale Annuale il 9 aprile 2025, dove gli azionisti hanno approvato tutte le 20 risoluzioni con ampie maggioranze. L'incontro ha incluso decisioni chiave come l'approvazione del Dividendo Finale, la ri-nomina del Revisore e varie rielezioni del consiglio.
Tra i risultati notevoli, la Politica di Remunerazione dei Direttori è stata approvata con il 79% dei voti, riflettendo un allineamento con le pratiche di compenso basate negli Stati Uniti e la creazione di valore per gli azionisti. Il Consiglio ha riconosciuto il forte supporto degli azionisti e si è impegnato a mantenere un continuo coinvolgimento con gli stakeholder, promettendo un aggiornamento entro sei mesi dall'AGM del 2025.
Altre approvazioni significative hanno incluso le autorizzazioni per l'assegnazione di azioni, donazioni politiche, modifiche al Piano di Incentivazione Azionaria del 2017 e programmi di riacquisto di azioni.
Diversified Energy Company (LSE: DEC, NYSE: DEC) celebró su Junta General Anual el 9 de abril de 2025, donde los accionistas aprobaron las 20 resoluciones con amplias mayorías. La reunión incluyó decisiones clave como la aprobación del Dividendo Final, la reelección del Auditor y varias reelecciones del consejo.
Entre los resultados notables, la Política de Remuneración de Directores fue aprobada con un 79% de apoyo, reflejando una alineación con las prácticas de compensación basadas en EE.UU. y la creación de valor para los accionistas. La Junta reconoció el fuerte apoyo de los accionistas y se comprometió a continuar el compromiso con los interesados, prometiendo una actualización dentro de los seis meses posteriores a la Junta General de 2025.
Otras aprobaciones significativas incluyeron autoridades para la asignación de acciones, donaciones políticas, enmiendas al Plan de Incentivos de Capital de 2017 y programas de recompra de acciones.
다양화된 에너지 회사 (LSE: DEC, NYSE: DEC)는 2025년 4월 9일 연례 총회를 개최하였으며, 주주들은 20개의 결의를 모두 대다수의 찬성으로 승인하였습니다. 이 회의에서는 최종 배당금 승인, 감사 재임명, 그리고 다양한 이사회 재선거와 같은 주요 결정이 포함되었습니다.
주목할 만한 결과로는 이사 보수 정책이 79%의 찬성으로 통과되어 미국 기반 보상 관행 및 주주 가치 창출과의 일치를 반영하였습니다. 이사회는 강력한 주주 지원을 인정하고 지속적인 이해관계자 참여를 약속하며, 2025년 AGM 이후 6개월 이내에 업데이트를 약속하였습니다.
기타 중요한 승인 사항으로는 주식 배정 권한, 정치 기부, 2017년 자본 인센티브 계획 수정 및 자사주 매입 프로그램이 포함되었습니다.
Diversified Energy Company (LSE: DEC, NYSE: DEC) a tenu son Assemblée Générale Annuelle le 9 avril 2025, où les actionnaires ont approuvé toutes les 20 résolutions à des majorités significatives. La réunion a inclus des décisions clés telles que l'approbation du Dividende Final, la réélection de l'Auditeur et diverses réélections au conseil d'administration.
Les résultats notables incluent l'adoption de la Politique de Rémunération des Directeurs avec 79% d'approbation, reflétant l'alignement avec les pratiques de rémunération basées aux États-Unis et la création de valeur pour les actionnaires. Le Conseil a reconnu le fort soutien des actionnaires et s'est engagé à maintenir un engagement continu avec les parties prenantes, promettant une mise à jour dans les six mois suivant l'Assemblée Générale de 2025.
D'autres approbations significatives comprenaient des autorisations pour l'attribution d'actions, des dons politiques, des modifications au Plan d'Incitation en Actions de 2017 et des programmes de rachat d'actions.
Diversified Energy Company (LSE: DEC, NYSE: DEC) hielt am 9. April 2025 seine Hauptversammlung ab, bei der die Aktionäre alle 20 Beschlüsse mit deutlichen Mehrheiten genehmigten. Die Sitzung umfasste wichtige Entscheidungen wie die Genehmigung der Enddividende, die Wiederernennung des Prüfers und verschiedene Neuwahlen des Vorstands.
Bemerkenswerte Ergebnisse sind, dass die Vergütungspolitik der Direktoren mit 79% Zustimmung angenommen wurde, was die Übereinstimmung mit den in den USA basierten Vergütungspraktiken und der Schaffung von Aktionärswert widerspiegelt. Der Vorstand erkannte die starke Unterstützung der Aktionäre an und verpflichtete sich zu einer fortgesetzten Einbindung der Interessengruppen, wobei ein Update innerhalb von sechs Monaten nach der Hauptversammlung 2025 versprochen wurde.
Weitere bedeutende Genehmigungen umfassten Befugnisse zur Aktienzuteilung, politische Spenden, Änderungen am Aktienoptionsplan von 2017 und Aktienrückkaufprogramme.
- All 20 resolutions passed with strong shareholder support
- Authority granted for share repurchase program
- Approval for Final Dividend distribution
- 21% opposition to Director's Remuneration Policy indicates some shareholder concerns
- 8% opposition to Kathryn Klaber's re-election suggests minor governance concerns
Diversified Energy Company PLC
(“Diversified” or the "Company")
Results of Annual General Meeting
Diversified Energy Company PLC (LSE: DEC, NYSE: DEC) is pleased to announce that all 20 resolutions put to shareholders at the Company's Annual General Meeting held on April 9, 2025 were duly passed.
The total votes were cast as follows:
| Resolution | For | % | Against | % | Withheld | ||||||
| 1 | Receipt of Annual Report | 50,118,979 | 100 | % | 90,746 | — | % | 39,401 | |||
| 2 | Approval of Final Dividend | 50,186,943 | 100 | % | 42,897 | — | % | 19,286 | |||
| 3 | Authority to re-appoint Auditor | 53,936,715 | 100 | % | 100,784 | — | % | 49,749 | |||
| 4 | Authority to determine Auditor's Remuneration | 50,176,989 | 100 | % | 47,950 | — | % | 24,187 | |||
| 5 | Re-elect David Edward Johnson | 50,096,070 | 100 | % | 126,406 | — | % | 26,650 | |||
| 6 | Re-elect Robert "Rusty" Russell Hutson, Jr. | 50,079,603 | 100 | % | 143,175 | — | % | 26,348 | |||
| 7 | Re-elect Martin Keith Thomas | 48,239,720 | 96 | % | 1,982,930 | 4 | % | 26,476 | |||
| 8 | Re-elect David Jackson Turner, Jr. | 49,112,530 | 98 | % | 1,108,448 | 2 | % | 28,148 | |||
| 9 | Re-elect Sandra Mary Stash | 50,076,037 | 100 | % | 145,379 | — | % | 27,710 | |||
| 10 | Re-elect Kathryn Klaber | 46,216,417 | 92 | % | 3,950,411 | 8 | % | 82,298 | |||
| 11 | Authority to allot shares | 49,410,519 | 98 | % | 810,329 | 2 | % | 28,278 | |||
| 12 | Directors' Remuneration Report | 49,223,090 | 98 | % | 984,189 | 2 | % | 41,847 | |||
| 13 | Director's Remuneration Policy | 38,283,303 | 79 | % | 10,373,294 | 21 | % | 1,592,529 | |||
| 14 | Political donations & expenditures | 49,933,787 | 100 | % | 226,129 | — | % | 89,210 | |||
| 15 | Amendment to 2017 Equity Incentive Plan | 49,745,588 | 99 | % | 250,196 | 1 | % | 253,342 | |||
| 16 | Dis-apply pre-emption rights | 49,750,124 | 99 | % | 257,326 | 1 | % | 241,676 | |||
| 17 | Dis-apply pre-emption rights (Acquisitions) | 49,146,350 | 98 | % | 854,587 | 2 | % | 248,189 | |||
| 18 | Purchase of Company's own shares | 50,132,207 | 100 | % | 75,167 | — | % | 41,752 | |||
| 19 | Share Repurchase Contracts and Counterparties | 50,148,797 | 100 | % | 69,100 | — | % | 31,229 | |||
| 20 | Short General Meeting notice period | 49,221,371 | 98 | % | 999,242 | 2 | % | 28,513 | |||
Note: A vote "Withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "For" or "Against" shown.
The full text of the resolutions passed at the AGM has been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The Board of Diversified Energy Company PLC (the “Board”) is pleased to note that shareholders unanimously approved all of the general and special resolutions. Having actively engaged with many shareholders ahead of the AGM and throughout the year, the Board would like to thank shareholders for their input and continued support.
The Board notes that shareholders approved the resolutions with significant majorities, including Resolution 13 (Approval of the Director’s Remuneration Policy), which was passed with a majority vote of
The approved Director’s Remuneration Policy was developed through consultation with a significant number of the Company’s largest shareholders and proxy advisors, and the Board believes that the approved Remuneration Policy reinforces alignment of Executive Director compensation with long-term shareholder value creation and remuneration best-practice standards, and reflects competitive practices among the Company’s peers. The Board will continue to engage with key stakeholders on a regular basis while continuing the important focus on remuneration matters that properly align with US-based compensation practices. In accordance with provision 4 of the UK Corporate Governance Code, the Company will publish an update on this engagement, in accordance with the UK Corporate Governance Code, within six months of the 2025 AGM and a final summary in the Company's Annual Report for the 2025 Financial Year.
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 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.
FAQ
What was the voting result for DEC's Director's Remuneration Policy at the 2025 AGM?
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