Transaction in Own Shares

Rhea-AI Summary

Diversified Energy Company has executed a share buyback program, purchasing 36,063 ordinary shares at a volume-weighted average price of $12.6209 per share through Mizuho Securities USA on April 28, 2025. The transaction was conducted on the NYSE with share prices ranging between $12.55 (lowest) and $12.66 (highest).

Following the planned cancellation of these shares, the company's total ordinary shares will decrease to 80,269,507. The purchases were spread across multiple trading venues including NYSE, NASDAQ, and various other platforms.

Key Transaction Details:

• Total Shares Purchased: 36,063
• Average Price: $12.6209
• Trading Date: April 28, 2025
• Primary Trading Venue: NYSE

The buyback aligns with Diversified's strategy as a natural gas and liquids production company focused on acquiring long-life assets and improving their environmental performance.

Positive

• Share buyback program actively reducing share count, indicating confidence in company value
• Strong market presence with dual listing on LSE and NYSE
• Clear commitment to shareholder value through share cancellation

Negative

• Reduction in total outstanding shares from buyback may decrease stock liquidity

Insights

Financial Analyst

Diversified Energy's modest buyback of 36,063 shares (0.045% of outstanding) represents routine capital management with minimal immediate shareholder impact.

Diversified Energy has purchased 36,063 ordinary shares at a volume-weighted average price of $12.6209 per share through Mizuho Securities USA LLC. Based on these figures, the total transaction amounts to approximately $455,000. This purchase is part of the company's previously announced share buyback program from March 20, 2025.

The repurchased shares will be cancelled, reducing Diversified's total outstanding shares to 80,269,507. This represents a mere 0.045% reduction in the share count, indicating a methodical rather than aggressive approach to capital return.

For context, Diversified Energy operates in the natural gas and liquids production sector, with a business model focused on acquiring existing long-life assets and improving their environmental and operational performance. The company explicitly states its aim to "deliver reliable free cash flow," which provides rationale for its capital management decisions.

Share buybacks generally benefit shareholders by reducing the number of outstanding shares, which can enhance per-share metrics assuming stable or growing company performance. They represent an alternative method of returning capital to shareholders alongside dividends.

The limited scale of this particular repurchase means its immediate impact on Diversified's financial metrics will be minimal. While buybacks can signal management's capital allocation priorities, this transaction appears to be routine execution of their existing program rather than a significant new development for investors.

DIVERSIFIED ENERGY COMPANY PLC

("Diversified", or the "Company")

DIVERSIFIED ENERGY COMPANY PLC (LSE:DEC, NYSE:DEC) announces that, in accordance with the terms of its share buyback programme announced on 20 March 2025, the Company has purchased 36,063 Ordinary Shares of 20 Pence each in the capital of the Company (the "Shares") in the market at a volume-weighted average price of 12.6209 per Share through Mizuho Securities USA LLC (MSUSA). The Shares acquired will, in due course, be cancelled. The Shares have been acquired in accordance with the share buyback programme on the NYSE, pursuant to a share purchase contract with MSUSA.

Aggregated Information

Date of Purchase:	28 April 2025
Aggregate Number of Ordinary Shares Purchased:	36,063
Lowest Price Paid per Share (USD):	12.66
Highest Price Paid per Share (USD):	12.55
Volume-Weighted Average Price Paid per Share (USD):	12.6209

Following the cancellation of Shares, Diversified will have 80,269,507 Ordinary Shares of 20 Pence each in issue and no Ordinary Shares are held in treasury. This figure of 80,269,507 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 Mizuho Securities USA LLC as part of the buyback programme.

Schedule of Purchases

Shares purchased:	DIVERSIFIED ENERGY COMPANY PLC (ISIN: GB00BQHP5P93)
Dates of purchases:	28 April 2025
Investment firm:	Mizuho Securities USA LLC

Aggregate number of ordinary shares acquired	Daily volume weighted average price paid		Daily highest price paid per share		Daily lowest price per share		Trading Venue
1,068	$12.6146		$12.65		$12.58		ARCX
1,107	$12.6240		$12.66		$12.59		ASPN
500	$12.6125		$12.65		$12.59		BAML
516	$12.6360		$12.66		$12.58		BATS
1,662	$12.6225		$12.66		$12.55		BATY
500	$12.6180		$12.64		$12.59		EDGA
300	$12.6467		$12.65		$12.64		EDGX
15,559	$12.6171		$12.66		$12.55		IEXG
1,092	$12.6217		$12.66		$12.61		JSJX
100	$12.6600		$12.66		$12.66		LEVL
14	$12.6450		$12.65		$12.64		MEMX
1,499	$12.6150		$12.66		$12.56		SGMT
1,874	$12.6186		$12.66		$12.59		UBSA
1,206	$12.6028		$12.65		$12.58		XBOS
400	$12.6320		$12.65		$12.59		XCIS
3,342	$12.6288		$12.66		$12.55		XNAS
5,324	$12.6267		$12.66		$12.57		XNYS
Trading venue	Currency		Volume Weighted Average Price		Aggregated volume
NYSE	USD		$12.6209		36,063

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

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

How many shares did Diversified Energy (DEC) buy back on April 28, 2025?

Diversified Energy bought back 36,063 ordinary shares at a volume-weighted average price of $12.6209 per share on April 28, 2025, through Mizuho Securities USA LLC.

What is the price range of DEC's share buyback on April 28, 2025?

The share buyback price ranged from $12.55 (lowest) to $12.66 (highest) per share, with a volume-weighted average price of $12.6209.

How many shares will Diversified Energy (DEC) have after this buyback?

After the share cancellation, Diversified Energy will have 80,269,507 ordinary shares in issue, with no shares held in treasury.

Which trading venues did DEC use for its April 2025 share buyback?

The share buyback was executed across multiple venues including NYSE, ARCX, BATS, IEXG, and others, with the largest volumes on IEXG (15,559 shares) and NYSE (5,324 shares).

What is the purpose of DEC's share buyback program announced March 2025?

The share buyback program aims to reduce the number of outstanding shares by purchasing and subsequently canceling ordinary shares, which can potentially increase value for remaining shareholders.