Transaction in Own Shares
- Share buyback demonstrates company's confidence in its value and commitment to returning capital to shareholders
- Strategic reduction in outstanding shares can potentially improve earnings per share
- Company maintains strong market presence with trading across multiple venues
- Reduction in cash reserves that could have been used for operational growth or debt reduction
- Decrease in public float and potentially reduced trading liquidity
Insights
DEC repurchased 95,720 shares at $14.30/share as part of its ongoing buyback program, reducing outstanding shares to 78.47 million.
Diversified Energy Company has continued executing its share buyback program announced in March 2025 with the purchase of 95,720 ordinary shares at a volume-weighted average price of
This repurchase activity is part of the company's capital allocation strategy, with the acquired shares slated for cancellation. The cancellation will reduce DEC's outstanding share count to 78,475,356 ordinary shares.
Share buybacks typically signal management's confidence in the company's valuation and financial position. By reducing the number of outstanding shares, each remaining share represents a slightly larger ownership stake in the company. This action can potentially support earnings per share metrics, as future profits will be divided among fewer shares.
The share count reduction represents approximately
DIVERSIFIED ENERGY COMPANY PLC
("Diversified", or the "Company")
BIRMINGHAM, Ala., June 16, 2025 (GLOBE NEWSWIRE) -- 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 95,720 Ordinary Shares of 20 Pence each in the capital of the Company (the "Shares") in the market at a volume-weighted average price of
Aggregated Information
| Date of Purchase: | 13 June 2025 |
| Aggregate Number of Ordinary Shares Purchased: | 95,720 |
| Lowest Price Paid per Share (USD): | 13.96 |
| Highest Price Paid per Share (USD): | 14.50 |
| Volume-Weighted Average Price Paid per Share (USD): | 14.3028 |
Following the cancellation of Shares, Diversified will have 78,475,356 Ordinary Shares of 20 Pence each in issue and no Ordinary Shares are held in treasury. This figure of 78,475,356 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: | 13 June 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 | |||
| 7,809 | $14.2417 | $14.50 | $14.00 | ARCX | |||
| 2,318 | $14.2342 | $14.50 | $14.04 | ASPN | |||
| 905 | $14.4236 | $14.50 | $14.32 | BAML | |||
| 100 | $14.5000 | $14.50 | $14.50 | BARX | |||
| 9,543 | $14.4671 | $14.50 | $14.14 | BATS | |||
| 2,228 | $14.1935 | $14.50 | $14.00 | BATY | |||
| 500 | $14.5000 | $14.50 | $14.50 | CDED | |||
| 773 | $14.2083 | $14.50 | $14.02 | EDGA | |||
| 6,000 | $14.4255 | $14.50 | $14.02 | EDGX | |||
| 27,510 | $14.2508 | $14.50 | $13.96 | IEXG | |||
| 75 | $14.5000 | $14.50 | $14.50 | ITGI | |||
| 900 | $14.2930 | $14.50 | $14.09 | JPMX | |||
| 3,835 | $14.2787 | $14.50 | $14.07 | JSJX | |||
| 200 | $14.5000 | $14.50 | $14.50 | KNLI | |||
| 36 | $14.5000 | $14.50 | $14.50 | MEMX | |||
| 600 | $14.5000 | $14.50 | $14.50 | MSPL | |||
| 761 | $14.2178 | $14.34 | $14.04 | SGMT | |||
| 3,667 | $14.2755 | $14.50 | $14.04 | UBSA | |||
| 700 | $14.2838 | $14.50 | $14.06 | XBOS | |||
| 183 | $14.2600 | $14.33 | $14.22 | XCIS | |||
| 12,131 | $14.3174 | $14.50 | $14.04 | XNAS | |||
| 14,946 | $14.2721 | $14.50 | $14.02 | XNYS | |||
| Trading venue | Currency | Volume Weighted Average Price | Aggregated volume | ||||
| NYSE | USD | $14.3028 | 95,720 | ||||
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 June 13, 2025?
What was the price range for DEC's share buyback on June 13, 2025?
How many outstanding shares will DEC have after this buyback?
Which trading venue had the largest volume of DEC shares purchased?
When was DEC's share buyback program announced?
