Diversified Energy Company Announces Successful AGM Results
Overview of the Annual General Meeting
Diversified Energy Company PLC (LSE: DEC, NYSE: DEC) is excited to share that all 20 resolutions presented to shareholders at its recent Annual General Meeting were successfully passed. This outcome showcases the strong support from the company's investor base.
Voting Results Summary
The voting process was robust, with shareholders actively participating. Below is a summary of some key resolutions that received overwhelming support from the stakeholders:
Key Resolutions Passed
Among the resolutions, the approval of the final dividend was particularly notable, garnering 100% votes in favor. This reflects shareholders' confidence in Diversified's financial performance and outlook.
Director’s Remuneration Policy
Resolution 13, related to the Directors' Remuneration Policy, was also passed with a remarkable majority of 79% in favor. This policy was developed after extensive consultations with major shareholders and proxy advisors, ensuring that it aligns with long-term shareholder interests and competitive compensation practices within the industry.
Shareholder Engagement
The Board of Directors emphasizes the significance of shareholder engagement and sincerely thanks shareholders for their ongoing contributions and support. Throughout the year, the Board has actively interacted with stakeholders to address their insights and concerns, fostering a collaborative relationship.
Future Directions and Remuneration Practices
The Board is committed to maintaining a focus on best practices concerning remuneration, reflecting norms prevalent among US-based companies. Following the AGM, an update regarding shareholder engagement will be published in adherence to provisions set out in the UK Corporate Governance Code.
Contact Information
For any inquiries or further information, stakeholders can reach out to:
Diversified Energy Company PLC
Phone: +1 973 856 2757
Email: dkris@dgoc.com
Website: www.div.energy
Senior Vice President, Investor Relations & Corporate Communications: Doug Kris
About Diversified Energy Company PLC
Diversified Energy Company PLC is at the forefront of the energy sector, focusing on natural gas and liquid production, transportation, marketing, and well retirement. By acquiring long-life assets and enhancing them for optimal environmental and operational efficiency, Diversified strives to ensure safe and sustainable energy production. The company’s stewardship and innovative approach have positioned it as a leader in sustainability, delivering reliable cash flow while creating value for shareholders.
Frequently Asked Questions
What were the main outcomes of the AGM?
All 20 resolutions put forward at the AGM were successfully passed, reflecting strong shareholder support.
What was the voting percentage for the dividend approval?
The approval for the final dividend received 100% of the votes in favor.
How does Diversified ensure alignment with shareholder interests in remuneration?
The Director’s Remuneration Policy was created with significant input from shareholders and is designed to align executive compensation with long-term shareholder value.
What are the next steps for Diversified Energy Company?
Diversified will continue to engage with shareholders and will publish an update on these discussions in line with corporate governance standards.
How can shareholders contact Diversified Energy Company?
Shareholders can reach out to the Investor Relations team via email or phone for any inquiries or further information.
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