Diversified Energy Company Enhances Shareholder Value with Buyback
Overview of Share Buyback Program
Diversified Energy Company PLC (LSE: DEC) (NYSE: DEC) has initiated a strategic share buyback program as part of its commitment to delivering shareholder value. This decision stems from the company's efficient management and aims to enhance shareholder returns through the repurchase of its Ordinary Shares. Recently, the Company executed a transaction that involved purchasing 41,876 Ordinary Shares at an average price reflecting strong market conditions.
Details of the Recent Share Purchase
The recent acquisition of shares was carried out in accordance with the guidelines set forth on March 20, 2025. Each share was purchased at a volume-weighted average price of 1,030.42 pence. The shares bought back will be canceled, which will subsequently reduce the total number of shares in circulation, positively impacting the value of remaining shares.
Impact Following the Share Cancellation
Upon the cancellation of these shares, the total number of Ordinary Shares in issue will stand at 80,832,961. This figure is crucial for shareholders as it serves as the denominator in calculations that determine whether they need to notify changes in their shareholding under the FCA's Disclosure Guidance and Transparency Rules.
Regulatory Compliance
As required by the Market Abuse Regulation (EU Regulation No 596/2014), the company has disclosed pertinent details regarding the buyback transactions conducted by Peel Hunt LLP. This transparency ensures compliance with regulations and provides shareholders with insight into the company's ongoing commitment to good governance practices.
Aggregate Purchase Information
Here is a brief overview of the transactions completed under the buyback program:
- Aggregate Number of Ordinary Shares Purchased: 41,876
- Lowest Price Paid per Share: 1,025.00 pence
- Highest Price Paid per Share: 1,035.00 pence
- Volume-Weighted Average Price: 1,030.42 pence
Schedule of Purchases
A recap of the key transactions over the course of the buyback program highlights both diligence and market opportunities:
| Shares Purchased | Transaction Price (GBP per Share) | Trading Venue | Transaction Date and Time | Trade ID |
|---|---|---|---|---|
| 2,801 | 10.25 | XLON | 10:30:04 | 00174809044TRLO0 |
| 11,320 | 10.30 | XLON | 10:34:05 | 00174809379TRLO0 |
| 6,443 | 10.27 | XLON | 12:59:28 | 00174820361TRLO0 |
About Diversified Energy Company
Diversified Energy Company is recognized as a leader in the sector, focusing on the production, transport, and marketing of natural gas and liquids. By acquiring established, long-life assets, the company emphasizes enhancing operational and environmental performance, while also ensuring responsible asset retirement. This commitment to effective resource management has led to numerous accolades for sustainability and operational excellence, making Diversified Energy Company a preferred partner in the energy sector.
Frequently Asked Questions
1. What is the purpose of the share buyback program?
The share buyback program aims to enhance shareholder value by reducing the number of shares in circulation, which can lead to an increase in earnings per share and potential stock price appreciation.
2. How many ordinary shares were recently purchased?
The company recently purchased 41,876 Ordinary Shares as part of its buyback program.
3. Who executed the buyback transactions?
The transactions were executed by Peel Hunt LLP, a reputable investment firm.
4. How will the cancellation of shares affect shareholders?
Following the cancellation, the number of shares in issue will decrease, which can positively influence the market value of the remaining shares for shareholders.
5. Who can I contact for more information?
For further inquiries, you can contact Doug Kris at Diversified Energy Company PLC via phone at +1 973 856 2757 or email at dkris@dgoc.com.
About The Author
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