Director / PDMR Shareholdings

RNS Number : 1457W
Diversified Energy Company PLC
16 August 2022
 

16 August 2022

 

 Diversified Energy Company PLC

("Diversified" or the "Company")

 

Director / PDMR Shareholdings

 

Diversified Energy Company PLC (LSE:DEC) announces that on 11 August 2022, 12 August 2022 and 15 August 2022, members of its Board of Directors (the "Board") transacted in ordinary shares of 1p each in the Company ("Ordinary Shares").

 

On 11 August 2022, Bradley G. Gray, Executive Director of the Board, Chief Operating Officer and Executive Vice President exercised 825,000 vested stock options. To settle the award, the Company will transfer 185,439 ordinary shares of £0.01 ("ordinary Share") each (net of withholding tax) from its  Employee Benefit Trust. Concurrent to the exercise of Stock Options, Mr. Gray elected to sell the newly allotted 185,439 net shares in the open market on 12 August 2022 at a price of 130.15 pence per Ordinary Share. Following the concurrent option exercise and sale of shares, Mr. Gray remains interested in 2,394,782 Ordinary Shares representing approximately 0.281% of the Company's issued share capital.

 

On 11 August 2022, Martin Thomas, Non-Executive Vice Chair of the Board acquired 6,000 Ordinary Shares through the open market at an average price of 129.96 pence per Ordinary Share. Following this purchase, Mr. Thomas is now interested in 2,206,000 Ordinary Shares representing approximately 0.259% of the Company's issued share capital.

 

On On 15 August 2022, David Turner, Independent Non-Executive Director of the Board acquired 6,975 Ordinary Shares through the open market at an average price of 135.00 pence per Ordinary Share. Following this purchase, Mr. Turner is now interested in 378,475 Ordinary Shares representing approximately 0.044% of the Company's issued share capital.

 

For further information, please contact:

Diversified Energy Company PLC

+1 205 408 0909

Wren Smith

ir@dgoc.com

www.div.energy

 

 

 

FTI Consulting

DEC@fticonsulting.com

US & UK Financial Public Relations

 

 

 

About Diversified Energy Company PLC

Diversified Energy Company PLC is an independent energy company engaged in the production, marketing and transportation of primarily natural gas related to its synergistic US onshore upstream and midstream assets.

 

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Bradley G. Gray

2

Reason for the notification

a)

Position/status

Executive Director of the Board, Chief Operating Officer and Executive Vice President

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Diversified Energy Company PLC

b)

LEI

213800YR9TFRVHPGOS67

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary Shares of 1 pence each

 

Identification code

GB00BYX7JT74

b)

Nature of the transaction

a.  Exercise of Options

b.  Net Settlement Withholding

c.  Sale of Ordinary Shares

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 

 

a.  £0.8400

b.  £1.3100

c.  £1.3015

a.  825,000

b.  639,561

c.  185,439

d)

Aggregated information


 

Aggregated volume

Net Settlement of Options Exercised - 185,439

Sale of Ordinary Shares - 185,439

 

Price

Net Settlement of Options Exercised - £Nil

Sale of Ordinary Shares - £1.3015

e)

Date of the transaction

Net Settlement of Options Exercised - 11 August 2022

Sale of Ordinary Shares - 12 August 2022

f)

Place of the transaction

London Stock Exchange (XLON)

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Martin Thomas

2

Reason for the notification

a)

Position/status

Non-Executive Vice Chair

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Diversified Energy Company PLC

b)

LEI

213800YR9TFRVHPGOS67

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary Shares of 1 pence each

 

Identification code

GB00BYX7JT74

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 

 

£1.2996

6,000

d)

Aggregated information

N/A - single transaction

 

Aggregated volume

N/A - Single transaction

 

Price

£1.2996

e)

Date of the transaction

11 August 2022

f)

Place of the transaction

London Stock Exchange (XLON)

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Turner

2

Reason for the notification

a)

Position/status

Independent Non-Executive Director

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Diversified Energy Company PLC

b)

LEI

213800YR9TFRVHPGOS67

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary Shares of 1 pence each

 

Identification code

GB00BYX7JT74

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 

 

£1.3500

6,975

d)

Aggregated information

N/A - single transaction

 

Aggregated volume

N/A - Single transaction

 

Price

£1.3500

e)

Date of the transaction

15 August 2022

f)

Place of the transaction

London Stock Exchange (XLON)

 

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