Transaction in Own Shares

Diversified Energy Company PLC

14 February 2024

 

14 February 2024

 Diversified Energy Company PLC

("Diversified" or the "Company")

Transaction in Own Shares

Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) announces that, in accordance with the terms of its share buyback programme announced on 27 June 2023, the Company has purchased 37,000 ordinary shares of 20 pence each in the capital of the Company (the "Shares") in the market at a volume weighted average price of 908.46 pence per Share through Stifel Nicolaus Europe Limited ("Stifel"). The Shares acquired will, in due course, be cancelled.

Aggregated Information

Date of Purchase:	13 February 2024
Aggregate Number of Ordinary Shares Purchased:	37,000
Lowest Price Paid per Share (pence):	901.00
Highest Price Paid per Share (pence):	922.50
Volume-Weighted Average Price Paid per Share (pence):	908.46

Following the cancellation of Shares, Diversified will have 47,696,226 ordinary shares of 20 pence each in issue and no ordinary shares are held in treasury. This figure of 47,696,226 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 Stifel as part of the buyback programme.

Schedule of Purchases

Shares purchased:	Diversified Energy Company plc (ISIN: GB00BQHP5P93)
Dates of purchases:	13 February 2024
Investment firm:	Stifel Nicolaus Europe Limited

Transaction date and time	Number of shares purchased	Transaction price (pence per share)	Trading venue
13 February 2024, 01:25 PM	4,000	922.50	LSE
13 February 2024, 02:16 PM	2,500	911.76	LSE
13 February 2024, 02:57 PM	5,000	910.00	LSE
13 February 2024, 03:07 PM	8,500	904.00	LSE
13 February 2024, 03:55 PM	5,000	901.00	LSE
13 February 2024, 03:57 PM	2,500	903.00	LSE
13 February 2024, 04:22 PM	5,000	905.50	LSE
13 February 2024, 04:40 PM	4,500	915.50	LSE

For further information, please contact:

Diversified Energy Company PLC	[phone]
Doug Kris	[e-mail]
www.div.energy
FTI Consulting	[e-mail]
US & UK Financial Public Relations

About Diversified Energy Company PLC

Diversified is a leading independent energy company focused on producing, marketing, transporting, and retiring primarily natural gas and liquids assets. Our differentiated strategy provides the solution for existing long-life assets that have become non-core to traditional exploration companies. We acquire and then invest in each asset to improve environmental and production performance and ultimately retire the wells in a safe and environmentally secure process. This stewardship approach makes us the Right Company at the Right Time, enabling us to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

 

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