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Diversified Energy Announces Proposed Move of Primary Listing to the New York Stock Exchange
Globenewswire· 2025-09-30 20:15
Core Viewpoint - Diversified Energy Company PLC plans to move its primary listing to the New York Stock Exchange while retaining a secondary listing on the London Stock Exchange, aiming to enhance trading liquidity and visibility with investors, and to provide strategic capital markets benefits for growth [1][4]. Group 1: Listing Strategy - The company is primarily a US business, with all operating profit derived from US operations, and intends to align its primary listing with its business strategy [2][4]. - As of June 30, 2025, over 65% of the company's outstanding shares were held by US resident investors, indicating a strong US investor base [3]. - The move to a US primary listing is expected to be formalized through a UK scheme of arrangement, requiring shareholder approval at a general meeting [5]. Group 2: Benefits of the Move - The change is anticipated to increase overall liquidity in the company's shares by accessing deeper US capital markets [7]. - A primary US listing is expected to enhance exposure to US investors and provide access to passive investment pools of capital [7]. - The company aims to optimize its positioning for inclusion in premier US equity indices and Exchange Traded Funds while retaining a secondary listing on the LSE to facilitate trading liquidity for non-US shareholders [7]. Group 3: Operational Context - The executive management team and operational headquarters are based in the US, with all employees and assets located in the US, reinforcing the rationale for the primary listing shift [2][4]. - The company focuses on natural gas and liquids production, marketing, and well retirement, with a strategy centered on acquiring and improving long-life assets [8].
TR-1: Standard form for notification of major holdings
Globenewswire· 2025-09-25 20:15
Core Points - The notification indicates that EIG Asset Management LLC has crossed a voting rights threshold in Diversified Energy PLC, reducing its holdings from 14,330,718 shares (18.50%) to 9,601,585 shares (12.40%) as of September 18, 2025 [1][4]. Group 1 - The issuer of the shares is Diversified Energy PLC, which is identified as a non-UK issuer [1]. - EIG Asset Management LLC, based in Washington D.C., U.S.A., is the entity subject to the notification obligation [1]. - The total number of voting rights held by EIG Asset Management LLC is now 9,601,585, representing 12.40% of the total voting rights [1][4]. Group 2 - The previous notification indicated a higher holding of 14,330,718 shares, which represented 18.50% of the voting rights [1]. - The total issued share capital of Diversified Energy PLC is reported to be 77,434,079 shares as of September 23, 2025 [4].
End of Stabilisation Notice
Globenewswire· 2025-09-19 05:55
Group 1 - Diversified Energy Company PLC has announced the end of the stabilization period for its securities offering [2][3] - The offering size includes 5,713,353 ordinary shares, with a total of 6,570,355 ordinary shares when including the over-allotment option [3] - The offer price for the ordinary shares is set at US$13.75 [3] Group 2 - Mizuho Securities USA LLC acted as the stabilizing manager for the offering and confirmed that no stabilization activities were undertaken [2] - The over-allotment option for 857,002 ordinary shares, representing 15% of the total offering, was exercised [2]
Diversified Energy Company: Another Bolt-On Acquisition To Drive Growth
Seeking Alpha· 2025-09-18 12:15
Group 1 - Diversified Energy Company (NYSE: DEC) announced a secondary offering of 5.7 million shares at an offering price of $13.75 per share, aiming to raise $78.6 million [1] - Prior to the announcement, shares were trading above $15 per share, indicating a significant selling pressure following the news [1] Group 2 - The investment analysis is conducted by Michael Del Monte, a buy-side equity analyst with over 5 years of industry experience, who has a background in various sectors including Oil & Gas, Midstream, and Information Technology [1]
Decade Resources Reports Expanded Exploration at the North Mitchell Property, Golden Triangle, BC
Newsfile· 2025-09-18 12:00
Core Viewpoint - Decade Resources Ltd. is expanding its exploration efforts at the North Mitchell Property in British Columbia due to positive results from a recent reconnaissance program, indicating potential for significant mineralization in the area [1][10]. Exploration Details - The 2025 field program will include detailed sampling of gossanous base metal-bearing outcrops to determine the width, strike length, and gold-silver tenor of the mineralization [7]. - The North Mitchell Property is located near several significant deposits, including KSM's Iron Cap and Snowfield deposits, which have combined resources of 36.1 million ounces and 34.9 million ounces of gold, respectively [5]. Geological Context - The property is underlain by Hazelton Group volcanic and intrusive rocks, with structures interpreted as splays of the Brucejack Fault, suggesting the potential for an epithermal Au-Ag system with a porphyry source [9]. Resource Estimates - The combined number of reported gold ounces within eight deposits around the North Mitchell Property is estimated at 201.67 million ounces, excluding significant amounts of silver and copper [2].
Decade Resources Closes Private Placement for Total Gross Proceeds of $255,000
Newsfile· 2025-09-17 20:31
Group 1 - Decade Resources Ltd. has successfully closed a private placement, raising total gross proceeds of $255,000 [1][2] - A total of 8,500,000 units were issued at a price of 3 cents per unit, with each unit consisting of one common share and one transferable common share purchase warrant [2] - The warrants are exercisable for the purchase of one additional common share at a price of $0.05 per share for a period of 5 years [2] Group 2 - The majority of the proceeds from the private placement will be allocated for general working capital purposes, with more than 10% potentially directed towards exploration on BC Properties [3] - None of the proceeds will be used for payments to non-arm's-length parties, except for normal compensation of officers, directors, employees, and consultants [3] Group 3 - All issued securities are subject to a statutory hold period of four months, expiring on January 17, 2026 [4] - The company paid a cash finder's fee of $20,400 and issued 680,000 warrants with a 2-year term at $0.05 to a finder for introducing subscribers to the private placement [4]
Diversified Energy Company PLC (“Diversified” or the "Company") Pre-Stabilisation Notice
Globenewswire· 2025-09-17 16:12
Core Points - Diversified Energy Company PLC is conducting an underwritten secondary offering of 5,713,353 ordinary shares at an offer price of US$13.75 [3] - The stabilisation manager for this offering is Mizuho Securities USA LLC, with the stabilisation period expected to start on September 17, 2025, and end no later than October 17, 2025 [3][4] - An over-allotment option has been granted to the stabilising manager, allowing for the purchase of up to 857,002 additional ordinary shares, representing a maximum of 10% of the total offering [4] Offering Details - The ordinary shares have a par value of £0.20 each and the ISIN is GB00BQHP5P93 [3] - The offering size excludes the over-allotment option, which may be exercised in whole or in part during the stabilisation period [4] - All stabilisation activities will occur in the United States [3] Regulatory Information - The announcement is directed at qualified investors in the European Economic Area and the United Kingdom, as defined by relevant regulations [6] - The offering is not intended for public distribution in Australia, Japan, or South Africa [9]
Diversified Energy, Pebblebrook Hotel Trust And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Benzinga· 2025-09-17 12:04
Market Overview - U.S. stock futures showed mixed results, with Dow futures increasing approximately 0.1% [1] Company-Specific Movements - Diversified Energy Company PLC DEC experienced a significant decline of 6.6%, dropping to $14.37, following the announcement of a proposed secondary offering of 5,713,353 ordinary shares [1] - Turbo Energy, S.A. TURB saw a sharp decline of 24.1% to $9.41 after a substantial increase of 359% on Tuesday due to being awarded a $53 million contract for energy storage projects in Spain with a total capacity of 366 MWh [3] - ChowChow Cloud International CHOW fell 11.9% to $11.11 after a previous surge of 215% on Tuesday [3] - Pebblebrook Hotel Trust PEB decreased by 8.5% to $10.56 as the company initiated a $350 million convertible senior notes offering to repurchase 2026 notes [3] - WEBTOON Entertainment Inc. WBTN dropped 5% to $19.76 after a 39% increase on Tuesday, following a non-binding agreement with Disney to develop a digital comics platform [3] - loanDepot, Inc. LDI fell 5% to $4.22 in pre-market trading [3] - DRDGOLD Limited DRD decreased by 4.3% to $22.36 [3] - Mercurity Fintech Holding Inc. MFH declined by 2.1% to $9.34 after a previous surge of over 18% on Tuesday [3]
Q1 2025 Dividend Exchange Rate
Globenewswire· 2025-09-17 06:01
Core Points - Diversified Energy Company PLC announced a dividend of 29 cents per share for Q1 2025, payable on September 30, 2025, to shareholders registered by August 29, 2025 [2] - Shareholders opting for GBP sterling will receive 21.321 pence per share, based on the exchange rate of GBP 0.73520 to US $1.00 as of September 12, 2025 [3] - The company focuses on natural gas and liquids production, marketing, and well retirement, emphasizing a strategy of acquiring long-life assets and improving their performance [4] Company Overview - Diversified Energy Company is recognized for its sustainability leadership and aims to produce energy responsibly while generating reliable free cash flow and shareholder value [4] - The company employs a stewardship approach to ensure safe and environmentally secure asset retirement [4]
General Mills, Cracker Barrel And 3 Stocks To Watch Heading Into Wednesday - General Mills (NYSE:GIS)
Benzinga· 2025-09-17 03:02
Group 1 - General Mills Inc. is expected to report quarterly earnings of 81 cents per share on revenue of $4.51 billion [2] - Diversified Energy Company PLC announced a proposed secondary offering of 5,713,353 ordinary shares, leading to an 8.8% decline in its share price to $14.06 [2] - Manchester United PLC is anticipated to post a quarterly loss of 6 cents per share on revenue of $225.80 million, with shares slightly increasing by 0.1% to $16.42 [2] - New Fortress Energy Inc. has secured a long-term gas supply agreement with the Puerto Rican government, resulting in a 35% surge in its share price to $2.70 [2] - Cracker Barrel Old Country Store Inc. is projected to report quarterly earnings of 80 cents per share on revenue of $855.29 million [2]