Diversified Energy Company(DEC)
Search documents
Publication of Circular and Notice of Meetings
Globenewswire· 2025-10-17 10:17
Core Points - Diversified Energy Company PLC plans to move its primary listing to the New York Stock Exchange while maintaining a secondary listing on the London Stock Exchange, with the change to be executed through a UK scheme of arrangement [2] - A circular has been published detailing the transaction and convening shareholder meetings to approve related matters [3] - The scheme is expected to become effective around November 21, 2025, with NewCo shares anticipated to be listed on the NYSE and the London Stock Exchange by November 24, 2025 [4] Company Overview - Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement [5] - The company employs a differentiated strategy by acquiring existing, long-life assets and investing in them to enhance environmental and operational performance [5] - Recognized for sustainability leadership, Diversified aims to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value [5]
West Virginia and Diversified Energy Launch First-Of-Its-Kind Well Plugging Fund
Globenewswire· 2025-10-16 11:01
Core Points - The Mountain State Plugging Fund is a pioneering initiative established by West Virginia and Diversified Energy to ensure the retirement of oil and gas wells without taxpayer costs [1][2] - Diversified Energy commits $70 million over 20 years to the fund, promoting environmental stewardship and economic sustainability in West Virginia [2][5] - The fund aims to retire at least 1,500 wells in the first 20 years, with a goal of 250 wells annually thereafter [6] Company Commitment - Diversified Energy is enhancing its investment in its subsidiary, Next LVL Energy, to expand well retirement capacity in the Appalachian Basin, creating jobs and economic impact [3][4] - The partnership reflects a shared vision for responsible energy development and sets a new standard for financial assurance in the industry [4][5] Fund Structure - The fund will be managed by OneNexus, which provides financial assurance for asset retirement obligations, ensuring that funds are available when needed [6][8] - The principal amount of $70 million is expected to grow to $650 million over time, providing long-term financial protection for well retirement [6] Operational Impact - Next LVL Energy plans to plug 1,335 wells by the end of 2025, leading the region in well retirement operations [7] - The initiative positions West Virginia as a national leader in innovative energy solutions while addressing environmental concerns [2][4]
Decade Resources Reports First Assays from the North Mitchell Property Indicate High Gold and Silver
Newsfile· 2025-10-14 18:21
Core Insights - Decade Resources Ltd. has reported initial high-grade assay results from the North Mitchell Property, indicating significant potential for gold and silver resources in a region known for its rich mineral deposits [1][7]. Summary by Sections Assay Results - The first certified assay results from surface sampling on the North Mitchell Property show high metal content, with notable values including 45.0 g/t Au and 60.4 g/t Ag from one sample [5][9]. - Other significant assay results include 11.6 g/t Au and 53.92 g/t Ag, and 1.05 g/t Au and 4.23 g/t Ag from different locations on the property [5][9]. Nearby Major Deposits - The North Mitchell Property is strategically located near several major deposits, including Seabridge Gold's KSM and Snowfield deposits, and Newmont's Brucejack Mine, which are among the largest gold and copper resources globally [1][3]. - The report includes a table of nearby deposits with their respective categories, tonnage, grades, and contained metals, highlighting the potential for similar mineralization on the North Mitchell Property [3][6]. Management Commentary - The President of Decade Resources expressed excitement over the initial assay results, emphasizing the potential for both porphyry copper-gold and high-grade epithermal gold systems due to the geological features observed [7]. Next Steps - The company plans to conduct detailed mapping and sampling programs over key structural zones to further investigate the mineral potential of the North Mitchell Property [10][17]. - A maiden drill program is anticipated to commence in the 2026 season, contingent on permitting and financing [17].
Decade Resources Ltd. Announces Closing of Private Placement Financing
Newsfile· 2025-10-09 20:31
Core Points - Decade Resources Ltd. has successfully closed a flow-through private placement, raising a total of $815,500.05 through the issuance of 27,183,335 flow-through units at a price of 3 cents per unit [1][2] - Each flow-through unit consists of one flow-through common share and one transferable non-flow-through common share purchase warrant, with the warrants exercisable at 5 cents per share for a period of 24 months [2] - The proceeds from this private placement will be allocated to Canadian exploration expenses and critical mineral mining expenditures on the company's properties in British Columbia [3] Financial Details - The total gross proceeds from the private placement amount to $815,500.05, with each unit priced at 3 cents [2] - The company paid cash finders' fees totaling $25,880 and issued 862,666 warrants to finders, also exercisable at 5 cents for a 24-month period [4] Company Overview - Decade Resources Ltd. is a Canadian mineral exploration company focused on opportunities in the resource sector, holding various properties at different stages of development in the "Golden Triangle" area of northern British Columbia [5]
Diversified Energy PLC - Transaction in Own Shares
Globenewswire· 2025-10-03 06:00
Core Viewpoint - Diversified Energy Company PLC has executed a share buyback program, purchasing 145,775 ordinary shares at a volume-weighted average price of $13.8494 per share, with plans to cancel these shares, thereby reducing the total number of shares outstanding to 76,976,045 [1][2]. Group 1: Share Buyback Details - The share buyback was conducted on October 2, 2025, with the lowest price paid per share being $13.715 and the highest price at $14.00 [2]. - The total number of ordinary shares purchased was 145,775, and the volume-weighted average price paid per share was $13.8494 [2][4]. - Following the cancellation of the shares, the company will have no ordinary shares held in treasury, and the new total of shares outstanding will be 76,976,045 [2]. Group 2: Trading Information - The shares were acquired through Mizuho Securities USA LLC, with detailed trading information provided for each transaction [3][4]. - The trading venues included ARCX, ASPN, BAML, BATS, and others, with varying daily volume-weighted average prices and price ranges [4][5]. - The aggregate number of shares acquired on the trading day was 145,775, with a consistent average price around $13.8494 across different venues [5]. Group 3: Company Overview - Diversified Energy Company PLC is focused on natural gas and liquids production, transport, marketing, and well retirement, emphasizing sustainability and operational performance [7]. - The company aims to responsibly produce energy while generating reliable free cash flow and shareholder value through a differentiated strategy of acquiring and investing in long-life assets [7].
Diversified Energy to move main listing to the US as UK takes backseat
Reuters· 2025-10-01 06:54
Core Viewpoint - Diversified Energy announced its decision to move its primary listing to the New York Stock Exchange, reflecting a trend among companies prioritizing U.S. listings over those in the UK [1] Group 1 - The company is the latest to shift its focus to the U.S. market, indicating a broader industry trend [1] - This move aligns with a growing preference among businesses to list in the United States, which may offer better market conditions and investor access [1]
Diversified Energy Announces Proposed Move of Primary Listing to the New York Stock Exchange
Globenewswire· 2025-10-01 06:00
Core Viewpoint - Diversified Energy Company PLC plans to move its primary listing to the New York Stock Exchange (NYSE) while maintaining a secondary listing on the London Stock Exchange (LSE) to enhance trading liquidity and visibility with investors, and to provide strategic capital markets benefits for growth [1][4]. Group 1: Listing Strategy - The decision to move to the NYSE is based on the evaluation of the optimal public company listing venue in alignment with the company's business strategy [4]. - The company will retain a secondary listing on the LSE to facilitate trading liquidity for its non-US shareholder base [6]. Group 2: Business Operations - The company is primarily a US business, with all operating profit derived from US operations, and its executive management and operational headquarters are also based in the US [2]. - As of June 30, 2025, over 65% of the company's outstanding shares were held by US resident investors [3]. Group 3: Shareholder Approval Process - The move will require a formal vote by shareholders at a general meeting, needing approval from a majority in number of registered shareholders voting in person or by proxy, representing 75% in value of the shares voted [5]. - A shareholder circular detailing the proposals is expected to be published soon, with the general meeting anticipated to occur in the coming weeks [5]. Group 4: Expected Benefits - The proposed move is expected to increase overall liquidity in the company's shares by accessing deeper US capital markets [6]. - The primary US listing is anticipated to enhance exposure to US investors and provide access to passive investment pools of capital [6]. - The company aims to optimize its positioning for inclusion in premier US equity indices and Exchange Traded Funds [6].
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]