Core Viewpoint - Diversified Energy Company PLC is launching a secondary offering of 5,713,353 ordinary shares managed by certain funds or entities affiliated with EIG, with an additional option for underwriters to purchase up to 857,002 shares [1][2] Group 1: Offering Details - The secondary offering consists entirely of ordinary shares sold by the Selling Stockholders, who will receive all net proceeds from the offering [2] - The Diversified Employee Benefit Trust has expressed interest in purchasing up to 750,000 ordinary shares at the public offering price, although no commitment has been made [1] - Mizuho and Raymond James are acting as joint book-running managers for the offering, with Citigroup also participating [3] Group 2: Regulatory Information - A shelf registration statement for the resale of these securities was filed with the SEC on May 16, 2025, and became effective upon filing [4] - The secondary offering will be conducted only through a prospectus supplement and an accompanying prospectus [4] Group 3: Company Overview - Diversified Energy is focused on acquiring, managing, and optimizing a portfolio of cash-generative energy assets, including natural gas and liquids production, transport, marketing, and well retirement [6][8] - The company aims to improve environmental and operational performance of its long-life assets before retiring them safely and securely [6][8]
Diversified Energy Announces Proposed Secondary Offering of Ordinary Shares