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Diversified Energy Announces Proposed Secondary Offering of Ordinary Shares
Globenewswire· 2025-09-16 20:16
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 Provides Board of Directors Update
GlobeNewswire News Room· 2025-08-13 06:01
Board of Directors Update - Sandra Stash will resign from the Board of Directors effective August 12, 2025, after serving since 2019, leaving in good standing [2][3] - David Turner is expected to replace Ms. Stash as the Senior Independent Director, while Kathryn Klaber will chair the Sustainability Committee, and Martin Thomas will join the Audit & Risk Committee [2][3] Commitment to Board Diversity - The Nomination Committee is dedicated to maintaining a high-quality, diverse board that supports the company's long-term goals [3] - David Johnson, Non-Executive Chairman, expressed gratitude for Ms. Stash's contributions and acknowledged her industry expertise [3] Company Overview - Diversified Energy Company PLC focuses on natural gas and liquids production, transport, marketing, and well retirement [4] - The company employs a differentiated strategy by acquiring long-life assets and investing in them to enhance environmental and operational performance [4] - Recognized for sustainability leadership, the company aims to responsibly produce energy and generate shareholder value [4]
Miscellaneous
Globenewswire· 2025-06-16 06:00
Dividend Announcement - Diversified Energy Company PLC announced a dividend of 29 cents per share for Q4 2024, payable on June 30, 2025, to shareholders registered by May 30, 2025 [2][3] - Shareholders opting for GBP sterling will receive an equivalent of 21.254 pence per share, based on the exchange rate of GBP 0.73288 = US $1.00 as of June 12, 2025 [3] Company Overview - Diversified Energy Company PLC is a publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement [4] - The company employs a differentiated strategy by acquiring long-life assets and investing in them to enhance environmental and operational performance before retiring them safely [4] - Recognized for sustainability leadership, the company aims to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value [4]
Diversified Energy Announces First Quarter Dividend
Globenewswire· 2025-05-12 06:00
Core Points - Diversified Energy Company PLC has declared an interim dividend of 29 cents per share for the first quarter of 2025, covering the period ended March 31, 2025 [1] - Key dates for the dividend include a record date of August 29, 2025, and a payment date of September 30, 2025 [1] - Shareholders have the option to receive the dividend in U.S. dollars or sterling, with a deadline for currency election set for September 5, 2025 [1][2] Company Overview - Diversified Energy Company PLC is a publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement [3] - The company employs a differentiated strategy by acquiring existing long-life assets and investing in them to enhance environmental and operational performance [3] - Recognized for sustainability leadership, Diversified aims to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value [3]
Notice of Results
GlobeNewswire News Room· 2025-05-01 06:00
Group 1 - The company plans to publish its Trading Statement for Q1 2025 on May 12, 2025 [2] - A conference call will be held on the same day at 1:00 PM GMT to discuss the Trading Statement [2] - The Trading Statement will be available on the company's website prior to the conference call [3] Group 2 - Diversified Energy Company PLC focuses on natural gas and liquids production, transport, marketing, and well retirement [4] - The company employs a strategy of acquiring long-life assets and investing in them to enhance performance before retiring them safely [4] - Diversified has been recognized for its sustainability leadership and aims to deliver reliable free cash flow and generate shareholder value [4]