- Diversified Energy Company PLC (DEC, Financial) completed a share buyback of 15,000 shares on April 17, 2025.
- The buyback was executed at a volume-weighted average price of 888.04 pence per share.
- Post buyback, the company will have 80,558,862 shares outstanding.
Diversified Energy Company PLC (DEC) announced the completion of a share buyback program on April 17, 2025. The company purchased a total of 15,000 ordinary shares at a volume-weighted average price of 888.04 pence through Peel Hunt LLP. The transaction price per share ranged from 874.71 to 891.00 pence.
Following the cancellation of these shares, Diversified Energy Company PLC will have 80,558,862 ordinary shares in issue, with no shares held in treasury. This updated figure will be used by shareholders for interest notifications under the FCA's Disclosure Guidance and Transparency Rules.
This strategic move indicates Diversified Energy's commitment to enhancing shareholder value by reducing the outstanding share count, which may potentially increase earnings per share for existing shareholders. However, it also represents a cash outflow that reduces the company's available capital for other operational needs or investments.