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Diversified Energy Company ( (DEC) ) has provided an update.
Diversified Energy Company has repurchased 28,904 shares of its common stock on the market at a volume-weighted average price of $14.3851 per share under its ongoing share buyback program and will cancel the acquired shares. Following this cancellation, the company’s total shares in issue will be reduced to 79,030,244, with none held in treasury, a change that affects the denominator used by investors for calculating disclosure thresholds under UK transparency rules and underscores the company’s continued use of buybacks as a capital management tool.
More about Diversified Energy Company
Diversified Energy Company is a publicly traded energy company that acquires, operates, and optimizes cash-generating, long-life energy assets. The company focuses on improving the environmental and operational performance of these assets throughout their lifecycle, ultimately retiring them in a safe and environmentally secure manner, and is recognized by ratings agencies and organizations for its sustainability-focused, stewardship-based approach to responsible energy production and cash flow generation.
See more insights into DEC stock on TipRanks’ Stock Analysis page.