Diversified Energy Company ( (GB:DEC) ) has shared an announcement.
Diversified Energy Company PLC announced the purchase of 37,142 ordinary shares as part of its share buyback program, with the acquired shares set to be canceled. This transaction reduces the total number of shares in circulation, potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules. The buyback, executed through Peel Hunt LLP, reflects the company’s ongoing efforts to manage its capital structure and enhance shareholder value.
More about Diversified Energy Company
Diversified Energy Company PLC is a leading publicly traded energy company that focuses on the production, transport, marketing, and retirement of natural gas and liquids. The company employs a strategy of acquiring long-life assets and investing in them to enhance environmental and operational performance, ultimately retiring them safely. Diversified is recognized for its sustainability leadership and aims to responsibly produce energy while delivering reliable cash flow and generating shareholder value.
YTD Price Performance: -23.11%
Average Trading Volume: 173,522
Technical Sentiment Signal: Buy
Current Market Cap: £836.4M
For detailed information about DEC stock, go to TipRanks’ Stock Analysis page.