Diversified Energy completes Maverick acquisition

Diversified Energy (DEC) Company announces the completion of its previously announced acquisition of Maverick Natural Resources. In connection with the Acquisition and following the overwhelming approving by the shareholders of the Company at the general meeting on March 10, 2025, the Company has allotted and issued 21,194,213 new ordinary shares in the capital of the Company. The Consideration Shares will be listed on the New York Stock Exchange and will rank pari passu in all respects with Diversified’s existing ordinary shares of GBP 0.20 nominal value each. Applications have been made to the Financial Conduct Authority for admission of the Consideration Shares to listing on the equity shares category of the Official List; and London Stock Exchange for admission of the Consideration Shares to trading on its main market for listed securities. It is expected that Admission will occur at 8.00 a.m. on 17 March 2025. Following the closing of the Acquisition, Rick Gideon, CEO of Maverick Natural Resources will become the COO of the Company effective March 18th, 2025. Other than as set out above, there has been no material change affecting any matter relating to the Acquisition contained in the announcements released by Diversified on January 27, 2025 and February 20, 2025.