Business
Acquisition and Proposed Fundraising
Acquisition and Proposed Fundraising.
About this update from Diversified Energy Company
[{"type":"text","content":"\n \n \n \n THIS ANNOUNCEMENT (INCLUDING APPENDIX 1) AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED, FOR INFORMATION PURPOSES ONLY AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, AND DO NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE, DISTRIBUTION, OFFER OR SALE WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \n \n \n \n FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO. 596/2014 ON MARKET ABUSE (\"UK MAR\"), AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.\n \n \n \n \n \n \n \n \n \n 8 February 2023\n \n \n \n \n DIVERSIFIED ENERGY COMPANY PLC\n \n \n \n \n (\"Diversified\", \"Diversified Energy\" or the \"Company\")\n \n \n \n \n \n \n \n \n \n Acquisition and Proposed Fundraising\n \n \n \n DIVERSIFIED ENERGY COMPANY PLC (LSE: DEC), announces that it has entered into a purchase agreement to acquire certain upstream assets and related infrastructure in its Central Region from Tanos Energy Holdings II LLC (\"Tanos\", and such acquisition, the \"Acquisition\").\n \n \n \n \n \n The Company further announces its intention to carry out a fundraise (the \"Proposed Fundraising\") for approximately US$160 million. The Proposed Fundraising will comprise a non-pre-emptive placing of new ordinary shares of £0.01 each in the Company (the \"Placing Shares\") at the Placing Price (as defined below) (the \"Placing\") and an offer made by the Company on the REX Platform of new ordinary shares of £0.01 each in the Company (the \"Retail Offer Shares\", together with the Placing Shares the \"Fundraising Shares\") at the Placing Price (the \"Retail Offer\") to provide existing retail shareholders with an opportunity to participate. The Company will make a separate announcement regarding the Retail Offer and its terms. The Company will announce the number of Placing Shares and Retail Offer Shares, and the Placing Price, at the close of the bookbuilding process.\n \n \n ...