Business
Diversified Energy Announces Proposed Secondary Offering of Ordinary Shares
Diversified Energy Announces Proposed Secondary Offering of Ordinary Shares BIRMINGHAM, Ala., Sept. 16, 2025 (GLOBE NEWSWIRE) -- Diversified Energy Company PLC (LSE: DEC; NYSE: DEC) (“Diversified” or the “Company”), an independent energy company focused on natural gas and liquids production, transportation, marketing and well retirement, today announces the launch of an underwritten public offering (the “Secondary Offering”) in the United States by certain funds or entities managed by an affilia
About this update from Diversified Energy Company
[{"type":"image","alt":"Diversified Energy PLC","displaySize":"","headline":null,"caption":"Diversified Energy PLC","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":91,"url":"https://media.zenfs.com/en/globenewswire.com/a9db8a2009db65321767c2d233751d05"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/LMc0MSFvTmF5USVNgZ9BDw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEyNztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/a9db8a2009db65321767c2d233751d05","width":300,"height":91}},"lazy":false},{"type":"text","content":"Diversified Energy Announces Proposed Secondary Offering of Ordinary Shares","length":75,"tagName":"p"},{"type":"text","content":"BIRMINGHAM, Ala., Sept. 16, 2025 (GLOBE NEWSWIRE) -- Diversified Energy Company PLC (LSE: DEC; NYSE: DEC) (“Diversified” or the “Company”), an independent energy company focused on natural gas and liquids production, transportation, marketing and well retirement, today announces the launch of an underwritten public offering (the “Secondary Offering”) in the United States by certain funds or entities managed by an affiliate of EIG (“EIG”), an entity managed by FS/EIG Advisor, LLC and certain entities managed by FS/KKR Advisor, LLC (collectively, the “Selling Stockholders”) of 5,713,353 ordinary shares, nominal (par) value £0.20 per share (the “ordinary shares”). In addition, the Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 857,002 ordinary shares at the public offering price, less underwriting discount. The Diversified Employee Benefit Trust (the “EBT”), which is operated through a third-party trustee, has indicated an interest to participate and purchase up to 750,000 ordinary shares being sold in the Secondary Offering at a price per ordinary share equal to the public offering price, although no commitment to purchase has been made.","length":1223,"tagName":"p"},{"type":"text","content":"The Secondary Offering consists entirely of ordinary shares to be sold by the Selling Stockholders. The Selling Stockholders will receive all of the net proceeds from the Secondary Offering. Diversified is not offering any ordinary shares in the Secondary Offering and will not receive any proceeds from the sale of ordinary shares in the Secondary Offering.","length":358,"tagName":"p"},{"type":"text","content":"Mizuho and R...