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End of Stabilisation Notice: Diversified Energy
End of Stabilisation Notice: Diversified Energy.
About this update from Diversified Energy Company
[{"type":"text","content":"\n\nNeither this announcement, nor anything contained herein, shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not subscribe for or purchase any shares referred to in this announcement.\n \nFebruary 28th, 2025\n \nDiversified Energy Company PLC\n \nEnd of Stabilisation Notice\n \n \n \nFurther to the pre-stabilisation period announcement dated February 20, 2025, Citigroup Global Markets Inc (Contact: Gabriel Xia +1 212-723-3224) hereby gives notice that (i) the Stabilising Manager named below and its affiliates undertook stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014), including as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018) in relation to the offer of the following securities, as set out below; (ii) the stabilisation period ends with immediate effect; and (iii) the over-allotment option for 850,000 ordinary shares was not exercised.\n \n\n\n\n\nThe securities:\n\n\n\n\nIssuer:\n\n\nDiversified Energy Company PLC (the \"Company\")\n\n\n\n\nSecurities:\n\n\nOrdinary Shares with a par value of £0.20 each\n\n\n\n\nISIN:\n\n\nGB00BQHP5P93\n\n\n\n\nOffering size:\n\n\n8,500,000 Ordinary Shares (excluding the over-allotment option)\n\n\n\n\nDescription:\n\n\nAn underwritten public offering in the United States of up to 8,500,000 ordinary shares\n\n\n\n\nOffer price:\n\n\n US$14.50\n\n\n\n\nStabilisation:\n\n\n\n\nStabilising manager:\n\n\nCitigroup Global Markets Inc, 388 Greenwich Street, New York, New York 10013, United States of America \n \n\n\n\n\n \nStabilisation transactions:\n \n\n\n\n\nTrading Date\n\n\nQuantity\n\n\nLowest price (USD)\n\n\nHighest (USD)\n\n\nStabilisation Trading venue\n\n\n\n\n20-Feb-25\n\n\n159,212\n\n\n$14.25\n\n\n$14.40\n\n\nNew York Stock Exchange\n\n\n\n\n21-Feb-25\n\n\n146,930\n\n\n$13.91\n\n\n$14.25\n\n\nNew York Stock Exchange\n\n\n\n\n24-Feb-25\n\n\n174,999\n\n\n$13.8884\n\n\n$14.00\n\n\nNew York Stock Exchange\n\n\n\n\n25-Feb-25\n\n\n219,890\n\n\n$13.799\n\n\n$14.00\n\n\nNew York Stock Exchange\n\n\n\n\n26-Feb-25\n\n\n148,696\n\n\n$13.59\n\n\n$13.98\n\n\nNew York Stock Exchange\n\n\n\n\n27-Feb-25\n\n\n273\n\n\n$13.90\n\n\n$13.90\n\n\...