Business
Results of Fundraising
Results of Fundraising.
About this update from Diversified Energy Company
[{"type":"text","content":"\n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED, FOR INFORMATION PURPOSES ONLY AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, AND DO NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN OR INTO THE UNITED STATES,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 \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 \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 9 February 2023\n \n \n \n \n Diversified Energy Company PLC\n \n \n \n \n \n \n \n \n \n (\"Diversified\" or the \"Company\")\n \n \n \n \n \n \n \n \n \n Results of Fundraising\n \n \n \n \n \n \n \n \n DIVERSIFIED ENERGY COMPANY PLC (LSE: DEC), is pleased to announce that it has successfully raised gross proceeds of US$163.0 million (approximately £134.9 million) (US$156.4 million net of expenses, approximately £129.4 million net of expenses), by way of a placing of new ordinary shares (the \"Placing\") of £0.01 each in the Company (the \"\n \n Placing Shares\n \n \") and an offer by the Company on the REX Platform of new ordinary shares of £0.01 each in the Company (the \"Retail Offer\") (the \"Retail Offer Shares\", together with the Placing Shares the \"Fundraising Shares\"). The Placing and the Retail Offer shall together constitute the \"Fundraising\".\n \n \n \n \n \n The Fundraising was completed at a price of 105 pence per Fundraising Share the (\"Fundraising Price\"). The Fundraising Shares will, subject to\n the passing of the Resolutions at the General Meeting and\n Admission, represent 15.2% of the Company's existing ordinary share capital, or 128,444,000 new Ordinary Shares in total (126,737,763 Placing Shares, 1,706,237 Retail Offer Shares). The Fundraising Price is equal to a 5.2% discount from the closing mid-market price on 8 Februar...