Diversified Energy Share News (DEC)

UK shareholder meetings calendar - next 7 days

IN BRIEF: Diversified Energy raises USD163.0 million for acquisition

Diversified Energy Co PLC - Alabama, US-based gas and oil production company - Raises total gross proceeds of USD163.0 million in a placing of 128.4 million shares at an issue price of 105 pence per share. Notes that the issue price represents a 5.2% discount from the closing mid-market price on February 8. Plans to use the proceeds to partially fund the USD250 million consideration for the acquisition of upstream assets and related infrastructure from Tanos Energy Holdings II LLC. Issues 128.4 million new shares in total, representing 15% of its ordinary share capital. Expects the admission of these shares to take place at GBP0800 on February 28.

Diversified Energy raises USD163 million to fund Tanos acquisition

(Alliance News) - Diversified Energy Co PLC on Thursday said it has raised USD163.0 million in gross proceeds via a share placing.

TRADING UPDATES: Diversified plans fundraise; Highcroft ends sale

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

IN BRIEF: Diversified Energy reports double-digit rise in 2022 output

Diversified Energy Co PLC - Alabama, US-based gas and oil production company - Says average production for 2022 amounts to 135,000 barrels of oil equivalent per day, up 14% from 119,000 a year ago. Maintains a cash margin of 50%, reflecting its "investment in Central Region assets," Diversified says. Total cash expenses amount to USD10.41 per barrel of oil equivalent, up 31% from USD7.95 per boe.

LONDON BROKER RATINGS: Bernstein cuts Aveva to 'market-perform'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Diversified Energy ups quarterly dividend as eyes US dual-listing

(Alliance News) - Diversified Energy Co PLC on Monday said it traded in line with expectations during the third quarter, as it declared an increased quarterly dividend.

LONDON BRIEFING: Informa upgrades full-year outlook on revenue growth

(Alliance News) - Stocks in London are called higher on Monday after Democrats in the US managed to keep control of the Senate, and the UK government promised crack down on an "outrageous" waste of public money.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Diversified achieves Gold Standard Pathway in UN partnership

Diversified Energy Co PLC - Alabama, US-based gas and oil production company - Achieves Gold Standard Pathway, the highest recognition available from the United Nation's Oil & Gas Methane Partnership 2.0, for its commitment to reduce methane emissions and provide measurement-based transparent reporting.

Diversified Energy closes securitised financing of Oklahoma assets

(Alliance News) - Diversified Energy Co PLC on Monday said it has completed a fourth ESG-aligned asset-backed securitisation of its co-owned assets in Oklahoma, alongside Oaktree Capital Management Ltd.

Diversified Energy closes ESG-aligned asset-backed securitisation of Oklahoma assets

(Sharecast News) - Independent energy company Diversified Energy said on Monday that both it and Oaktree Capital Management had jointly closed an ESG-aligned asset-backed securitisation of certain co-owned producing natural gas and oil assets located in Oklahoma.

LONDON BROKER RATINGS: Redburn likes Flutter; RBC cuts Smiths

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: