Diversified Energy Regulatory News (DEC)

The securities:

Issuer:

Diversified Energy Company PLC (the "Company")

Securities:

Ordinary Shares with a par value of £0.20 each

ISIN:

GB00BQHP5P93

Offering size:

8,500,000 Ordinary Shares (excluding the over-allotment option)

Description:

An underwritten public offering in the United States of up to 8,500,000 ordinary shares

Offer price:

 US$14.50

Stabilisation:

Stabilising manager:

Citigroup Global Markets Inc, 388 Greenwich Street, New York, New York 10013, United States of America 

Stabilisation period expected to start on:

20 February 2025

Stabilisation period expected to end no later than:

22 March 2025 (close of business), being the date which is 30 calendar days from the beginning of the stabilisation period

Existence, maximum size and conditions of use of over-allotment facility:

The Stabilising Manager may over-allot the securities to the extent permitted in accordance with applicable law, up to the maximum size of 850,000 Ordinary Shares (representing a maximum of 10% of the total number of Ordinary Shares comprised in the offer).

Stabilisation trading venue:

All Stabilisation activity will occur in the United States

Over-allotment Option:

Terms:

In connection with the offer, the Stabilising Manager or any of its agents may (but will be under no obligation to), to the extent permitted by applicable law, over-allot Ordinary Shares or effect other stabilisation transactions with a view to supporting the market price of the Ordinary Shares at a higher level than that which might otherwise prevail in the open market. The Stabilising Manager is not required to enter into such transactions and such transactions may be effected on any securities market, over-the-counter market, stock exchange or otherwise and may be undertaken at any time during the period commencing on the date of adequate public disclosure of the final price of the securities and ends no later than 30 calendar days after the date of allotment. However, there will be no obligation on the Stabilising Manager or any of its agents to effect stabilising transactions and there is no assurance that stabilising transactions will be undertaken. Such stabilisation, if commenced, may be discontinued at any time without prior notice. Except as required by law or regulation, neither the Stabilising Manager nor any of its agents intends to disclose the extent of any over-allotments made and/or stabilisation transactions conducted in relation to the offer.

For the purposes of allowing the Stabilising Manager to cover short positions resulting from any over-allotments and/or from sales of Ordinary Shares effected by it during the stabilising period, the Company has granted the Stabilising Manager an option (the "Over-allotment Option"), pursuant to which the Stabilising Manager may subscribe or procure subscribers for up to 850,000 additional Ordinary Shares (representing a maximum of 10% of the total number of Ordinary Shares comprised in the offer (the "Over-allotment Shares") at the offer price. The Over-allotment Option is exercisable in whole or in part upon notice by the Stabilising Manager, at any time during the stabilisation period.

Duration:

The Over-allotment Option may be exercised in full or in part at any time during the stabilisation period.