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Last checked at 
15 Dec 2023 16:31
15 December 2023
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DIVERSIFIED ENERGY COMPANY PLC
(the "Company")Ā
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Q2 2023Ā Dividend Exchange RateĀ Ā
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Diversified Energy Company PLC (LSE: DEC) announced, on 1 SeptemberĀ 2023,Ā an interimĀ dividend in respect of theĀ secondĀ quarter ended 30 June 2023 of 4.375Ā cents per share of Ā£0.01 each ("Q2Ā 2023Ā Dividend"). This per share amount reflects the record date for the dividend occurring prior to the 20 for 1 share consolidation on Tuesday, 5 December 2023 (the "Consolidation"). As previously announced, the Company intends to pay the Q2Ā 2023Ā Dividend onĀ 29 DecemberĀ 2023 to those shareholdersĀ on the register onĀ 1 December 2023.Ā
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The Company announces that shareholders who have elected to receive Q2Ā 2023Ā Dividend in GBP sterling will receive an equivalent payment ofĀ 3.42Ā pence per share, based on theĀ 14 DecemberĀ 2023 exchange rate of GBP 0.78185=US $1.00.
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Beginning with the Q3 2023 dividend payment as announced on 15 November 2023, the per share dividend will be reflected on a post-Consolidation basis.
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Illustrative Dividend Payment Example:
The illustrative Q3 2023 dividend payment example provides shareholders with a calculation for how the Q3 2023 Dividend payment will be adjusted for ordinary shares of Ā£0.20 each as of the record date.
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Pre-Consolidation: 100 shares xĀ $0.04375Ā (declared dividend) =Ā $4.375Ā (total shareholder payment)
Post-Consolidation: 5 shares xĀ $0.875Ā (adjusted declared dividend) =Ā $4.375Ā (total shareholder payment)
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ForĀ further information, please contact:Ā
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AboutĀ Diversified Energy Company PLCĀ
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Diversified is a leading independent energy company focused on producing, marketing, transporting, and retiring primarily natural gas and liquids assets. Our differentiated strategy provides the solution for existing long-life assets that have become non-core to traditional exploration companies. We acquire and then invest in each asset to improve environmental and production performance and ultimately retire the wells in a safe and environmentally secure process. This stewardship approach makes us the Right Company at the Right Time, enabling us to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.
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Forward-looking statements
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This announcement includes forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond the Company's control and all of which are based on management's current beliefs and expectations about future events. Forward-looking statements are sometimes identified by the use of forward-looking terminology such as "believe", "expects", "targets", "may", "will", "could", "should", "shall", "risk", "intends", "estimates", "aims", "plans", "predicts", "continues", "assumes", "positioned" or "anticipates" or the negative thereof, other variations thereon or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this announcement and include statements regarding the intentions, beliefs or current expectations of management or the Company concerning, among other things, the results of operations, financial condition, prospects, growth, strategies and dividend policy of the Company and the industry in which it operates.
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