Last checked at 2 Jul 2021 08:00
2 July 2021
Diversified Energy Company PLC
("Diversified" or the "Company")
Vesting of Restricted Stock Units and PDMR Share Dealings
Diversified Energy Company PLC (LSE: DEC), announces the vesting of 161,666 Restricted Stock Units ("RSUs") issued under its equity incentive plan (the "Plan") to two members of senior management of the Company. Diversified has therefore issued and allotted an aggregate of 112,337 new ordinary shares of 1 pence each in the Company (the "New Shares") (net of withholding tax).
The Company has applied for the New Shares to be admitted to the Premium Listing Segment of the Official List of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange PLC, and expects admission to occur on or around 7 July 2021. The New Shares will rank pari passu in all respects with the Company's existing ordinary shares of 1 pence each ("Ordinary Shares").
Benjamin Sullivan, Executive Vice President and General Counsel, received 86,433 of the New Shares and now holds 172,870 total shares in the Company, representing 0.02% of the Company's issued share capital following admission of the New Shares.
Including the New Shares, the Company has 849,546,161 Ordinary Shares in issue and holds no Ordinary Shares in treasury. Shareholders may use the 849,546,161 as the denominator in calculations to determine if they must notify the Company of their interest in, or a change to their invested interest under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
For further information, please contact:
Diversified Energy Company PLC | +1 205 408 0909 |
Teresa Odom | |
www.div.energy | |
ir@dgoc.com | |
Buchanan | +44 20 7466 5000 |
Financial Public Relations | |
Ben Romney | |
Chris Judd | |
Kelsey Traynor | |
James Husband | |
dec@buchanan.uk.com |
About Diversified Energy Company PLC
Diversified Energy Company PLC is an independent energy company engaged in the production, marketing and transportation of primarily natural gas related to its synergistic US onshore upstream and midstream assets.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Benjamin Sullivan | |
2 | Reason for the notification | ||
a) | Position/status | Executive Vice President & General Counsel | |
b) | Initial notification/Amendment | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Diversified Energy Company PLC | |
b) | LEI | 213800YR9TFRVHPGOS67 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a) | Description of the financial instrument, type of instrument | Bonus award of restricted stock units constituting a right to acquire Ordinary Shares of 1p each | |
Identification code | GB00BYX7JT74 | ||
b) | Nature of the transaction | Vesting of restricted stock units under the Company's equity incentive plan | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
£Nil | 86,433 | ||
d) | Aggregated information | N/A single transaction | |
Aggregated volume | N/A single transaction | ||
Price | N/A single transaction | ||
e) | Date of the transaction | 01 July 2021 | |
f) | Place of the transaction | Outside a trading venue (XOFF) | |