- Diversified Energy Company PLC (DEC, Financial) executed a share buyback of 31,898 shares at an average price of $13.94 per share.
- The transaction, completed on June 5, 2025, reduces DEC's outstanding shares to 78,672,415.
- Share buyback conducted across multiple trading venues, including NYSE and NASDAQ.
Diversified Energy Company PLC (DEC) has successfully continued its previously announced share buyback program by purchasing 31,898 ordinary shares at a volume-weighted average price of $13.9421 per share. This transaction, executed through Mizuho Securities USA LLC, is a part of the company's broader initiative to enhance shareholder value, initially announced on March 20, 2025.
The shares were purchased on June 5, 2025, with the price per share ranging from $13.855 to $14.00. Following the cancellation of these shares, DEC's total outstanding shares will decrease to 78,672,415. This reduction, though modest at 0.04%, is an integral part of DEC’s strategic capital return approach.
The buyback program was conducted across various trading platforms, ensuring competitive pricing and compliance with market regulations, particularly those concerning detailed trade information disclosures. The company's decision reflects a confidence in its intrinsic value and serves as an alternative method to dividends for returning capital to shareholders.
