Diversified Energy Company PLC Vesting of RSU and PDMR Dealing (6845N)
06 June 2022 - 4:01PM
UK Regulatory
TIDMDEC
RNS Number : 6845N
Diversified Energy Company PLC
06 June 2022
6 June 2022
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 250,000 Restricted Stock Units ("RSUs") previously issued under
the Company's equity incentive plan to Jim Rode, Executive Vice
President and Chief Commercial Officer. Accordingly, Diversified
has issued and allotted an aggregate of 189,125 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 10
June 2022. The New Shares will rank pari passu in all respects with
the Company's existing ordinary shares of 1 pence each ("Ordinary
Shares").
Mr. Rode now holds 728,250 shares in the Company, representing
0.09% of the Company's issued share capital following admission of
the New Shares.
Including the New Shares, the Company has 850,737,603 Ordinary
Shares in issue and holds no Ordinary Shares in treasury.
Shareholders may use the 850,737,603 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
Wren Smith ir@dgoc.com
www.div.energy
FTI Consulting deccommunications@fticonsulting.com
US & UK Financial Public Relations
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 Jim Rode
--- ----------------------------------------
2 Reason for the notification
---
a) Position/status Executive Vice President and Chief Commercial
Officer
--- -----------------------------------------------------
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 Bonus award of restricted stock units constituting
financial instrument, a right to acquire Ordinary Shares of 1p
type of instrument 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)
--- ----------------------------------------
GBPNil 189,125
-----------------------------------------------------------------------
d) Aggregated information N/A single transaction
--- -----------------------------------------------------
Aggregated volume N/A single transaction
---------------------------------------------------------
Price N/A single transaction
---------------------------------------------------------
e) Date of the transaction 1 June 2022
--- -----------------------------------------------------
f) Place of the transaction Outside a trading venue (XOFF)
--- -----------------------------------------------------
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END
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