RNS Number : 9416Y
Diversified Energy Company PLC
28 February 2025
 

Neither this announcement, nor anything contained herein, shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Investors should not subscribe for or purchase any shares referred to in this announcement.

 

February 28th, 2025

 

Diversified Energy Company PLC

 

End of Stabilisation Notice

 

 

 

Further to the pre-stabilisation period announcement dated February 20, 2025, Citigroup Global Markets Inc (Contact: Gabriel Xia +1 212-723-3224) hereby gives notice that (i) the Stabilising Manager named below and its affiliates undertook stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014), including as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018)  in relation to the offer of the following securities, as set out below; (ii) the stabilisation period ends with immediate effect; and (iii)  the over-allotment option for 850,000 ordinary shares was not exercised.

 

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 transactions:

 

Trading Date

Quantity

Lowest price (USD)

Highest (USD)

Stabilisation Trading venue

20-Feb-25

159,212

$14.25

$14.40

New York Stock Exchange

21-Feb-25

146,930

$13.91

$14.25

New York Stock Exchange

24-Feb-25

174,999

$13.8884

$14.00

New York Stock Exchange

25-Feb-25

219,890

$13.799

$14.00

New York Stock Exchange

26-Feb-25

148,696

$13.59

$13.98

New York Stock Exchange

27-Feb-25

273

$13.90

$13.90

New York Stock Exchange

 

Important Notice to UK and EU Investors

 

The information contained in this announcement is for background purposes only and does not purport to be full or complete, and this announcement does not constitute or form part of any invitation or inducement to engage in investment activity. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.

 

Members of the public are not eligible to take part in the Company's previously announced underwritten public offering. This announcement is only addressed to and directed at specific addressees who: (A) if in member states of the European Economic Area (the "EEA"), are persons who are "qualified investors" within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (as amended) ("Qualified Investors"); and (B) if in the United Kingdom, are "qualified investors" within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (as amended) as it forms part of retained EU law by virtue of the European Union (Withdrawal) Act 2018 who are: (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order; or (C) are other persons to whom it may otherwise lawfully be communicated (all such persons referred to in (B) and (C) together being "Relevant Persons"). This announcement must not be acted or relied on (i) in the United Kingdom, by persons who are not Relevant Persons and (ii) in any member state of the EEA by persons who are not Qualified Investors. Any investment activity to which this announcement relates (i) in the United Kingdom, is available only to, and may be engaged in only with, Relevant Persons; and (ii) in any member state of the EEA, is available only to, and may be engaged only with, Qualified Investors.

 

This announcement is not for publication or distribution, directly or indirectly, in or into any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

 

This announcement is not an offer or solicitation to purchase or subscribe for, or otherwise invest in, securities, to any person in any jurisdiction to whom or in which such offer or solicitation is unlawful. No public offering of the securities referred to herein is being made in Australia, Japan or South Africa. Subject to certain exceptions, the Shares may not be offered or sold in Australia, Japan or South Africa or to, or for the account or benefit of, any national, resident or citizen of Australia, Japan or South Africa. 

 

Nothing contained herein constitutes or should be construed as: (i) investment, tax, financial, accounting or legal advice; (ii) a representation that any investment or strategy is suitable or appropriate to your individual circumstances; or (iii) a personal recommendation to you.

 

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