Diversified Energy Company PLC Vesting of RSU and PDMR Dealing (6845N)

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                           [phone] 
Wren Smith                                                   [e-mail] 
www.div.energy 
 
FTI Consulting                       [e-mail] 
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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June 06, 2022 02:01 ET (06:01 GMT)