Diversified Energy Company (GB:DEC) has released an update.
Diversified Energy Company PLC has bought back 3,750 of its own shares at an average price of 1,106 pence each, as part of its share repurchase program announced on 27 June 2023, further reducing its outstanding shares to 47,278,929. Following the transaction, the shares will be cancelled, potentially increasing the value of remaining shares. This move comes as part of the company’s strategy to deliver shareholder value and enhance capital efficiency.
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