Diversified Energy Company (GB:DEC) has released an update.
Diversified Energy Company PLC has executed a share buyback, purchasing 3,750 of its own ordinary shares at a volume-weighted average price of 1,069 pence each. These shares are set to be cancelled, which will leave the company with 47,301,429 ordinary shares in issue. This move is part of a share buyback programme that was announced previously and is a step in the company’s strategy to generate shareholder value and deliver reliable cash flow.
For further insights into GB:DEC stock, check out TipRanks’ Stock Analysis page.
