Diversified Energy Company ( (GB:DEC) ) has provided an announcement.
Diversified Energy Company PLC has executed a share buyback program, acquiring 42,176 Ordinary Shares at an average price of 1,039.49 pence per share. This move is part of its strategy to manage its capital structure and enhance shareholder value. Following the cancellation of these shares, the company will have 80,893,837 Ordinary Shares in issue, which will serve as the new denominator for shareholder interest calculations under regulatory guidelines.
More about Diversified Energy Company
Diversified Energy Company PLC is a leading publicly traded energy company specializing in natural gas and liquids production, transport, marketing, and well retirement. The company focuses on acquiring long-life assets and investing in them to enhance environmental and operational performance, eventually retiring them safely and sustainably. Diversified is recognized for its sustainability leadership and aims to responsibly produce energy, deliver reliable cash flow, and generate shareholder value.
YTD Price Performance: -22.42%
Average Trading Volume: 173,702
Technical Sentiment Signal: Buy
Current Market Cap: £821.4M
See more data about DEC stock on TipRanks’ Stock Analysis page.