Diversified Energy Company (GB:DEC) has released an update.
Diversified Energy Company PLC has announced the purchase of 52,950 of its own shares at an average price of 967.40 pence each, as part of its share buyback program initiated in June 2023. The acquired shares are set to be cancelled, which will leave the company with 47,031,047 ordinary shares in issue. This share buyback move is a strategic effort to manage the company’s capital and potentially increase shareholder value.
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