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Diversified Energy Launches Share Buyback Program

Story Highlights
  • Diversified Energy announces a share buyback program to repurchase up to 4,756,842 shares.
  • The buyback aims to reduce issued share capital, leveraging discounted share value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Diversified Energy Launches Share Buyback Program

Diversified Energy Company ( (GB:DEC) ) has provided an announcement.

Diversified Energy Company has announced a share buyback program, allowing the repurchase of up to 4,756,842 shares with a total market value not exceeding £52.3 million. This initiative aims to reduce the company’s issued share capital, leveraging a capital allocation opportunity as the shares are trading at a discount to net asset value. The program will be executed under regulatory guidelines and is set to expire by June 2026 or at the company’s 2026 AGM. The buyback will be facilitated by Peel Hunt LLP, ensuring purchases occur independently during closed periods.

More about Diversified Energy Company

Diversified Energy Company is a leading publicly traded energy firm focused on the production, transport, marketing, and retirement of natural gas and liquids. The company is recognized for its sustainability leadership and employs a strategy of acquiring long-life assets to enhance environmental and operational performance, ultimately retiring them safely.

YTD Price Performance: -24.32%

Average Trading Volume: 164,654

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £811.5M

See more insights into DEC stock on TipRanks’ Stock Analysis page.

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