Diversified Energy prices public offering of ordinary shares at $14.50/share

From GlobeNewswire: 2025-02-19 22:25:55

Diversified Energy Company PLC has priced its public offering of 8,500,000 ordinary shares at $14.50 per share, totaling approximately $123.3 million in gross proceeds. The offering is expected to settle on February 21, 2025, with Citigroup and Mizuho as joint book-running managers and underwriters. The net proceeds will be used to repay debt related to the proposed acquisition of Maverick Natural Resources, LLC. The shares will be listed on the London Stock Exchange on February 24, 2025. The offering structure was chosen to minimize cost, time, and complexity.

In connection with the offering, Citigroup may over-allot shares to support market price, with no obligation to do so. Citigroup and Mizuho are acting exclusively for the Company in the offering. The Company consulted major shareholders and investors before the announcement, respecting principles of pre-emption in the allocation process. Important information for UK and EU investors is provided, with the offering limited to qualified investors. This announcement does not constitute an offer to sell securities.



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