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NEW YORK - Diversified Energy Company PLC announced Wednesday the commencement of an underwritten secondary offering of 5,713,353 ordinary shares in the United States, priced at $13.75 per share.
The offering, valued at approximately $78.6 million, includes an over-allotment option that allows the stabilizing manager, Mizuho Securities USA LLC, to purchase up to an additional 857,002 shares, representing 10% of the total offering.
According to the company’s statement, the stabilization period is expected to begin September 17, 2025, and end no later than October 17, 2025. During this period, Mizuho may engage in transactions to support the market price of the shares, though it is not obligated to do so.
The over-allotment option may be exercised in full or in part at any time during the stabilization period, the company said in its press release.
Diversified Energy’s ordinary shares trade with the ISIN code GB00BQHP5P93. The company noted that all stabilization activity will occur in the United States.
The offering is directed at qualified investors in the United Kingdom and European Economic Area member states, in accordance with applicable securities regulations.
The company stated that the announcement does not constitute an offer to sell securities in jurisdictions where such offers would be unlawful, specifically mentioning restrictions in Australia, Japan, and South Africa.
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