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BIRMINGHAM, Ala. - Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has announced the successful passage of a resolution critical to the acquisition of Maverick Natural Resources, following a General Meeting held today. The resolution, which allows for the allotment and issuance of consideration shares for the acquisition, received overwhelming support from shareholders, with 99% in favor.
The approval is a significant step in the acquisition process, which was initially detailed in a January 27, 2025 announcement and further outlined in a February 20, 2025 shareholder circular. The vote results showed 28,359,028 votes for the resolution, 213,759 against, and 49,696 withheld. A withheld vote is not counted in the legal calculation of votes for or against a resolution.
The board expressed gratitude to the shareholders for their support and input throughout the process. The acquisition’s timing has also been updated, with the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) waiting period expiring on March 7, 2025. This expiration meets a crucial condition for finalizing the transaction, putting the company on track to complete the acquisition before the end of the first quarter of 2025.
A follow-up announcement is expected once the acquisition is finalized. This move is part of Diversified Energy’s strategic growth and is based on a press release statement.
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