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LONDON - Diversified Energy Company PLC (LSE: DEC; NYSE: DEC), an energy company specializing in natural gas and liquids production, announced the approval and publication of its prospectus by the Financial Conduct Authority (FCA) on Thursday. The prospectus, dated February 20, 2025, details the admission of ordinary shares allotted in a recent capital raise to the Official List of the FCA and to trading on the London Stock Exchange (LON:LSEG). The new shares are expected to start trading on February 24, 2025, at 8.00 am London time.
In a separate but related development, the company has also issued a circular to its shareholders regarding a general meeting to be held on March 10, 2025. This meeting is convened to discuss the proposed acquisition of Maverick Natural Resources, LLC, which was previously announced on January 27, 2025. The acquisition is classified as a significant transaction according to the Listing Rules due to its size relative to Diversified.
The general meeting will take place in London and will also be accessible at the corresponding time in New York. Shareholders will receive the circular and related documents, which are also available on the company’s website.
Diversified’s acquisition of Maverick is part of its strategy to acquire and improve existing long-life assets. The company emphasizes its commitment to responsible energy production and environmental stewardship, aiming to retire assets safely and securely.
The information on the prospectus, circular, and acquisition update is based on a press release statement and can be inspected at the National Storage Mechanism website.
Diversified’s approach to business has been recognized by ratings agencies and organizations for its sustainability leadership. The company continues to focus on delivering reliable free cash flow and generating shareholder value while maintaining a commitment to environmental and operational performance improvements.
The upcoming general meeting will provide shareholders with the opportunity to discuss and vote on the proposed acquisition, which is a significant step in Diversified’s growth strategy.
Investors and stakeholders can access the documents on the company’s website and the National Storage Mechanism, providing transparency and detailed information regarding the company’s plans and operations.
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