BIRMINGHAM, Ala., March 14, 2025 (GLOBE NEWSWIRE) — Further to the announcements on January 27, 2025 and February 20, 2025, Diversified Energy Company PLC ((LSE: DEC, NYSE:DEC) (“Diversified” or the “Company“), an independent energy company focused on natural gas and liquids production, transportation, marketing and well retirement, today announces the completion of its previously announced acquisition of Maverick Natural Resources (the “Acquisition“).
Issue of shares
In connection with the Acquisition and following the overwhelming approving by the shareholders of the Company at the general meeting on March 10, 2025, the Company has allotted and issued 21,194,213 new ordinary shares in the capital of the Company (the “Consideration Shares“). The Consideration Shares will be listed on the New York Stock Exchange and will rank pari passu in all respects with Diversified’s existing ordinary shares of £0.20 nominal value each.
Applications have been made to (i) the Financial Conduct Authority (the “FCA“) for admission of the Consideration Shares to listing on the equity shares (commercial companies) category of the Official List; and (ii) London Stock Exchange plc for admission of the Consideration Shares to trading on its main market for listed securities (together, “Admission“). It is expected that Admission will occur at 8.00 a.m. (London time) on 17 March 2025.
Governance and Leadership
Following the closing of the Acquisition, Rick Gideon, Chief Executive Officer (CEO) of Maverick Natural Resources will become the Chief Operating Officer (COO) of the Company effective March 18th, 2025.
Other than as set out above, there has been no material …
Full story available on Benzinga.com
BIRMINGHAM, Ala., March 14, 2025 (GLOBE NEWSWIRE) — Further to the announcements on January 27, 2025 and February 20, 2025, Diversified Energy Company PLC ((LSE: DEC, NYSE:DEC) (“Diversified” or the “Company“), an independent energy company focused on natural gas and liquids production, transportation, marketing and well retirement, today announces the completion of its previously announced acquisition of Maverick Natural Resources (the “Acquisition“).
Issue of shares
In connection with the Acquisition and following the overwhelming approving by the shareholders of the Company at the general meeting on March 10, 2025, the Company has allotted and issued 21,194,213 new ordinary shares in the capital of the Company (the “Consideration Shares“). The Consideration Shares will be listed on the New York Stock Exchange and will rank pari passu in all respects with Diversified’s existing ordinary shares of £0.20 nominal value each.
Applications have been made to (i) the Financial Conduct Authority (the “FCA“) for admission of the Consideration Shares to listing on the equity shares (commercial companies) category of the Official List; and (ii) London Stock Exchange plc for admission of the Consideration Shares to trading on its main market for listed securities (together, “Admission“). It is expected that Admission will occur at 8.00 a.m. (London time) on 17 March 2025.
Governance and Leadership
Following the closing of the Acquisition, Rick Gideon, Chief Executive Officer (CEO) of Maverick Natural Resources will become the Chief Operating Officer (COO) of the Company effective March 18th, 2025.
Other than as set out above, there has been no material …
Full story available on Benzinga.com
BIRMINGHAM, Ala., March 14, 2025 (GLOBE NEWSWIRE) — Further to the announcements on January 27, 2025 and February 20, 2025, Diversified Energy Company PLC ((LSE: DEC, NYSE:DEC) (“Diversified” or the “Company”), an independent energy company focused on natural gas and liquids production, transportation, marketing and well retirement, today announces the completion of its previously announced acquisition of Maverick Natural Resources (the “Acquisition”).
Issue of shares
In connection with the Acquisition and following the overwhelming approving by the shareholders of the Company at the general meeting on March 10, 2025, the Company has allotted and issued 21,194,213 new ordinary shares in the capital of the Company (the “Consideration Shares”). The Consideration Shares will be listed on the New York Stock Exchange and will rank pari passu in all respects with Diversified’s existing ordinary shares of £0.20 nominal value each.
Applications have been made to (i) the Financial Conduct Authority (the “FCA”) for admission of the Consideration Shares to listing on the equity shares (commercial companies) category of the Official List; and (ii) London Stock Exchange plc for admission of the Consideration Shares to trading on its main market for listed securities (together, “Admission”). It is expected that Admission will occur at 8.00 a.m. (London time) on 17 March 2025.
Governance and Leadership
Following the closing of the Acquisition, Rick Gideon, Chief Executive Officer (CEO) of Maverick Natural Resources will become the Chief Operating Officer (COO) of the Company effective March 18th, 2025.
Other than as set out above, there has been no material …Full story available on Benzinga.com Read MoreDEC, M&A, News, Press Releases News
