t
| Date | 16 Aug 2022 |
| Time | 07:00:11 |
| Category | Director/PDMR dealings |
| ID | 1457W |
16 August 2022
Diversified Energy Company PLC
("Diversified" or the "Company")
Director / PDMR Shareholdings
Diversified Energy Company PLC (LSE:DEC) announces that on 11 August 2022, 12 August 2022 and 15 August 2022, members of its Board of Directors (the "Board") transacted in ordinary shares of 1p each in the Company ("Ordinary Shares").
On 11 August 2022, Bradley G. Gray, Executive Director of the Board, Chief Operating Officer and Executive Vice President exercised 825,000 vested stock options. To settle the award, the Company will transfer 185,439 ordinary shares of £0.01 ("ordinary Share") each (net of withholding tax) from its Employee Benefit Trust. Concurrent to the exercise of Stock Options, Mr. Gray elected to sell the newly allotted 185,439 net shares in the open market on 12 August 2022 at a price of 130.15 pence per Ordinary Share. Following the concurrent option exercise and sale of shares, Mr. Gray remains interested in 2,394,782 Ordinary Shares representing approximately 0.281% of the Company's issued share capital.
On 11 August 2022, Martin Thomas, Non-Executive Vice Chair of the Board acquired 6,000 Ordinary Shares through the open market at an average price of 129.96 pence per Ordinary Share. Following this purchase, Mr. Thomas is now interested in 2,206,000 Ordinary Shares representing approximately 0.259% of the Company's issued share capital.
On On 15 August 2022, David Turner, Independent Non-Executive Director of the Board acquired 6,975 Ordinary Shares through the open market at an average price of 135.00 pence per Ordinary Share. Following this purchase, Mr. Turner is now interested in 378,475 Ordinary Shares representing approximately 0.044% of the Company's issued share capital.
For further information, please contact:
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Diversified Energy Company PLC |
+1 205 408 0909 |
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Wren Smith |
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FTI Consulting |
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US & UK Financial Public Relations |
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About Diversified Energy Company PLC
Diversified Energy Company PLC is an independent energy company engaged in the production, marketing and transportation of primarily natural gas related to its synergistic US onshore upstream and midstream assets.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Bradley G. Gray |
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2 |
Reason for the notification |
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a) |
Position/status |
Executive Director of the Board, Chief Operating Officer and Executive Vice President |
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b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Diversified Energy Company PLC |
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b) |
LEI |
213800YR9TFRVHPGOS67 |
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument |
Ordinary Shares of 1 pence each |
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Identification code |
GB00BYX7JT74 |
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b) |
Nature of the transaction |
a. Exercise of Options b. Net Settlement Withholding c. Sale of Ordinary Shares |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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a. £0.8400 b. £1.3100 c. £1.3015 |
a. 825,000 b. 639,561 c. 185,439 |
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d) |
Aggregated information |
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Aggregated volume |
Net Settlement of Options Exercised - 185,439 Sale of Ordinary Shares - 185,439 |
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Price |
Net Settlement of Options Exercised - £Nil Sale of Ordinary Shares - £1.3015 |
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e) |
Date of the transaction |
Net Settlement of Options Exercised - 11 August 2022 Sale of Ordinary Shares - 12 August 2022 |
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f) |
Place of the transaction |
London Stock Exchange (XLON) |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Martin Thomas |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-Executive Vice Chair |
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b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Diversified Energy Company PLC |
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b) |
LEI |
213800YR9TFRVHPGOS67 |
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument |
Ordinary Shares of 1 pence each |
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Identification code |
GB00BYX7JT74 |
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b) |
Nature of the transaction |
Purchase of Ordinary Shares |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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£1.2996 |
6,000 |
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d) |
Aggregated information |
N/A - single transaction |
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Aggregated volume |
N/A - Single transaction |
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Price |
£1.2996 |
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e) |
Date of the transaction |
11 August 2022 |
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f) |
Place of the transaction |
London Stock Exchange (XLON) |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
David Turner |
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2 |
Reason for the notification |
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a) |
Position/status |
Independent Non-Executive Director |
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b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Diversified Energy Company PLC |
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b) |
LEI |
213800YR9TFRVHPGOS67 |
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument |
Ordinary Shares of 1 pence each |
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Identification code |
GB00BYX7JT74 |
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b) |
Nature of the transaction |
Purchase of Ordinary Shares |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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£1.3500 |
6,975 |
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d) |
Aggregated information |
N/A - single transaction |
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Aggregated volume |
N/A - Single transaction |
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Price |
£1.3500 |
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e) |
Date of the transaction |
15 August 2022 |
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f) |
Place of the transaction |
London Stock Exchange (XLON) |
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