17th Sep 2025 04:24
Diversified Energy Co PLC - Birmingham, Alabama-based oil and gas production company - Announces the pricing of a secondary offer of approximately 5.7 million ordinary shares at a public offering price of USD13.75 per share. The selling shareholders have also given the underwriters a 30-day option to purchase a further 857,002 ordinary shares at the aforementioned price. All proceeds will go to the selling shareholders and Diversified says the company is not selling any stock itself. The offer is expected to settle on Thursday, subject to customary closing conditions.
Current stock price: closed up 1.4% at USD15.41 before falling 8.8% after hours to USD14.06
12-month change: up 34%
By Elijah Dale, Alliance News senior reporter Asia-Pacific
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