Diversified Energy Company PLC Vesting of Restricted Stock Units (6361A)
June 03 2021 - 1:00AM
UK Regulatory
TIDMDEC
RNS Number : 6361A
Diversified Energy Company PLC
03 June 2021
3 June 2021
Diversified Energy Company PLC
("Diversified" or the "Company")
Vesting of Restricted Stock Units
Diversified Energy Company PLC (LSE: DEC) announces the vesting
of 250,000 Restricted Stock Units ("RSUs") issued under its equity
incentive plan (the "Plan") to Jim Rode, Executive Vice President
and Chief Commercial Officer of Diversified. The Company has
therefore issued and allotted an aggregate of 189,125 new ordinary
shares of 1 pence each in the Company (the "New Shares") (net of
withholding tax). Mr. Rode now holds 539,125 Ordinary Shares in the
Company, representing 0.06% of the Company's issued share
capital.
Diversified has applied for the New Shares to be admitted to the
Premium Listing Segment of the Official List of the Financial
Conduct Authority and to trading on the main market of the London
Stock Exchange PLC, and expects admission on or around 7 June 2021.
The New Shares will rank pari passu in all respects with the
Company's existing ordinary shares of 1 pence each ("Ordinary
Shares").
Including the New Shares, the Company has 849,433,824 Ordinary
Shares in issue and holds no Ordinary Shares in treasury.
Shareholders may use 849,433,824 as the denominator in calculations
to determine if they must notify the Company of their interest in,
or a change to their invested interest under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.
For further information, please contact:
Diversified Energy Company PLC +1 205 408 0909
Teresa Odom, Vice President,
Investor Relations
www.div.energy
ir@dgoc.com
Buchanan +44 20 7466 5000
Financial Public Relations
Ben Romney
Chris Judd
Kelsey Traynor
James Husband
dgo@buchanan.uk.com
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
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jim Rode
---
2 Reason for the notification
---
a) Position/status Executive Vice President & Chief Commercial
Officer
---
b) Initial notification/Amendment Initial notification
--- -----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---
a) Name Diversified Energy Company PLC
---
b) LEI 213800YR9TFRVHPGOS67
---
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
---
a) Description of the Restricted stock units constituting a right
financial instrument, to acquire Ordinary Shares of 1p each
type of instrument
---
Identification code GB00BYX7JT74
---
b) Nature of the transaction Vesting of restricted stock units under
the Company's equity incentive plan
--- -----------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
--- ----------------------------------------- -----------------------
GBPNil 189,125
---------------------------------------------------------------------
d) Aggregated information N/A single transaction
---
Aggregated volume N/A single transaction
Price N/A single transaction
e) Date of the transaction 1 June 2021
---
f) Place of the transaction Outside a trading venue (XOFF)
---
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END
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