Diversified Energy Plans to Offer Ordinary Shares

Diversified Energy Company PLC has recently announced the launch of an underwritten public offering in the United States for up to 8,500,000 ordinary shares. The Company, which is dedicated to natural gas and liquids production, as well as transportation, marketing, and well retirement, has engaged Citigroup and Mizuho as joint book-running managers and underwriters for this offering.

As part of this Offering, Diversified plans to grant the underwriters an option to purchase an additional 850,000 ordinary shares. The net proceeds from this Offering will be used to repay debts associated with the proposed acquisition of Maverick Natural Resources, LLC. However, in the event that the Acquisition does not finalize, the Company intends to allocate the net proceeds towards debt repayment and general corporate purposes. It is important to note that the completion of the Offering is not dependent on the completion of the Acquisition, and vice versa.

To facilitate this Offering, a shelf registration statement has been filed with the U.S. Securities and Exchange Commission (SEC) and became effective upon filing. The securities in question will be offered via a prospectus supplement and accompanying prospectus in the United States. Copies of these documents can be accessed for free through the SEC’s website. Additionally, a preliminary prospectus supplement related to the Offering will be filed with the SEC, also available for free on their website.

This announcement serves as a notification of intent and does not constitute an offer to sell or solicit an offer to buy ordinary shares from Diversified Energy Company PLC. Furthermore, there will be no sale of securities without proper registration or qualification under the jurisdiction’s securities laws. Interested parties are encouraged to reach out to the joint book-running managers for further details and inquiries regarding the Offering.

Diversified Energy Company PLC is a prominent entity in the energy sector, focusing on natural gas and liquids production, transportation, marketing, and well retirement. Their strategic approach sets them apart in the industry and ensures that acquisitions like the proposed Maverick Natural Resources, LLC fit seamlessly into their operations. With a focus on transparency and compliance, Diversified adheres to strict regulatory guidelines to maintain their standing as a leader in the energy market.