Director / PDMR Shareholdings

RNS Number : 5386W

Diversified Energy Company PLC

19 August 2022

 

19 August 2022

 Diversified Energy Company PLC

("Diversified" or the "Company")

Director / PDMR Shareholdings

Diversified Energy Company PLC (LSE:DEC) announces that on 17 August 2022,  Rusty Huston, Jr., Executive Director of the Company's Board of Directors and Chief Executive Officer exercised 3,800,000 vested stock options. To settle the award, the Company will transfer 931,579 ordinary shares of £0.01 ("Ordinary Shares") each (net of exercise costs and withholding tax) from its Employee Benefit Trust. Following the exercise of options, Mr. Hutson is now interested in 22,206,001 Ordinary Shares representing approximately 2.610% of the Company's issued share capital.

For further information, please contact:

Diversified Energy Company PLC	[phone]
Doug Kris	[e-mail]
www.div.energy
FTI Consulting	[e-mail]
US & UK Financial Public Relations

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	Rusty Huston, Jr.
2	Reason for the notification
a)	Position/status	Executive Director of the Company's Board of Directors and Chief Executive 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 financial instrument, type of instrument	Ordinary Shares of 1 pence each
	Identification code	GB00BYX7JT74
b)	Nature of the transaction	a.  Exercise of Options b.  Net Settlement Withholding
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		a.  £0.8400 b.  £1.3800	a.  3,800,000 b.  2,868,421
d)	Aggregated information
	Aggregated volume	931,579
	Price	£Nil
e)	Date of the transaction	17 August 2022
f)	Place of the transaction	London Stock Exchange (XLON)

 

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