Vesting Restricted Stock & PDMR Share Dealing

Diversified Energy Company PLC
03 July 2023
 

3 July 2023

 

Diversified Energy Company PLC

("DEC" or the "Company")

 

Vesting of Restricted Stock Units and PDMR Share Dealings

 

Diversified Energy Company PLC (LSE: DEC), announces the vesting of 125,000 Restricted Stock Units ("RSUs") previously issued under the Company's equity incentive plan (the "Plan") to Benjamin Sullivan, Executive Vice President, General Counsel and Corporate Secretary.

 

To settle the award, the Company will transfer 59,562 ordinary shares of £0.01 each (net of withholding tax) from its Employee Benefit Trust (the "EBT")(a). As disclosed in the Company's 2022 Annual Report, Diversified established the trust to eliminate dilution from vesting events under the Group's share based incentive plans.


Mr. Sullivan now holds 616,280 shares in the Company, representing 0.06% of the Company's issued share capital.

 

a)

Diversified's Employee Benefit Trust is operated by a third-party entity.

 

For further information, please contact:

Diversified Energy Company PLC

+1 973 856 2757

Doug Kris, Vice President, Investor Relations

 

www.div.energy

 

dkris@dgoc.com

 

 

 

FTI Consulting

 

US & UK Financial Public Relations

 

dec@fticonsulting.com

 

 

 

About Diversified Energy Company PLC

Diversified Energy Company PLC is an independent energy company engaged in the production, marketing, transportation and retirement of primarily natural gas related to its 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

Benjamin Sullivan

2

Reason for the notification

a)

Position/status

Executive Vice President, General Counsel and Corporate Secretary

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

Bonus award of restricted stock units constituting a right to acquire Ordinary Shares of 1p each

 

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)

 

 

£Nil

59,562

d)

Aggregated information

N/A single transaction

 

Aggregated volume

N/A single transaction

 

Price

N/A single transaction

e)

Date of the transaction

1 July 2023

f)

Place of the transaction

Outside a trading venue (XOFF)

 

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