Diversified Energy Company PLC (LON:DEC) has completed the consolidation of its ordinary shares of £0.01 each on a 20 for 1 basis, with the ordinary shares of £0.20 each being admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange’s main market for listed securities, at 8 a.m. (GMT) on Tuesday, December 5th 2023.
All declared dividend amounts will be adjusted appropriately to reflect the number of ordinary shares of £0.20 each held by shareholders as of the respective record dates, with the quarterly dividend payment for the declared dividend amount per ordinary share reflecting the consolidation.
Illustrative Dividend Payment Example:
The illustrative dividend payment example provides shareholders with a calculation for how the declared dividend payment will be adjusted for shares as of the record date.
Pre-Consolidation: 100 shares x $0.04375 (declared dividend) = $4.375 (total shareholder payment)
Post-Consolidation: 5 shares x $0.875 (adjusted declared dividend) = $4.375 (total shareholder payment)
Diversified Energy Company is a publicly traded (LON: DEC; NYSE: DEC) leading energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.
