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:
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Diversified Energy Company PLC |
+1 205 408 0909 |
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Doug Kris |
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FTI Consulting |
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US & UK Financial Public Relations |
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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
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Rusty Huston, Jr. |
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2 |
Reason for the notification |
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a) |
Position/status |
Executive Director of the Company's Board of Directors and Chief Executive Officer |
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b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Diversified Energy Company PLC |
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b) |
LEI |
213800YR9TFRVHPGOS67 |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Ordinary Shares of 1 pence each |
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Identification code |
GB00BYX7JT74 |
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b) |
Nature of the transaction |
a. Exercise of Options b. Net Settlement Withholding |
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c) |
Price(s) and volumes(s) |
Price(s) |
Volume(s) |
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a. £0.8400 b. £1.3800 |
a. 3,800,000 b. 2,868,421 |
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d) |
Aggregated information |
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Aggregated volume |
931,579 |
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Price |
£Nil
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e) |
Date of the transaction |
17 August 2022 |
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f) |
Place of the transaction |
London Stock Exchange (XLON) |
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