IPO - Diversified Energy Co PLC

Form Type: 424B5

Filing Date: 2025-02-21

Corporate Action: Ipo

Type: New

Accession Number: 000114036125005319

Filing Summary: Diversified Energy Company PLC has filed a prospectus supplement for an offering of 8,500,000 ordinary shares at a price of $14.50 per share, raising an estimated total of $123,250,000. The shares are set to be listed on the New York Stock Exchange (NYSE) under the symbol 'DEC'. The last reported sale price was $15.01 on NYSE and £12.29 (approximately $15.47) on the London Stock Exchange (LSE). The offering includes an option for underwriters to purchase an additional 850,000 shares to cover over-allotments within 30 days. The expected delivery date for the shares is February 21, 2025. The filing includes risk factors related to the investment in the ordinary shares, as well as details regarding underwriting discounts, estimated proceeds, and the implications of being a foreign private issuer under U.S. federal securities laws.

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Form Type: 424B5

Filing Date: 2025-02-19

Corporate Action: Ipo

Type: New

Accession Number: 000114036125005065

Filing Summary: Diversified Energy Company PLC is offering 8,500,000 ordinary shares with a nominal par value of £0.20. The shares are listed on the New York Stock Exchange and the London Stock Exchange. The last reported sale price on the NYSE was $16.73 and on the LSE was £13.12 (approximately $16.54). The document indicates the company is a foreign private issuer under U.S. federal securities laws, implying reduced public company disclosure requirements. There are underwriting discounts detailed, and the underwriters have a 30-day option to purchase an additional 850,000 shares for over-allotments. The shares are expected to be delivered through The Depository Trust Company. The prospectus notes risks associated with investing and indicates that the company's financial statements have been prepared according to IFRS, differing from U.S. GAAP, with various financial results included through incorporation by reference.

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