M&A - Diversified Energy Co PLC

Form Type: SCHEDULE 13D

Filing Date: 2025-05-29

Corporate Action: Merger

Type: New

Accession Number: 000121390025048513

Filing Summary: On January 24, 2025, a merger agreement was entered into involving Diversified Energy Company plc and Maverick Natural Resources, culminating in a merger on March 14, 2025. As part of this merger, the Reporting Persons received 14,330,718 ordinary shares of Diversified Energy Co PLC in exchange for their interests in Maverick Natural Resources, alongside previously held shares. The Reporting Persons have future resale limitations on these shares as stipulated in a Registration Rights Agreement, and they hold rights to nominate directors to the board under certain conditions. Further, on May 27, 2025, the Reporting Persons sold a portion of their shares in a Block Trade, priced at $13.73 per share. The document outlines the structure and management of the Reporting Persons, their investment strategies, and their potential future actions regarding shares and asset management.

Form Type: F-3ASR

Filing Date: 2025-05-16

Corporate Action: Acquisition

Type: New

Accession Number: 000114036125019510

Filing Summary: Diversified Energy Company PLC filed a Form F-3ASR registration statement with the SEC on May 16, 2025, for the resale of 19,910,181 ordinary shares. These shares were originally issued during their acquisition of Maverick Natural Resources, LLC, which closed on March 14, 2025. The selling shareholders, who are identified in the document, will sell the shares at prevailing or negotiated market prices without any proceeds going to Diversified Energy. The registered ordinary shares, held in part by various investment funds, are planned to be sold through different methods, including regular brokerage transactions and direct sales. Investors should be aware of risks associated with the investment as outlined in the prospectus, including market volatility and operational risks post-acquisition. The company's shares are traded on the NYSE and LSE, with recent prices recorded as $13.87 on the NYSE and £10.63 (equivalent to $14.14) on the LSE as of May 14, 2025. The prospectus includes forward-looking statements regarding the company's strategy and risk factors involved in its business operations.