Diversified Energy Company (LON:DEC, NYSE: DEC) has announced the pricing of the previously announced underwritten public offering by certain funds or entities managed by an affiliate of EIG of 7,501,585 shares of Diversified’s common stock, par value $0.01 per share, which represents all remaining holdings of the Selling Stockholder, at a price to the public of $14.45 per share. Subject to the completion of the Secondary Offering, Diversified has agreed to purchase from the underwriter 3,750,000 shares of common stock at a price per share equal to the price per share paid by the underwriter to the Selling Stockholder in the Secondary Offering.
Diversified is not offering any shares of common stock in the Secondary Offering and will not receive any proceeds from the sale of shares of common stock in the Secondary Offering. The Secondary Offering is expected to settle on March 11, 2026, subject to customary closing conditions.
Citigroup is acting as the sole bookrunning manager for the Secondary Offering.
A shelf registration statement relating to the resale of these securities was filed with the U.S. Securities and Exchange Commission (the “SEC“) on March 9, 2026 and became effective upon filing. A preliminary prospectus supplement and the accompanying prospectus relating to and describing the terms of the Secondary Offering were filed with the SEC and are available free of charge by visiting EDGAR on the SEC’s website at www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus related to the Secondary Offering can be accessed through the SEC’s website free of charge at www.sec.gov or obtained free of charge from the underwriter for the Secondary Offering: Citigroup, c/o Broadridge Financial Solutions, at 1155 Long Island Avenue, Edgewood, NY 11717, or by phone at 800-831-9146.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy our shares of common stock nor shall there be any sale of securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
