Diversified Energy Company PLC Announces Proposed Secondary Offering of Ordinary Shares

Diversified Energy Company PLC (LSE: DEC; NYSE: DEC) announced the launch of an underwritten public offering (the "Secondary Offering") in the United States by certain funds or entities managed by an affiliate of EIG, FS/EIG Advisor, LLC, and FS/KKR Advisor, LLC. The Selling Stockholders plan to offer 5,713,353 ordinary shares, with a nominal value of £0.20 per share. Additionally, the Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 857,002 ordinary shares. The Diversified Employee Benefit Trust (EBT) has indicated an interest in purchasing up to 750,000 ordinary shares at the public offering price, although no commitment has been made. The Secondary Offering consists entirely of ordinary shares to be sold by the Selling Stockholders, who will receive all net proceeds. Diversified is not offering any shares and will not receive any proceeds from the sale. Mizuho and Raymond James are acting as joint book-running managers, with Citigroup also acting as a joint book-running manager. The offering is made pursuant to a shelf registration statement filed with the SEC on May 16, 2025.