March 22, 2024
Diversified Energy Company
PLC
("Diversified," or the
"Company")
PDMR
Shareholdings
Diversified Energy Company PLC (LSE:
DEC; NYSE: DEC), announces the vesting of certain Performance Share
Units ("PSUs") and Restricted Stock Units ("RSUs") previously
awarded to Persons Discharging Material Responsibility ("PDMRs"),
resulting in a change to previously disclosed PDMR holdings of
Ordinary Shares of £0.20 each in the Company ("Ordinary
Shares").
Members of the Company's senior
management vested in previously awarded PSUs and RSUs
included:
•
Rusty Hutson, Jr, Co-Founder and Chief Executive Officer
•
Bradley Gray, President
and Chief Financial Officer
•
Benjamin Sullivan, Senior
Executive Vice President, Chief Legal & Risk Officer and
Corporate Secretary
Mr. Hutson's listed awards were
solely PSUs, while the awards to Mr. Gray, and Mr. Sullivan
included a mix of PSUs and RSUs. The
Company provides additional information about its 2021 long-term
incentive plan program within its Annual Report for the year ended
December 31, 2023 available on its website.
To settle the awards, the Company
will transfer Ordinary Shares (net of customary withholdings,
including taxes) from its Employee Benefit Trust (the "EBT") as set
forth in the table below:
|
Net Award
|
Shares Held
Post-Award
|
% of Issued Share
Capital
|
Rusty Hutson, Jr
|
18,989
|
1,226,634
|
2.58%
|
Bradley Gray
|
15,638
|
162,585
|
0.34%
|
Benjamin Sullivan
|
9,603
|
40,417
|
0.08%
|
For further information, please
contact:
Diversified Energy Company PLC
|
+1
973 856 2757
|
Doug Kris
|
dkris@dgoc.com
|
www.div.energy
|
|
|
|
FTI
Consulting
|
dec@fticonsulting.com
|
U.S. & UK Financial Public
Relations
|
|
About Diversified Energy Company PLC
Diversified is a leading publicly
traded energy company focused on natural gas and liquids
production, transport, marketing, and well retirement. Through our
differentiated strategy, we acquire existing, long-life assets and
invest in them to improve environmental and operational performance
until retiring those assets in a safe and environmentally secure
manner. Recognized by ratings agencies and organizations for our
sustainability leadership, this solutions-oriented, stewardship
approach makes Diversified the Right Company at the Right Time to
responsibly produce energy, deliver reliable free cash flow, and
generate shareholder value.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
a)
|
Name
|
Rusty Hutson, Jr
|
2
|
Reason for the notification
|
a)
|
Position/status
|
Co-Founder and Chief Executive
Officer
|
b)
|
Initial
notification/Amendment
|
Initial notification
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
a)
|
Name
|
Diversified Energy Company
PLC
|
b)
|
LEI
|
213800YR9TFRVHPGOS67
|
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
|
a)
|
Description of the financial
instrument, type of instrument
|
Bonus award of performance share
units constituting a right to acquire Ordinary Shares of 20p
each
|
|
Identification code
|
GB00BQHP5P93
|
b)
|
Nature of the transaction
|
Vesting of performance share units
units under the Company's equity incentive plan
|
c)
|
Price(s) and volumes(s)
|
Price(s)
|
Volume(s)
|
|
|
£Nil
|
18,989
|
d)
|
Aggregated information
|
N/A
single transaction
|
|
Aggregated volume
|
N/A single transaction
|
|
Price
|
N/A single transaction
|
e)
|
Date of the transaction
|
19 March 2024
|
f)
|
Place of the transaction
|
Outside a trading venue
(XOFF)
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
a)
|
Name
|
Bradley Gray
|
2
|
Reason for the notification
|
a)
|
Position/status
|
President and Chief Financial
Officer
|
b)
|
Initial
notification/Amendment
|
Initial notification
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
a)
|
Name
|
Diversified Energy Company
PLC
|
b)
|
LEI
|
213800YR9TFRVHPGOS67
|
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
|
a)
|
Description of the financial
instrument, type of instrument
|
Bonus award of performance share
units and restricted stock units constituting a right to acquire
Ordinary Shares of 20p each
|
|
Identification code
|
GB00BQHP5P93
|
b)
|
Nature of the transaction
|
Vesting of performance share units
units under the Company's equity incentive plan
|
c)
|
Price(s) and volumes(s)
|
Price(s)
|
Volume(s)
|
|
|
£Nil
|
15,638
|
d)
|
Aggregated information
|
N/A
single transaction
|
|
Aggregated volume
|
N/A single transaction
|
|
Price
|
N/A single transaction
|
e)
|
Date of the transaction
|
19 March 2024
|
f)
|
Place of the transaction
|
Outside a trading venue
(XOFF)
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
a)
|
Name
|
Benjamin Sullivan
|
2
|
Reason for the notification
|
a)
|
Position/status
|
Senior Executive Vice President,
Chief Legal & Risk Officer and Corporate Secretary
|
b)
|
Initial
notification/Amendment
|
Initial notification
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
a)
|
Name
|
Diversified Energy Company
PLC
|
b)
|
LEI
|
213800YR9TFRVHPGOS67
|
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
|
a)
|
Description of the financial
instrument, type of instrument
|
Bonus award of performance share
units and restricted stock units constituting a right to acquire
Ordinary Shares of 20p each
|
|
Identification code
|
GB00BQHP5P93
|
b)
|
Nature of the transaction
|
Vesting of performance share units
and restricted stock units under the Company's equity incentive
plan
|
c)
|
Price(s) and volumes(s)
|
Price(s)
|
Volume(s)
|
|
|
£Nil
|
9,603
|
d)
|
Aggregated information
|
N/A
single transaction
|
|
Aggregated volume
|
N/A single transaction
|
|
Price
|
N/A single transaction
|
e)
|
Date of the transaction
|
19 March 2024
|
f)
|
Place of the transaction
|
Outside a trading venue
(XOFF)
|