May 28, 2024
Diversified Energy Company
PLC
("Diversified" or the "Company")
Result of General
Meeting
Diversified Energy Company PLC
(LSE:DEC, NYSE:DEC) is pleased to announce that the sole resolution
put to shareholders at the Company's General Meeting held earlier
today was duly passed.
The General Meeting was held to
invite shareholders to consider the resolution in connection with
the proposed acquisition of Oaktree Capital Management's working
interests in certain assets operated by Diversified in the Central
Region (the "Acquisition"), as described in the announcement
released on March 19, 2024 and the shareholder circular (including
the notice of general meeting) published on May 9, 2024 (the
"Circular").
The total votes were cast as
follows:
|
Resolution
|
|
For
|
%
|
|
Against
|
%
|
|
Withheld
|
|
1
|
Approval of the
Acquisition
|
|
27,587,442
|
99.7%
|
|
83,458
|
0.3%
|
|
66,143
|
|
|
|
|
|
|
|
|
|
| |
Note: A vote "Withheld" is not a vote in law and is not
counted in the calculation of the proportion of the votes "For" or
"Against" shown.
The full text of the resolution
passed at the General Meeting are set out in the Circular and has
also been submitted to the National Storage Mechanism and will
shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The Board of Diversified Energy
Company PLC is pleased to note that shareholders approved the
Acquisition with substantial support, and would like to thank
shareholders for their input and continued support.
Acquisition Update
Following approval by Shareholders,
the Company expects to complete the Acquisition before the
end of the second quarter 2024. A further announcement will be made
once the Acquisition has been completed.
Capitalised terms not otherwise defined in the text of this
announcement have the meanings given in the
Circular.
For further information, please
contact:
|
Diversified Energy Company PLC
|
+1
973 856 2757
|
|
Doug Kris
|
dkris@dgoc.com
|
|
Senior Vice President, Investor
Relations & Corporate Communications
|
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.