May 29, 2024
Diversified Energy
Company PLC
("Diversified" or the "Company")
Diversified Energy Joins the
Russell 2000Ò
Index
A Broader Audience of
Investors is Expected to Expand our Shareholder Base and Enhance
Trading Liquidity
Diversified Energy Company PLC (LSE:
DEC; NYSE: DEC) ("Diversified" or the "Company") today announced
that as part of the annual reconstitution of the Russell stock
indexes, Diversified is to be included in the Russell
2000Ò Index effective at the open of US equity markets on Monday,
July 1st, 2024 according to the preliminary list of additions
posted on Friday, May 24th, 2024.
Rusty Hutson, Jr., CEO of Diversified,
commented:
"We are excited to join the Russell
2000Ò Index and increase our exposure to the US investment
community, particularly following our solid first quarter results
and the recent listing on the NYSE. The Russell
2000Ò Index is widely regarded as a bellwether of the US economy due
to its focus on American small businesses, and our inclusion
illustrates the Company's continued financial strength and
performance. This is an important milestone for Diversified, and we
look forward to communicating with a broader audience of investors,
which we expect will expand our shareholder base and enhance the
trading liquidity in our stock."
Russell Reconstitution
The annual Russell US Indexes
reconstitution captures the 4,000 largest US stocks as of Tuesday,
April 30th, ranking them by total market capitalization.
Membership in the US all-cap Russell 3000® Index, which
remains in place for one year, means automatic inclusion in the
large-cap Russell 1000Ò
Index or small-cap Russell
2000Ò Index as well as the appropriate growth and value style
indexes. FTSE Russell determines membership for its Russell indexes
primarily by objective, market-capitalization rankings, and style
attributes.
Russell indexes are widely used by
investment managers and institutional investors for index funds and
as benchmarks for active investment strategies. According to the
data as of the end of December 2023, about $10.5 trillion in assets
are benchmarked against the Russell US indexes.
You can access reference information
on the reconstitution process, including member additions and
deletions, here:
Russell Reconstitution | LSEG
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.
About FTSE Russell
FTSE Russell is a leading global
provider of benchmarking, analytics, and data solutions for
investors, giving them a precise view of the market relevant to
their investment process. A comprehensive range of reliable and
accurate indexes provides investors worldwide with the tools they
require to measure and benchmark markets across asset classes,
styles, or strategies.
FTSE Russell index expertise and
products are used extensively by institutional and retail investors
globally. For over 30 years, leading asset owners, asset managers,
ETF providers and investment banks have chosen FTSE Russell indexes
to benchmark their investment performance and create ETFs,
structured products, and index-based derivatives.
FTSE Russell is focused on applying
the highest industry standards in index design and governance,
employing transparent rules-based methodology informed by
independent committees of leading market participants. FTSE Russell
fully embraces the IOSCO Principles, and its Statement of
Compliance has received independent assurance. Index innovation is
driven by client needs and customer partnerships, allowing FTSE
Russell to continually enhance the breadth, depth and reach of its
offering.
FTSE Russell is wholly owned by
London Stock Exchange Group.