Diversified Energy Announces Pricing of Offering of Ordinary Shares
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Diversified Energy Company PLC has announced the pricing of its public offering of 8.5 million ordinary shares at $14.50 each, aiming to raise approximately $123.3 million. The offering is expected to settle on February 21, 2025.
February 20, 2025 | 3:45 am
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Diversified Energy Company PLC has priced its public offering of 8.5 million shares at $14.50 each, with expected gross proceeds of $123.3 million. The offering is set to settle on February 21, 2025.
The announcement of a public offering typically leads to a short-term decrease in stock price due to dilution concerns. The offering is significant, with 8.5 million shares priced at $14.50, raising $123.3 million. This could lead to a temporary dip in DEC's stock price as the market adjusts to the increased share supply.
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