Transaction in Own Shares
Portfolio Pulse from
Diversified Energy Company PLC (DEC) has purchased 48,773 of its own ordinary shares through Peel Hunt LLP as part of its previously announced share buyback program. The shares were bought at a volume-weighted average price of 1,006.74 pence per share and will be cancelled, reducing the total number of issued shares to 80,752,188.
April 04, 2025 | 6:15 am
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POSITIVE IMPACT
The share buyback reduces total outstanding shares, which could potentially increase earnings per share and signal management's confidence in the company's valuation.
Share buybacks typically signal management's belief that the stock is undervalued. Reducing outstanding shares can improve financial metrics like earnings per share, which may positively impact stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100