Diversified Energy Company plc (NYSE: DEC, LSE: DEC) has received final approval for the Scheme of Arrangement to introduce a new Delaware-incorporated company as the parent holding company.
The Company will retain its UK listing on the Equity Shares category.
The High Court of Justice of England and Wales has issued an order sanctioning the scheme, marking a significant milestone.
Primary Listing on NYSE
Following shareholder approval, the Company will primarily list on the New York Stock Exchange, while maintaining a secondary listing on the London Stock Exchange.
Share Buyback Program Continues
Diversified will continue the share buyback program on the same terms as previously announced.
Cancellation of Ordinary Shares Listing
The listing of ordinary shares on the Official List of FCA will be cancelled with effect from November 24, 2025.
- The Scheme of Arrangement signifies a strategic move for Diversified Energy Company towards enhancing its operational performance and shareholder value.
- The shift to the NYSE as the primary listing venue opens up new opportunities for the Company in the U.S. market.
The approval of the Scheme of Arrangement and the Company's transition to the NYSE reflect Diversified Energy Company's commitment to innovation and growth in the energy sector.