My Market Wizard

Diversified Energy Co PLC 6-K Analysis & Summary – 3/14/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

Diversified Energy Company plc
,

Filing date:

03/14/2025

TLDR:

Diversified Energy Company PLC completed its acquisition of Maverick Natural Resources, issuing new shares and appointing Maverick’s CEO as COO of the Company.

ELI5:

Diversified Energy, a company that buys and manages natural gas and oil wells, has bought another company called Maverick Natural Resources. To pay for it, they created and issued new shares of their own stock.

Accession #:

0001140361-25-008819

Published on

Analyst Summary

  • Diversified Energy Company PLC completed the acquisition of Maverick Natural Resources.
  • 21,194,213 new ordinary shares were issued in connection with the acquisition and will be listed on the New York Stock Exchange.
  • Admission to listing on the equity shares category of the Official List and to trading on the main market of the London Stock Exchange is expected to occur on March 17, 2025.
  • Rick Gideon, CEO of Maverick Natural Resources, will become the Chief Operating Officer (COO) of Diversified Energy effective March 18th, 2025.
  • The total number of ordinary shares in issue as at March 14, 2025 is 80,990,155, each carrying one vote.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️