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Oil & Gas

Diversified Energy Company set buyback up to £97.4mln of shares

Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) provided details of its share buyback programme which will see the company purchase, in the market, up to £97.4 million of shares.

The company’s authorities, approved at the recent AGM, caps the volume at 97.41 million shares.

It can run up until 30 June 2024 (or later if re-approved at next year’s AGM). The programme is being managed by broker Stifel Nicolaus.