Diversified Energy Company PLC (LSE:DEC, OTCQX:DECPF) confirmed the completion of its previously announced share consolidation, creating a 20:1 reduction in the number of its issued shares.
The company, additionally, noted the impact of the change on dividend payments – giving an illustrative example whereby a holder previously holding 100 shares to be paid 4.375p per share, would now hold 5 shares and would receive 87.5 cents per share.