Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has confirmed details of its £52.3 million share buyback, as it appoints stockbroker Peel Hunt to deal on its behalf.
The oil and gas firm got shareholder approval for the buybacks at last year’s AGM, and, its permissions all the programme to run until 2026 (unless it buys the target amount of stock first).
Shares will bought via open-market transactions on the London Stock Exchange, subject to market conditions and trading volumes.
It has permission to buy up to 4.76 million DEC shares, or a maximum total consideration of £52.3 million.