Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has announced that a share sale by shareholders EIG and FS/KKR has been priced at $13.75 per share.
A secondary placing of some 5.71 million existing shares is being undertaken by brokers Mizuho, Raymond James and Citi.
No new shares are being issued, and proceeds will go to the selling shareholders, which are the entities managed by affiliates of EIG and FS/KKR.
These off-market transactions are expected to settle on 18 September, and potentially, a further 857,002 existing shares can be taken up by the underwriters of the placing.