Diversified Energy Company PLC (LON:DEC, NYSE: DEC) has announced that trading in its ordinary shares will commence at U.S. market open today on the New York Stock Exchange (NYSE) under the ticker symbol “DEC” as part of the Company’s previously announced US listing process. The Company will retain its premium listing and will continue to trade on the main market of the London Stock Exchange. Further, it is expected that the Company will also continue to be a constituent of the FTSE 250 index in the UK. No ordinary shares are being offered or sold in connection with the US listing.
The Board believes that the US listing will benefit the Company and its shareholders for multiple reasons, including raising its profile in the US. The Board expects that the US listing will facilitate broadening the Company’s access to high-quality equity investors (including domestic US funds) and will also increase the Company’s ability to attract a broader group of equity research analysts as there is a comparable set of peer companies listed in the US which have a strong US equity investor base and are covered by a broad group of equity research analysts. The Board also expects that the US Listing will enhance the Company’s daily trading liquidity and potentially provide it access to additional financing options, which can be used to continue the Company’s acquisitive strategy.
