Share Consolidation Divided Impact

Diversified Energy Company PLC (LSE: DEC) completed the consolidation of its ordinary shares of £0.01 each on a 20 for 1 basis, with the ordinary shares of £0.20 each being admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities, at 8 a.m. (GMT) on Tuesday, December 5th 2023.

All declared dividend amounts will be adjusted appropriately to reflect the number of ordinary shares of £0.20 each held by shareholders as of the respective record dates, with the quarterly dividend payment for the declared dividend amount per ordinary share reflecting the consolidation.

Illustrative Dividend Payment Example:

The illustrative dividend payment example provides shareholders with a calculation for how the declared dividend payment will be adjusted for shares as of the record date.

Pre-Consolidation: 100 shares x $0.04375 (declared dividend) = $4.375 (total shareholder payment)

Post-Consolidation: 5 shares x $0.875 (adjusted declared dividend) = $4.375 (total shareholder payment)

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