Proposed Move of Primary Listing to the New York Stock Exchange

Move Expected to Enhance Trading Liquidity, Increase Visibility with Investors, and Provide Strategic Capital Markets Benefits to Accelerate Growth

BIRMINGHAM, Ala., Oct. 01, 2025 (GLOBE NEWSWIRE) -- Diversified Energy Company PLC (the “Company”) (LSE:DEC, NYSE:DEC) announced today that its Board of Directors, having evaluated the Company’s optimal public company listing venue, intends to move the Company’s primary listing to the New York Stock Exchange (“NYSE”) while retaining a secondary listing on the London Stock Exchange (“LSE”).

Today, the Company is substantially a US business, reporting in US dollars, with all the Company’s operating profit derived from its US operations, which is also the sole growth market for the business. The Company’s executive management team and operational headquarters are based in the US, all of its employees reside in the US and all its assets are located in the US.

Additionally, as of June 30, 2025, over 65% of the Company’s outstanding shares were held by US resident investors. The Company will start filing customary SEC financial statements and periodic reports as a US domestic filer with its year-end 2025 financial results.

The Board has been evaluating the optimal primary listing venue for the Company in the context of its business strategy for the benefit of all its stakeholders. In December 2023, the Company undertook an additional listing of its shares on the NYSE to complement its existing LSE listing. At this time, the Board has concluded that the US market is the natural long-term primary listing venue for the Company and that moving to a US primary listing, while retaining a secondary UK listing on the ESICC Category, is in the best interests of its shareholders.

In arriving at this conclusion, the Board considered several factors and potential benefits, including:

alignment of the primary listing venue with the Company’s business activity, leadership team, and employee base

increased overall liquidity in the Company’s shares, given access to deeper US capital markets

increased exposure to US investors through a primary US listing, including additional access to passive investment pools of capital

expanded Company profile and access to high-quality equity investors

simplified share ownership for the wider employee base of the Company and expanded access to the recruitment and retention of top US talent

optimized positioning of the Company for inclusion in premier US equity indices and Exchange Traded Funds

retention of a secondary listing on the LSE to facilitate trading liquidity for non-US shareholder base

The proposed venue change will be implemented by way of a UK scheme of arrangement which will require a formal vote by shareholders of the Company at a general meeting (“General Meeting”) to be approved by a majority in number of the registered shareholders voting in person or by proxy, representing 75% in value of the shares voted. It is currently expected that a shareholder circular containing details of the proposals will be published and that the General Meeting will take place in the coming weeks. Subject to shareholders voting in favor of the proposals at the General Meeting, the Board expects that the scheme of arrangement will take effect during the fourth quarter of 2025, after which the shares are expected to trade on the NYSE and on the equity shares (commercial companies) category of the Official List of the FCA (the “ESICC Category”) and the Main Market of the LSE.

Further announcements will be made in due course as the process advances.