Diversified Energy Company PLC (NYSE:DEC) received final court approval on November 21, 2025 for a scheme of arrangement that establishes a new Delaware‑incorporated holding company, “Diversified,” as the parent of the existing company. The High Court of Justice of England and Wales issued an order sanctioning the arrangement, making the scheme effective upon delivery of the order to the Registrar of Companies for England and Wales on the same day.
The new structure places the company’s legal domicile in Delaware and designates the New York Stock Exchange as its primary listing venue, while a secondary listing will continue on the London Stock Exchange. The primary NYSE listing will take effect on Monday, November 24, 2025, with the London listing becoming effective at 8:00 am London time on that day. The change will also trigger the company’s removal from the FTSE UK Index Series, including the FTSE 250, on November 24, 2025.
The scheme preserves the company’s share‑buyback program announced in March 2025. The program, originally authorized at the 2024 Annual General Meeting, allows the board to repurchase shares up to a specified aggregate market value and was updated in August 2025 to increase the maximum number of shares that can be repurchased. The continuation of the buyback program signals management’s confidence that the shares are undervalued and that capital can be deployed efficiently.
Strategically, the redomiciliation aligns the company’s legal domicile with its operational base in the United States, simplifying corporate governance and potentially improving access to U.S. capital markets. By consolidating its structure under a Delaware holding company, Diversified Energy aims to reduce regulatory complexity, streamline reporting, and position itself for future growth initiatives. The move also reflects a broader industry trend of U.K.‑listed companies relocating to U.S. domiciles to attract American investors and benefit from Delaware’s well‑established corporate law framework.
Management emphasized that the restructuring is a “significant milestone” that will enhance shareholder value. The company’s leadership highlighted the benefits of a unified U.S. domicile, the ability to tap deeper liquidity pools, and the expected operational efficiencies from a simplified corporate structure. Analysts have noted the positive sentiment surrounding the transition, citing the company’s strong balance sheet and the continued buyback program as indicators of financial strength and confidence in future performance.
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