Riverstone Energy Limited Update on Share Buyback Programme (5390O)
03 Oktober 2023 - 12:31PM
UK Regulatory
TIDMRSE
RNS Number : 5390O
Riverstone Energy Limited
03 October 2023
LEI: 213800HAZOW1AWRSZR47
3 October 2023
Riverstone Energy Limited
("REL" or the "Company")
Update on Share Buyback Programme
As the next portfolio valuation date is 30 September 2023,
Riverstone Energy Limited announces that it has entered into an
irrevocable commitment with J.P. Morgan Securities plc and Numis
Securities Limited to continue its open market share buyback
programme through a non-discretionary programme repurchasing
ordinary shares in the Company, within certain pre-set parameters,
during the period starting on the date of this announcement and
ending after the portfolio valuation for 30 September 2023 is
published in October 2023.
Since the Company's announcement on 3 July 2023, 1,312,121
ordinary shares have been bought back pursuant to the buyback
programme at a total cost of approximately GBP7.3 million ($9.2
million), leaving GBP22.2 million remaining allocated to the
programme. In addition to the buyback programme, the Company has
acquired 3,182,196 ordinary shares pursuant to the tender offer
announced on 17 August 2023 at a total cost of approximately
GBP18.4 million.
This arrangement is in accordance with Chapter 12 of the FCA
Listing Rules and the Company's general authority to repurchase
shares.
About Riverstone Energy Limited:
REL is a closed-ended investment company which invests in the
energy industry that has since 2020 been exclusively focussed on
pursuing and has committed $193 million to a global strategy across
decarbonisation sectors presented by Riverstone's investment
platform. REL's ordinary shares are listed on the London Stock
Exchange, trading under the symbol RSE. REL has 15 active
investments spanning decarbonisation, oil and gas, renewable energy
and power in the Continental U.S., Western Canada, Europe and
Australia.
For further details, see www.RiverstoneREL.com
Neither the contents of Riverstone Energy Limited's website nor
the contents of any website accessible from hyperlinks on the
websites (or any other website) is incorporated into, or forms part
of, this announcement.
Media Contacts
For Riverstone Energy Limited:
Josh Prentice
+44 203 206 6300
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END
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