Riverstone Energy Limited Cookie Policy
Our website uses cookies to distinguish you from other users of our website. By continuing to use our site you agree to our use of cookies. Find out more.

RNS Number : 6511M
Riverstone Energy Limited
24 May 2022
 

LEI: 213800HAZOW1AWRSZR47

 

 

24 May 2022

RIVERSTONE ENERGY LIMITED

 ("REL" or the "Company")

 

Results of the Annual General Meeting ("AGM")

 

The Company is pleased to announce that, at the ninth AGM held at 10.30 a.m. (BST) on 24 May 2022, each of the Resolutions were duly passed without amendment.

 

The details of each resolution are as follows:

 

ORDINARY RESOLUTIONS

 

Resolution 1

IT WAS RESOLVED to receive and consider the annual audited financial statements of the Company for the year ended 31 December 2021.

 

For (including discretionary)

20,345,632 votes

Against

113 votes

Withheld

800 votes

                                                                 

Resolution 2

IT WAS RESOLVED to re-appoint Ernst & Young LLP (Guernsey) as Auditor.

 

For (including discretionary)

20,345,132 votes

Against

613 votes

Withheld

800 votes

                               

Resolution 3

IT WAS RESOLVED that the Board of Directors determine the remuneration of the Auditor.

 

For (including discretionary)

20,345,132 votes

Against

613 votes

Withheld

800 votes

 

Resolution 4

IT WAS RESOLVED to re-elect Peter Barker as a director.

 

For (including discretionary)

20,252,183 votes

Against

93,562 votes

Withheld

800 votes

 

Resolution 5

IT WAS RESOLVED to re-elect Patrick Firth as a director.

 

For (including discretionary)

20,241,620 votes

Against

104,125 votes

Withheld

800 votes

 

 

 

Resolution 6

IT WAS RESOLVED to re-elect Richard Hayden as a director.

 

For (including discretionary)

20,240,096 votes

Against

105,648 votes

Withheld

801 votes

 

Resolution 7

IT WAS RESOLVED to re-elect Jeremy Thompson as a director.

 

For (including discretionary)

20,252,183 votes

Against

93,562 votes

Withheld

800 votes

 

Resolution 8

IT WAS RESOLVED to re-elect Claire Whittet as a director.

 

For (including discretionary)

20,212,845 votes

Against

132,900 votes

Withheld

800 votes

 

In accordance with LR 9.6.18, details of those resolutions passed, which were not ordinary business of the AGM, follow:-

 

Resolution

Votes For (including discretionary)

Votes Against

Votes Withheld*

9 - Special

20,345,132 votes

613 votes

800 votes

10 - Special

20,328,182 votes

17,563 votes

800 votes

 

*A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "for" or "against" the Resolution.

 

Resolution 9

That the Company be and is hereby generally and unconditionally authorised in accordance with The Companies (Guernsey) Law, 2008,as amended (the "Companies Law") (subject to the Listing Rules made by the Financial Conduct Authority and all other applicable legislation and regulations), to make market acquisitions (as defined in the Companies Law) of each class of its shares (either for the retention as treasury shares for resale or transfer, or cancellation), PROVIDED THAT:

 

a.     the maximum number of shares authorised to be purchased shall be 14.99 per cent. of the Ordinary Shares in issue as at the date of this Resolution 9 (excluding shares held in treasury);

 

b.     the minimum price (exclusive of expenses) which may be paid for an Ordinary Share shall be one penny;

 

c.     the maximum price which may be paid for an Ordinary Share is an amount equal to the higher of: (a) 105 per cent. of the average of the middle market quotations for an Ordinary Share on the relevant market for the five business days immediately preceding the date on which the Ordinary Share is purchased; and (b) the higher of (i) the price of the last independent trade for an Ordinary Share and (ii) the highest current independent bid for an Ordinary Share at the time of purchase; and

 

d.     the authority hereby conferred shall expire at the next annual general meeting of the Company due to be held in 2023 unless such authority is varied, revoked or renewed prior to such date by a special resolution of the Company in a general meeting save that the Company may make an offer or agreement to acquire shares under this authority before its expiry which will or may be executed wholly or partly after its expiration and the Company may make an acquisition of shares pursuant to such an offer or agreement as if the authority had not expired.

 

Resolution 10

That, in accordance with Article 6.7 of the Articles, the Directors be empowered to allot and issue (or sell from treasury) equity securities (within the meaning of the Company's Articles) for cash on a non-preemptive basis as if Article 6.2 of the Articles did not apply to any such allotment and issue, provided that this power shall be limited to the allotment and issue of (i) up to a maximum number of equity securities equal to 5,398,652 Ordinary Shares in the Company (being 10 per cent. of the Ordinary Shares in issue as at the latest practicable date prior to the date of this notice)and (ii) an unlimited number of Ordinary Shares in accordance with the Performance Allocation Reinvestment Agreement dated 23 September 2013 between the Company and Riverstone Energy Limited Capital Partners, LP, acting by its general partner Riverstone Holdings II (Cayman) Ltd. ("RELCP"), pursuant to which RELCP agrees to reinvest the portion of each Performance Allocation (as defined and described in the IPO Prospectus) attributable to RELCP, and shall expire on the date falling 15 months after the date of passing of this Resolution 10 or the conclusion of the next annual general meeting of the Company in 2023 whichever is the earlier, save that the Company may before such expiry make offers or agreements which would or might require equity securities to be allotted and issued (or sold) after such expiry and the Directors may allot and issue (or sell from treasury) equity securities in pursuance of any such offer or agreement notwithstanding that the power conferred by this Resolution 10 has expired. This resolution revokes and replaces all unexercised authorities previously granted to the Directors to allot and issue equity securities in the capital of the Company for cash as if the pre-emption rights contained in Article 6.2 of the Articles did not apply to such allotment and issue but without prejudice to any allotment and issue of equity securities already made, offered or agreed to be made pursuant to such authorities.

 

 

About Riverstone Energy Limited:

 

REL is a closed-ended investment company that has since 2020 been exclusively focussed on pursuing and has committed $167 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 18 active investments spanning decarbonisation, oil and gas, renewable energy and power in the Continental U.S.Western CanadaGulf of Mexico and Europe.

 

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 20 3206 6300

 

 

Administrator and Company Secretary

  Ocorian Administration (Guernsey) Limited

  Rosemary Osborne-Burns 


  +44  14 8174 2742


 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
RAGZZGZKDDVGZZM