Riverstone Energy Limited (“REL” or the “Company”) is a closed-ended investment company that invests exclusively in the global energy industry across all sectors. REL aims to capitalise on the opportunities presented by Riverstone's energy investment platform. REL's ordinary shares are listed on the London Stock Exchange, trading under the symbol RSE. To date, REL has made 20 investments spanning oil and gas, midstream, and energy services in the Continental U.S., Western Canada, Gulf of Mexico, Latin America, Europe and credit.
REL has access to Riverstone through its investment manager, RIGL Holdings, LP, a majority-owned and controlled member of the Riverstone group.
On 29th October 2013, REL’s ordinary shares were admitted to the premium listing segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange’s main market for listed securities. Over 76 million shares were issued at an issue price of £10.00 per ordinary share, raising £760.3 million ($1.23 billion). REL was the largest permanent capital vehicle raised in the London market since 2006.
On 11th December 2015, REL raised an additional £67.6 million ($102.3 million) through the issuance of 8,448,006 new ordinary shares at £8.00 per ordinary share. On 15th October 2018, REL announced a Tender Offer for £55.0 million and acquired 4,583,333 of the Company’s ordinary shares, which were cancelled on 23 November 2018. Following admission of the new ordinary shares, and the cancellation of ordinary shares from the Tender Offer, the share capital of REL was 79,896,731 ordinary shares in aggregate.