NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
- THIS ANNOUNCEMENT INCLUDES INSIDE INFORMATION -
Results of Extraordinary General Meeting ("EGM"), results of Tender Offer
and Strike Price announced
The Resolution at the EGM in respect of the Tender Offer held earlier today was duly passed without amendment. The details of the special resolution were as follows:
For (including discretionary)
The Strike Price for the Tender Offer is
Valid tenders of 7,057,227 Shares were made at the Strike Price and have been scaled back pro rata, adjusted to avoid fractions. The Company will accept for purchase approximately 65% of Shares validly tendered at the Strike Price.
It is intended that settlement of the Tender Offer will occur by
Shares tendered above the Strike Price, and therefore not acquired by the Company in the Tender Offer, will be returned to their holders.
Shareholders should refer to the Circular for the full terms of the Tender Offer.
A copy of the Circular is available to view on the Company's website at https://www.riverstonerel.com/
A copy of the Tender Offer circular has been submitted to the National Storage Mechanism and is available for inspection at www.morningstar.co.uk/uk/NSM
Repurchase date for successfully tendered Shares
Settlement through CREST of, and despatch of cheques for, the Tender Offer consideration, as appropriate
Despatch of balance share certificates and crediting of CREST accounts with Shares not purchased
All references are to local time in
For further information
J.P. Morgan Cazenove Tel: +44 (0)20 7742 4000
REL is a closed-ended investment company that invests exclusively in the global energy industry, with a particular focus on the exploration & production and midstream sectors. REL aims to capitalise on the opportunities presented by Riverstone's energy investment platform. REL is a member of the FTSE 250 and its ordinary shares are listed on the
This information is provided by RNS, the news service of the