Results of EGM and Tender Offer
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
Further to the tender offer launched by the Company on
· that 3,182,196 Shares were validly tendered pursuant to the Tender Offer, equal to 7.0 per cent. of the Company's 45,488,392 Shares in issue; and
· that at the Extraordinary General Meeting of the Company held at
Terms used in this announcement have the same meaning as set out in the Company's circular to Shareholders in respect of the Tender Offer dated
Results of Tender Offer
Eligible Shareholders who validly tendered a percentage of their Shares equal to or less than their Basic Entitlement shall have all tendered Shares purchased in full under the Tender Offer.
Eligible Shareholders who validly tendered a percentage of Shares greater than their Basic Entitlement will have their respective Basic Entitlement and Excess Application satisfied in full.
The Company will purchase, in aggregate, 3,182,196 Shares under the Tender Offer. All successfully tendered Shares will be acquired for the Tender Price of
Payment of the Tender Price due to Eligible Shareholders in respect of successfully tendered Shares will be made by payment through CREST or by cheque (as applicable) by
Following completion of the Tender Offer, the Company intends to resume its market purchase share buyback programme pursuant to the authority granted at the Company's Annual General Meeting on
Results of Extraordinary General Meeting
The special resolution proposed at the Extraordinary General Meeting held earlier today to approve the purchase of Shares pursuant to the Tender Offer was duly passed without amendment.
The proposed terms of the off-market purchase agreement constituted by the Company's circular dated
The results of the poll vote on the Resolution were as follows:
Votes for (including discretionary)
% of votes cast
% of votes cast
Votes cast in total
Total votes cast as a % of issued share capital (excl. treasury shares)
*A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "for" or "against" the special resolution.
All votes cast were proxy votes received in advance of the meeting. Accordingly, the proxy votes received by the Company are identical to the above.
For further information
+44 (0) 203 206 6300
J.P. Morgan Cazenove - Joint Corporate Broker
+44 (0) 203 493 8000
+44 (0) 207 260 1000
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
For further details, see www.RiverstoneREL.com
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