LEI: 213800HAZOW1AWRSZR47
4 October 2021
Riverstone Energy Limited
Share Buyback Programme Pause & Authorised Increase
As the next portfolio valuation date is 30 September 2021, Riverstone Energy Limited (the "Company") announces that its £20.0 million share buyback programme has been paused, as was done in previous closed periods, until after the Company's Interim Management Statement for 30 September 2021 (the "IMS") has been published, scheduled for 27 October 2021. Since the Company's announcement on 11 May 2021, 2,390,860 ordinary shares have been bought back at a total cost of approximately £9.8 million, such that there is £10.2 million remaining of the previously authorised amount of £20.0 million.
Further, the Board has approved the increase of the authorised amount by £20 million from £20.0 million to £40.0 million and intends to recommence the share buyback programme with Numis Securities Limited and J.P. Morgan Securities plc after publication of the IMS.
About Riverstone Energy Limited:
REL 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. REL has 13 active investments spanning decarbonisation, oil and gas, renewable energy and power in the Continental U.S., Western Canada, Gulf 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 |
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
