10 September 2024
RIVERSTONE CREDIT
OPPORTUNITIES INCOME PLC
("RCOI" or the "Company")
Update on Return of Capital
by way of a Compulsory Redemption of Ordinary
Shares
The Company today announces that, in
connection with the compulsory redemption (the "Compulsory Redemption") of ordinary
shares of US$0.01 each in the capital of the Company (the
"Ordinary Shares")
announced on 13 August 2024, the Company at close of business
yesterday, 9 September 2024 (the "Redemption Date"), redeemed (on a pro
rata basis) 22,648,201 Ordinary Shares at a redemption price of
US$1.017 per Ordinary Share. The Ordinary Shares redeemed were
equal to approximately 25 per cent. of the Company's Ordinary
Shares in issue as at the Redemption Date.
Fractions of shares produced by the
applicable redemption ratio have not been redeemed and therefore
the number of Ordinary Shares redeemed in respect of each
shareholder have been rounded down to the nearest whole number of
Ordinary Shares. All Ordinary Shares
redeemed pursuant to the Compulsory Redemption have been
cancelled.
Payments of redemption monies are
expected to be effected either through CREST (in the case of
Ordinary Shares held in uncertificated form) or by cheque (in the
case of Ordinary Shares held in certificated form), in each case by
19 September 2024. Any certificates currently in circulation will
be superseded by a new certificate which will be distributed to
certificated shareholders.
Following the redemption, the
Company has 68,157,036 Ordinary Shares in issue. Accordingly, the
total number of voting rights in the Company is 68,157,036, which
may be used by shareholders as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the FCA's Disclosure Guidance and Transparency Rules.
The new ISIN GB00BS0C7H78 (the
"New ISIN"), in respect of
the remaining Shares which have not been redeemed, is enabled and
available for transactions from 8.00 a.m. today, 10 September 2024.
CREST will automatically transform any open transactions as at the
Redemption Date into the New ISIN.
For
Riverstone Credit Opportunities Income Plc:
Adam
Weiss
Tel: +1 212 271 2953
For
J.P. Morgan Cazenove (Corporate Broker):
Jérémie Birnbaum (Corporate
Finance)
Tel: +44 (0) 20 7742
4000
Media Contacts:
Buchanan
Helen Tarbet
Tel: +44 (0) 20 7466 5109
Henry Wilson
Tel: +44 (0) 20 7466 5111
Verity
Parker
Tel: +44 (0) 20 7466 5197
Samuel Adams
Tel: +44 (0) 20 7466 5162
Email:
rcoi@buchanan.uk.com
For further details, see
https://www.riverstonecoi.com/.
