RNS Number : 8246N

Riverstone Energy Limited

04 October 2021


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 GBP20.0 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 GBP 9.8 million, such that there is GBP 10.2 million remaining of the previously authorised amount of GBP20.0 million.

Further, the Board has approved the increase of the authorised amount by GBP20 million from GBP20.0 million to GBP40.0 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 rns@lseg.com 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) Dow Jones Newswires

October 04, 2021 02:00 ET (06:00 GMT)

Riverstone Energy (LSE:RSE)
Gráfica de Acción Histórica
De Abr 2022 a May 2022 Haga Click aquí para más Gráficas Riverstone Energy.
Riverstone Energy (LSE:RSE)
Gráfica de Acción Histórica
De May 2021 a May 2022 Haga Click aquí para más Gráficas Riverstone Energy.