Riverstone Energy Limited REL Makes New Decarbonization Investment (5209I)
13 Agosto 2021 - 1:00AM
UK Regulatory
TIDMRSE
RNS Number : 5209I
Riverstone Energy Limited
13 August 2021
LEI: 213800HAZOW1AWRSZR47
Riverstone Energy Limited
Investment in Decarbonization Plus Acquisition Corporation IV -
Small Related Party transaction
Riverstone Energy Limited ("REL" or the "Company") is pleased to
announce the investment of up to $0.6 million in Decarbonization
Plus Acquisition Corporation IV ("DCRD"), a special purpose
acquisition vehicle sponsored by an affiliate of REL's investment
manager. DCRD seeks to capitalise on the Riverstone platform to
identify, acquire and operate a business in industries that may
provide opportunities for attractive risk-adjusted returns in one
of the multiple sectors that may advance the objectives of global
decarbonization. This includes the energy and agriculture,
industrials, transportation and commercial and residential
sectors.
David Leuschen and Pierre Lapeyre, co-founders of Riverstone
Holdings LLC, who were directors of REL until October 2020 and
therefore are considered related parties of the Company for the
purpose of the Listing Rules, have also invested in DCRD, thus
making REL's investment in DCRD a small related party transaction.
David Leuschen and Pierre Lapeyre also invested in Decarbonization
Plus Acquisition Corporation II ("DCRN") and Decarbonization Plus
Acquisition Corporation III ("DCRC"), into which, as previously
disclosed, REL invested $0.6 million and $0.5 million,
respectively. Due to the aggregation of REL's investment in DCRN,
DCRC and DCRD, as they were all alongside the same related parties
within a twelve month period, the DCRD investment falls within
Listing Rule 11.1.10R.
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
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END
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