UpdateLEI:
213800HAZOW1AWRSZR47
4
July 2024
Riverstone Energy
Limited
("REL" or the
"Company")
Update on Share Buyback
Programme
Riverstone Energy Limited announces
that it has entered into an irrevocable commitment with Deutsche
Numis for an initial £20 million to continue its non-discretionary
share buyback programme of ordinary shares in the Company, within
certain pre-set parameters.
Since the Company's announcement on
3 October 2023, 110,407 ordinary shares have been bought back
pursuant to the buyback programme at a total cost of approximately
£0.7 million ($0.9 million). In addition to the buyback
programme, the Company has acquired 15,047,619 ordinary shares
pursuant to the tender offer launched on 23 February 2024 at a
total cost of £158 million.
This arrangement is in accordance
with Chapter 12 of the FCA Listing Rules and the Company's general
authority to repurchase shares granted at the Annual General
Meeting held on 21 May 2024.
About Riverstone Energy Limited:
REL is a closed-ended investment
company which invests in the energy industry. REL's ordinary shares
are listed on the London Stock Exchange, trading under the symbol
RSE. REL has 11 active investments spanning decarbonisation,
oil and gas, renewable energy and power in the Continental U.S.,
Western Canada, Europe and Australia.
REL shareholders should note that
the Company's investment Crescent Point Energy Corp. was rebranded
as Veren Inc. on 10 May 2024 and now trades on the TSX and NYSE
under its new ticker symbol "VRN".
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:
LPRELATIONS@RIVERSTONELLC.COM
+44 (0) 20 3206 6300
Deutsche Numis - Corporate Broker:
Hugh Jonathan
Matt Goss
+44 (0) 20 7260 1000
Ocorian Administration (Guernsey) Limited -
Company Secretary:
Adam Spurr
+44 (0) 1481 742742