REG - Riverstone Credit - Update Return of Capital via Compulsory Redemption

Riverstone Credit Opportunities IncomeAnnouncement

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RNS Number : 8515O  Riverstone Credit Opps. Inc PLC  30 June 2025

30 June 2025

 

 

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 23 May 2025, the
Company at close of business on Friday 27 June 2025 (the "Redemption Date"),
redeemed (on a pro rata basis) 19,090,875 Ordinary Shares at a redemption
price of US$0.88 per Ordinary Share. The Ordinary Shares redeemed were equal
to approximately 28 per cent. of the Company's Ordinary Shares in issue as at
the Redemption Date.

 

Fractions of shares 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 11
July 2025. Any certificates currently in circulation will be superseded by a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 49,066,161 Ordinary Shares in issue.
Accordingly, the total number of voting rights in the Company is 49,066,161,
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 GB00BP0R4J21 (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, 30 June 2025. 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/.

 

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