REG - Riverstone Energy Ld - Director Appointment

Riverstone EnergyAnnouncement

27/10/2022 07:16

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RNS Number : 2459E  Riverstone Energy Limited  27 October 2022

 

LEI: 213800HAZOW1AWRSZR47

 

27 October 2022

RIVERSTONE ENERGY LIMITED
 (the "Company" or "REL")

 

 

Director Appointment

 

The Company is pleased to announce that Richard Horlick has been appointed to
the board of directors of the Company (the "Board") as a non-executive
director with effect from 26 October 2022. Mr Horlick is joining the Board as
Chair elect and will also serve on the Company's Audit Committee, Management
Engagement Committee and Nomination Committee.

 

The Board intends that Mr Horlick will succeed Richard Hayden as Chair of the
Board in February 2023. Mr Hayden will not be submitting himself for
re-election at the Company's annual general meeting in 2023 and will retire
from the Board at the conclusion of that meeting, along with Peter Barker.
Patrick Firth will remain a director to support an orderly transition to his
replacement as Chair of the Company's Audit Committee (once appointed), before
stepping down from the Board in December 2023.

 

In accordance with Listing Rule 9.6.13, Mr Horlick has advised that he is a
non-executive director and chair of BH Macro Limited and a non-executive
director of VH Global Sustainable Energy Opportunities PLC, each of which is
admitted to trading on the Main Market of the London Stock Exchange. He has
advised that there are no further details that need to be disclosed in
accordance with the FCA's Listing Rule 9.6.13. In addition to his listed
positions, he is currently the non-executive chairman of CCLA Investment
Management which manages assets for over 38,000 charities and church and local
authority funds.

 

Richard Horlick is a UK resident and has served on a number of closed end fund
boards and was previously head of investment and main board director of
Schroders Plc and President, Institutional, of Fidelity International and
subsequently chairman of the Trust Bank for the Fidelity Mutual funds in the
US.He has had a long and distinguished career in investment management since
graduating from Cambridge University in 1980 with an MA in Modern History.

Richard Hayden, Chairman, said: "We are thrilled that Richard Horlick has been
appointed to the REL board as Chair elect, his wealth of sustainable energy
and investment sector experience will help ensure the future success of the
Company as REL continues with its investment objective.  We strongly believe
that he is ideally suited to shepherd REL through its next phase of growth
focused on the decarbonization of the global economy."

 

Richard Horlick, Non-executive Independent Director, said: "I am delighted to
be joining the Board of REL and welcome the opportunity of working with my
fellow Directors and Riverstone in continuing REL's transition to investing
fully in decarbonisation assets. I am confident that the manager has the
investment skills and deal flow structure to maximise shareholder value while
helping to improve our environment. I look forward to meeting our shareholders
and reporting on our progress in the years ahead."

 

About Riverstone Energy Limited:

 

REL is a closed-ended investment company which invests in the energy industry
that has since 2020 been exclusively focussed on pursuing and has
committed $181 million to a global strategy across decarbonisation sectors
presented by Riverstone's investment platform.  REL's ordinary shares are
listed on the London Stock Exchange, trading under the symbol RSE.  REL has
20 active investments spanning decarbonisation, oil and gas, renewable energy
and power in the Continental U.S., Western Canada, Europe and Australia.

 

For further details, see www.RiverstoneREL.com
(http://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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