REG - Riverstone Energy Ld - Director Appointment

Riverstone EnergyAnnouncement

14/12/2022 17:00

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RNS Number : 7490J  Riverstone Energy Limited  14 December 2022

 

LEI: 213800HAZOW1AWRSZR47

 

14 December 2022

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

 

 

Director Appointment

 

The Company is pleased to announce that John Roche has been appointed to the
board of directors of the Company (the "Board") as a non-executive director
with immediate effect. Mr Roche will serve on the Company's Audit Committee,
Management Engagement Committee and Nomination Committee. The Board intends
that, in due course, Mr Roche will succeed Patrick Firth as Chair of the Audit
Committee. Mr Firth will remain a director to support the orderly transition
of responsibilities to Mr Roche before stepping down from the Board in
December 2023.

 

In accordance with Listing Rule 9.6.13, Mr Roche has advised that he holds no
listed directorship positions.   There are no other matters which need to be
disclosed in accordance with the FCA's Listing Rule 9.6.13. He is currently a
non-executive director of Les Bourgs Hospice LBG and is a non-executive
director of Elizabeth College, a registered Guernsey charity established under
Royal Charter in 1563.

 

Prior to becoming a non-executive director, John Roche was a partner at
PricewaterhouseCoopers, ("PwC") in Guernsey for more than 15 years, during
which time he served as managing partner of the Guernsey office for 7 years
and was leader of the Capital Markets Practice for 12 years. During his time
at PwC, Mr Roche specialised in providing audit and capital market transaction
services to London-listed investment companies established predominantly in
Guernsey, Jersey and the UK and admitted to trading on a number of markets.
 His accumulated experience is based on a strong focus on alternatives,
specialising in private equity, secondaries, infrastructure and real estate
funds and investment managers in the listed and private sectors. Mr Roche is a
fellow of the Institute of Chartered Accountants in Ireland.

 

Richard Hayden, Chairman, said: "We are delighted to welcome John to the Board
of the Company.  His wealth of relevant sector experience and expertise will
help ensure the future success of the Company as it continues its modified
investment programme to decarbonise the portfolio".

 

John Roche, Non-executive Independent Director, said: "I am thrilled to join
the Company at such an interesting time in its development where my listed
corporate reporting and private equity fund audit experience align nicely".

 

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

 

Administrator and Company Secretary

Ocorian Administration (Guernsey) Limited

Rosemary Osborne-Burns

+44 14 8174 2742

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