REG - Riverstone Energy Ld - Sale of Onyx Power

Riverstone EnergyAnnouncement

Tue 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251021:nRSU1128Ea&default-theme=true

RNS Number : 1128E  Riverstone Energy Limited  21 October 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED

LEI: 213800HAZOW1AWRSZR47

Riverstone Energy Limited

21 October 2025

Riverstone Energy Limited ("REL" or the "Company") is pleased to announce the
proposed sale of 100% of its interest in Onyx Power ("Onyx Power") to
ResInvest Group, a privately owned trading and investment company, supplying
key commodities for global markets.

Onyx Power is a European-based independent power producer that owns and
operates approximately 2,350 MW of gross installed capacity of coal-, gas-,
and biomass-fired power plants in Germany and the Netherlands.

Net proceeds to the Company are expected to be approximately $49 million,
payable in cash at completion.

The transaction is subject to customary closing conditions and completion is
anticipated to take place in Q1 of 2026.

Shortly following completion, the Company expects to announce a further
compulsory redemption of ordinary shares to return to shareholders
substantially the whole of the net sale proceeds received. Further details
will be announced by the Company in due course.

 

For further details, see https://www.onyx-power.com
(https://www.onyx-power.com)

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 currently has 4 active investments
spanning decarbonisation, renewable energy and power in the Continental U.S.
and Europe.

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:

lprelations@riverstonellc.com

Daniel Yunger - Kekst CNC:

daniel.yunger@kekstcnc.com

 

Deutsche Numis - Corporate Broker:

Hugh Jonathan / Matt Goss

+44(0) 20 7260 1000

 

Ocorian Administration (Guernsey) Limited - Company Secretary:

Birgitte Horn

oaglcosec@ocorian.com (mailto:oaglcosec@ocorian.com)

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DISEANEEAFDSFFA



            Copyright 2019 Regulatory News Service, all rights reserved