REG - Riverstone Energy Ld - Update on Share Buyback Programme

Riverstone EnergyAnnouncement

15/05/2023 10:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230515:nRSO4115Za&default-theme=true

RNS Number : 4115Z  Riverstone Energy Limited  15 May 2023

LEI: 213800HAZOW1AWRSZR47

 

 

15 May 2023

 

Riverstone Energy Limited

("REL" or the "Company")

 

Update on Share Buyback Programme

As announced on 5 May 2023, the Company is continuing the share buyback
programme announced on 24 February 2022, with approximately £11 million
remaining of the £46 million allocated to the programme.

Assuming that the resolution to authorise further share buybacks to be
proposed at the Company's Annual General Meeting scheduled for 23 May 2023 is
passed, the Company intends to increase the amount to be allocated to buying
back shares following the Annual General Meeting by a further £30 million,
with the total amount available for buybacks also including any balance then
remaining unused under the current programme.

The portfolio continues to generate strong cash flows to support share
buybacks up to these amounts.

About Riverstone Energy Limited:

 

REL is a closed-ended investment company which invests in the energy industry
that has since 2020 been exclusively focused on pursuing a global strategy
across decarbonisation sectors presented by Riverstone's investment platform,
resulting in aggregate commitments to-date of $193 million.  REL's ordinary
shares are listed on the London Stock Exchange, trading under the symbol
RSE.  REL has 16 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

 

 

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  POSSFESAIEDSEII