REG - Riverstone Energy Ld - Compulsory Redemption of Shares

Riverstone EnergyAnnouncement

Wed 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:20251008:nRSH4363Ca&default-theme=true

RNS Number : 4363C  Riverstone Energy Limited  08 October 2025

LEI: 213800HAZOW1AWRSZR47

8 October 2025

Riverstone Energy Limited (the "Company" or "REL")

Compulsory Redemption of Shares

Further to the commencement of the Company's managed wind-down on 22 August
2025 and the approval given by Shareholders on that date to allow compulsory
redemptions of its ordinary shares (the "Shares") as described in the circular
to Shareholders dated 1 August 2025 (the "Circular"), the Company today
announces that it will return approximately £190 million by way of a
compulsory partial redemption of up to 17,257,038 Shares (the "Compulsory
Redemption") on 22 October 2025 (the "Redemption Date"). As at today's date,
the Company has 24,591,380 Shares in issue and holds no shares in treasury.

Approximately 70 per cent. of the Company's issued share capital (excluding
shares held in treasury) will be redeemed in the Compulsory Redemption. The
Redemption Price per Share will be £11.01 pence, being the NAV per Share as
at 30 June 2025 1  (#_ftn1) , with the amount to be applied to the redemption
comprising monies from the Company's existing cash balances. The Compulsory
Redemption will be effected pro rata to each Shareholder's registered holding
of Shares as at the close of business on the Redemption Date (the "Redemption
Record Date"). Fractions of Shares will not be redeemed and so the number of
Shares held by each Shareholder which are redeemed on the Redemption Date will
be rounded down to the nearest whole number of Shares.

On this basis, a holder of 10,000 Shares on the Redemption Record Date will
have 7,017 Shares redeemed, and will receive £77,257.17 in cash.

The Shares will be disabled in CREST after close of business on the Redemption
Date and the existing ISIN GG00BBHXCL35 (the "Old ISIN") will expire at the
same time.

The new ISIN GG00BSNRFW06 (the "New ISIN") in respect of the remaining Shares
which have not been redeemed, and which will be in issue and listed following
the Redemption Date, will be enabled and available for transactions from and
including 23 October 2025.

Up to and including the Redemption Date, the Shares will continue to be traded
under the Old ISIN. Any purchaser of Shares trading under the Old ISIN who is
not on the register as at the Redemption Record Date will have a market claim
for a proportion of the redemption proceeds. CREST will automatically
transform any open transactions as at the Redemption Date into the New ISIN.

Any Shares which have traded on or before the Redemption Date, but have not
settled, will be included in the Compulsory Redemption.

All Shares that are redeemed will be cancelled with effect from the Redemption
Date. Accordingly, once redeemed, such Shares will be incapable of transfer.

Payments of redemption monies are expected to be effected either through CREST
(in the case of Shares held in uncertificated form) or by cheque (in the case
of Shares held in certificated form) within 14 Business Days of the Redemption
Date, or as soon as practicable thereafter. Shareholders will be paid their
redemption proceeds in Sterling.

Expected timetable for the Compulsory Redemption

 Redemption Record Date                   5:00pm on 22 October 2025
 Redemption Date and expiry of Old ISIN   22 October 2025
 Redemption Ex Date and New ISIN enabled  23 October 2025
 Redemption payment date (on or around)   5 November 2025

Capitalised terms used but not defined in this announcement will have the same
meaning as set out in the Circular.

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) are incorporated into, or form part of, this announcement.

Media Contacts

For Riverstone Energy Limited: LPRelations@RiverstoneLLC.com
(mailto:LPRelations@RiverstoneLLC.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)

 

 1  (#_ftnref1)   Based on exchange rate of 1.3720 $/£ at 30 June 2025.

 

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  FURPKOBBPBDDAKK