Riverstone Energy Limited Update on Share Buyback Programme (4115Z)
May 15 2023 - 4:53AM
UK Regulatory
TIDMRSE
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
GBP11 million remaining of the GBP46 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 GBP30 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
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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