Riverstone Energy Limited Transactions in Own Shares

Strategic Insights -

Riverstone Energy Limited, a closed-ended investment company listed on the London Stock Exchange, has made significant transactions in its own shares, purchasing a total of 249,999 shares at various prices through J.P. Morgan Securities plc. The purchases occurred on August 21, 2020, with the company intending to cancel 250,000 shares following the transaction. This move is part of Riverstone's strategy to capitalize on the opportunities in the global energy industry, with its ordinary shares now being listed with a total of 68,834,616 shares in issue.

Key Takeaways:

  • Riverstone Energy Limited has purchased a total of 249,999 ordinary shares in its own shares on the London Stock Exchange through J.P. Morgan Securities plc.
  • The purchases were made on August 21, 2020, with the company intending to cancel 250,000 shares following the transaction.
  • The weighted average price per day per trading venue for the London Stock Exchange was £309.3157, while for XUBS, it was £308.75.
  • The company aims to capitalize on the opportunities presented by Riverstone's energy investment platform and has 10 active investments spanning oil and gas, renewable energy, and energy services in various regions.
  • The total number of ordinary shares in issue for Riverstone Energy Limited is now 68,834,616.
  • The company's ordinary shares are listed on the London Stock Exchange under the symbol RSE.

Statistics:

  • Total number of ordinary shares purchased: 249,999
  • Date of purchase: August 21, 2020
  • Lowest price per share (LSE): £308.00
  • Highest price per share (LSE): £310.50
  • Weighted average price per day per trading venue (LSE): £309.3157
  • Lowest price per share: £308.75 (XUBS)
  • Highest price per share: £308.75 (XUBS)
  • Weighted average price per day per trading venue (XUBS): £308.75
  • Number of ordinary shares purchased through J.P. Morgan Securities plc: 200,000
  • Lowest price per share (JPSI): £309.50
  • Highest price per share (JPSI): £309.50
  • Weighted average price per day per trading venue (JPSI): £309.50

Sources:

  • London Stock Exchange plc, "Riverstone Energy Limited Transactions in Own Shares" (August 21, 2020)
  • Riverstone Energy Limited, website (www.RiverstoneREL.com)