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On 22 August 2025, Riverstone Energy Limited's Extraordinary General Meeting passed all resolutions, including adopting a new investment objective and policy, with 99.73% of votes cast in favour and 0.27% against for each. Following these results, the Company commenced its Managed Wind-Down.
| Date | 22 Aug 2025 |
| Time | 12:01:09 |
| Category | AGMs and other meetings |
| ID | 4719W |
LEI: 213800HAZOW1AWRSZR47
22 August 2025
Riverstone Energy Limited
Result of Extraordinary General Meeting and Commencement of Managed Wind-Down
At the Extraordinary General Meeting of Riverstone Energy Limited (the "Company") held earlier today, all resolutions (the "Resolutions") contained in the notice of extraordinary general meeting dated 1 August 2025 (the "Notice of EGM") were duly passed on a poll vote without amendment. Accordingly, the Company has entered into Managed Wind-Down, as further described in the Notice of EGM.
The Company will keep shareholders updated as the Managed Wind-Down progresses.
The results of the poll votes on the Resolutions were as follows:
|
Resolution |
Votes For (including Discretionary) |
% |
Votes Against |
% |
Votes Withheld* |
|
The Company to adopt the New Investment Objective and Policy. |
16,461,495 |
99.73 |
43,789 |
0.27 |
1,817 |
|
All shares in issue be converted into ordinary shares that are redeemable at the option of the Company. |
16,461,495 |
99.73 |
43,789 |
0.27 |
1,817 |
|
To approve and adopt the new articles of incorporation of the Company. |
16,461,495 |
99.73 |
43,789 |
0.27 |
1,817 |
*A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "for" or "against" the special resolution.
All votes cast were proxy votes received in advance of the meeting. Accordingly, the proxy votes received by the Company are identical to the above.
As at 22 August 2025, the Company's issued share capital comprises 24,591,380 Ordinary Shares. Each Ordinary Share carries the right to one vote at a general meeting of the Company. Accordingly, the total number of shares in the Company entitling the holders to attend and vote for or against the Resolutions was 24,591,380. The Company holds no Ordinary Shares in treasury.
The full text of the Resolutions can be found in the Notice of the Meeting, which is contained in the circular to Shareholders dated 1 August 2025, copies of which are available on the Company's website at https://www.riverstonerel.com/. Copies of the Resolutions will shortly be available for inspection at the National Storage Mechanism: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
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 has 7 active investments spanning decarbonisation, oil and gas, renewable energy and power in the Continental U.S., Western Canada and Europe.
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: 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