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Riverstone Energy on Wednesday reported the compulsory redemption of around 70% of its shares shares following the commencement of its managed wind down in August this year. The London-based energy infrastructure and energy transition credit investor said it will return around £190 million to shareholders through a compulsory partial redemption of up to 17.3 million shares on October 22. Riverstone Energy has 24.6 million shares in issue, with around 70% of its issued share capital set to be redeemed via the compulsory redemption. The company said the redemption price is set at £11.0, representing the net asset value per share at June 30. It noted that fractions of shares won’t be redeemed and as such shares held will be rounded to the nearest whole number of shares. Riverstone Energy said it would utilise existing cash to pay redeeming shareholders. Shares in Riverstone Energy were up 0.7% to 912.53 pence on Wednesday at around midday in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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