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Riverstone Energy Ld - Director/PDMR Shareholding

RNS Number : 2935O
Riverstone Energy Limited
29 May 2020
 

Riverstone Energy Limited

29 May 2020

 

Notification of Transactions of Persons Closely Associated With Persons Discharging Managerial Responsibilities (PDMRs)

Riverstone Energy Limited (the "Company") has been notified that, in order to fulfil a personal financial commitment forming part of a divorce settlement, Mr David M. Leuschen, a director of the Company, sold 2,000,000 ordinary shares in the Company previously held, and transferred to him, by REL Coinvestment, LP and Riverstone Energy Limited Capital Partners, LP.  The proceeds of this sale will be transferred in full to his former spouse. 

Details of the transaction(s) can be found in the Notification of Dealing Form below. 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

David M. Leuschen 

2

Reason for the notification

a)

Position/status

Director of Riverstone Energy Limited

b)

Initial notification /Amendment

Initial

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Riverstone Energy Limited

b)

LEI

213800HAZOW1AWRSZR47

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary Shares

 

 

GG00BBHXCL35

b)

Nature of the transaction

Sale

c)

Volume(s) and Price(s)

N/A

d.1)

Aggregated information

- Aggregated volume

- Price

- Principal amount

 

 

2,000,000 shares

GBP £3.0055

GBP £6,011,000

d.2)

Date of the transaction

28 May 2020

e.)

Place of the transaction(s)

London Stock Exchange

 

About Riverstone Energy Limited:

REL is a closed-ended investment company that invests exclusively in the global energy industry across all sectors. REL aims to capitalise on the opportunities presented by Riverstone's energy investment platform.  REL's ordinary shares are listed on the London Stock Exchange, trading under the symbol RSE.  REL has 9 active investments spanning oil and gas, midstream, and energy services in the Continental U.S., Western Canada, Gulf of Mexico 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

Natasha Fowlie

Brian Potskowski

+44 (0) 203 206 6300

 


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 [email protected] or visit www.rns.com.
 
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Quick facts: Riverstone Energy Ltd

Price: 320

Market: LSE
Market Cap: £221.07 m
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