Riverstone Energy Share News (RSE)

UK shareholder meetings calendar - next 7 days

EARNINGS: Leeds awaiting Hemmers sale, Macfarlane ups full-year payout

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

TRADING UPDATES: Active Energy rejects "baseless" legal action

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Riverstone Energy shares rise as USD200 million tender offer launched

(Alliance News) - Riverstone Energy Ltd on Thursday said it has proposed a USD200 million tender offer of shares.

SMALL-CAP WINNERS & LOSERS: Digital 9 falls; Riverstone up on tender

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

SMALL-CAP WINNERS & LOSERS: Superdry up as takeover talk heats up

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

TRADING UPDATES: Puma and Puma Alpha invest in Not Another Beer

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Riverstone Energy net asset value increases by 25%

Riverstone Energy Ltd - Guernsey-based investor in renewable and non-renewable energy companies - Issues interim management statement for the period from July 1 to September 30. Reports net asset value per share as at September 30 was GBP12.76, up 25% from GBP10.23 at June 30. Profit for the period totalled USD87.2 million, no comparison was given, while profit per share was 190.74 cents. Says during the period, it invested USD13.8 million in energy transition and decarbonisation investments, bringing the total invested in this area to over USD227.6 million across thirteen investments, which in aggregate were valued at USD153 million.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Riverstone Energy says Permian Resources to buy Earthstone

Riverstone Energy Ltd - Guernsey-based investor in renewable and non-renewable energy companies - Says investee Permian Resources Corp, a Midland, Texas-based oil and gas company, agreed on Monday to acquire Woodlands, Texas-based Earthstone Energy Inc. The all-stock transaction is valued at about USD4.5 billion, including Earthstone's net debt. Riverstone says this will strengthen Permian's position as a "leading" exploration and production company. The transaction is expected to close during the fourth quarter.

IN BRIEF: Riverstone Energy launches tender offer for 30% of shares

Riverstone Energy Ltd - investor in renewable and non-renewable energy companies - Launches tender offer for up to 13.8 million shares, 30.4% of its total, at GBP5.78 per share, worth GBP80 million in total. Riverstone Energy notes the tender price is the same as the stock's market close in London on Wednesday, which in turn represents a 43.5% discount to the company's net asset value as of June 30 of USD12.90, or GBP10.23. On Wednesday, Riverstone Energy issued half-year results and noted its share price discount to NAV had widened from 40.8% in June last year. This was despite the company buying back over the past three years 41% of the shares it had outstanding in May 2020. Riverstone on Thursday also notes recent asset disposals and strong cashflow as reasons for the tender offer. It says it had USD123 million in cash as of Wednesday.

Riverstone Energy asset value hurt as portfolio growth stocks suffer

(Alliance News) - Riverstone Energy Ltd on Wednesday said volatile energy prices, higher interest rates, and sustained inflation hurt the value of the growth companies in which it invests in the first half of the year.

Riverstone Energy net asset value falls in first half

(Sharecast News) - Riverstone Energy reported a net asset value of $12.90 or £10.23 per share at the end of its first half on Wednesday, making for an 11% dollar-denominated decline and a 15% reduction on a sterling basis when compared to 31 December.

SMALL-CAP WINNERS & LOSERS: Galliford Try expects strong annual profit

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

Riverstone Energy expects Anuvia investment to be written down to zero

Riverstone Energy Ltd - US, Canada, Europe and Australia-focused investment company based in Guernsey - Says portfolio company Anuvia Plant Nutrients Inc has ceased operations and is in liquidation. Adds that its investment of USD20 million made in March 2022 had been written down to USD14 million at the end of the first quarter. Expects investment to be written down to nothing in the upcoming second-quarter portfolio valuation.