Update on Return of Capital

Riverstone Credit Opps. Inc PLC

10 September 2024

 

10 September 2024

RIVERSTONE CREDIT OPPORTUNITIES INCOME PLC

 ("RCOI" or the "Company")

Update on Return of Capital by way of a Compulsory Redemption of Ordinary Shares

The Company today announces that, in connection with the compulsory redemption (the "Compulsory Redemption") of ordinary shares of US$0.01 each in the capital of the Company (the "Ordinary Shares") announced on 13 August 2024, the Company at close of business yesterday, 9 September 2024 (the "Redemption Date"), redeemed (on a pro rata basis) 22,648,201 Ordinary Shares at a redemption price of US$1.017 per Ordinary Share. The Ordinary Shares redeemed were equal to approximately 25 per cent. of the Company's Ordinary Shares in issue as at the Redemption Date.

Fractions of shares produced by the applicable redemption ratio have not been redeemed and therefore the number of Ordinary Shares redeemed in respect of each shareholder have been rounded down to the nearest whole number of Ordinary Shares. All Ordinary Shares redeemed pursuant to the Compulsory Redemption have been cancelled.

Payments of redemption monies are expected to be effected either through CREST (in the case of Ordinary Shares held in uncertificated form) or by cheque (in the case of Ordinary Shares held in certificated form), in each case by 19 September 2024. Any certificates currently in circulation will be superseded by a new certificate which will be distributed to certificated shareholders.

Following the redemption, the Company has 68,157,036 Ordinary Shares in issue. Accordingly, the total number of voting rights in the Company is 68,157,036, which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

The new ISIN GB00BS0C7H78 (the "New ISIN"), in respect of the remaining Shares which have not been redeemed, is enabled and available for transactions from 8.00 a.m. today, 10 September 2024. CREST will automatically transform any open transactions as at the Redemption Date into the New ISIN.

For Riverstone Credit Opportunities Income Plc:

Adam Weiss                                                     Tel: [phone]

For J.P. Morgan Cazenove (Corporate Broker):

Jérémie Birnbaum (Corporate Finance)           Tel: [phone]      

Media Contacts:

Buchanan        

Helen Tarbet                                                    Tel: [phone]

Henry Wilson                                                   Tel: [phone]

Verity Parker                                                    Tel: [phone]

Samuel Adams                                                 Tel: [phone]

Email: [e-mail]

For further details, see https://www.riverstonecoi.com/.

 

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