REL Makes New Decarbonization Investment

RNS Number : 5209I

Riverstone Energy Limited

13 August 2021

 

LEI: 213800HAZOW1AWRSZR47

Riverstone Energy Limited

Investment in Decarbonization Plus Acquisition Corporation IV - Small Related Party transaction

Riverstone Energy Limited ("REL" or the "Company") is pleased to announce the investment of up to $0.6 million in Decarbonization Plus Acquisition Corporation IV ("DCRD"), a special purpose acquisition vehicle sponsored by an affiliate of REL's investment manager. DCRD seeks to capitalise on the Riverstone platform to identify, acquire and operate a business in industries that may provide opportunities for attractive risk-adjusted returns in one of the multiple sectors that may advance the objectives of global decarbonization. This includes the energy and agriculture, industrials, transportation and commercial and residential sectors.

David Leuschen and Pierre Lapeyre, co-founders of Riverstone Holdings LLC, who were directors of REL until October 2020 and therefore are considered related parties of the Company for the purpose of the Listing Rules, have also invested in DCRD, thus making REL's investment in DCRD a small related party transaction. David Leuschen and Pierre Lapeyre also invested in Decarbonization Plus Acquisition Corporation II ("DCRN") and Decarbonization Plus Acquisition Corporation III ("DCRC"), into which, as previously disclosed, REL invested $0.6 million and $0.5 million, respectively. Due to the aggregation of REL's investment in DCRN, DCRC and DCRD, as they were all alongside the same related parties within a twelve month period, the DCRD investment falls within Listing Rule 11.1.10R.

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 13 active investments spanning decarbonisation, oil and gas, renewable energy and power 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:

Josh Prentice

[phone]

 

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