Director/PDMR Shareholding

RNS Number : 5294Y

Riverstone Energy Limited

09 September 2020

 

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

Riverstone Energy Limited (the "Company") has been notified that Riverstone Energy Limited Capital Partners LP ("RELCP"), a person closely associated ("PCA") with each of David Leuschen, Pierre Lapeyre, Jr. and Kenneth Ryan has acquired 46,582 ordinary shares in the Company. The acquisition of shares represents the reinvestment of a portion of the net performance allocation due to RELCP following the realisation of the Company's investments in Three Rivers Natural Resources Holdings III, LLC, Sierra Oil and Gas Holdings L.P. and Rock Oil Holdings, LLC (the "Realisations"). Following this acquisition of shares, RELCP is due a remaining amount equal to approximately £0.22m in respect of its remaining net performance allocation in relation to the Realisations, which amount will be reinvested by RELCP in ordinary shares in the Company in due course. The performance allocation relating to the Realisations was awarded prior to the effective date of the amendments to the performance allocation arrangements announced by the Company on 3 January 2020. 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	Riverstone Energy Limited Capital Partners LP
2	Reason for the notification
a)	Position/status	Person closely associated with each of David Leuschen, Pierre Lapeyre, Jr. and Kenneth Ryan, all of whom are directors 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	Purchase of shares representing the reinvestment of a portion of the net performance allocation due to RELCP following the Realisations
c)	Volume(s) and Price(s)	Shareholder	Price(s)	Volume(s)
		Riverstone Energy Limited Capital Partners LP	GBP 3.1609	46,582
d.1)	Aggregated information - Aggregated volume - Price - Principal amount	46,582 shares GBP 3.1609 GBP 147,241.04
d.2)	Date of the transaction	4 September 2020
f.)	Place of the transaction(s)	London Stock Exchange

 

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