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Riverstone Energy Ltd (RSE) Redeemable Ordinary NPV

Sell:922.00p Buy:1,000.00p 0 Change: 13.00p (1.37%)
Market closed Prices as at close on 18 March 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Riverstone Energy Ltd Redeemable Ordinary NPV

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 5 Mar 2024)

Riverstone Energy Ltd wants to return approximately £158.4 million to shareholders. To do this the company is offering to buy up to 15,047,619 of its shares at a price of £10.50 per share. This is called a tender offer.

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) approximately 35.66% of your shareholding. You can ask to sell more or less than this, but you might not successfully sell all the shares you tender above this entitlement.

 

If you don’t want to sell any shares, you don’t need to do anything.

 

Sell shares in the offer – Act by noon on Friday 22 March 2024

  

Any shares you ask to sell will be removed from your portfolio from 22 March 2024. You’ll receive cash from shares successfully sold on or around 5 April 2024, and any shares not successfully sold will be returned to your account around the same time.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Sell:922.00p
Buy:1,000.00p
Change: 13.00p (1.37%)
Market closed Prices as at close on 18 March 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Riverstone Energy Ltd Redeemable Ordinary NPV

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 5 Mar 2024)

Riverstone Energy Ltd wants to return approximately £158.4 million to shareholders. To do this the company is offering to buy up to 15,047,619 of its shares at a price of £10.50 per share. This is called a tender offer.

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) approximately 35.66% of your shareholding. You can ask to sell more or less than this, but you might not successfully sell all the shares you tender above this entitlement.

 

If you don’t want to sell any shares, you don’t need to do anything.

 

Sell shares in the offer – Act by noon on Friday 22 March 2024

  

Any shares you ask to sell will be removed from your portfolio from 22 March 2024. You’ll receive cash from shares successfully sold on or around 5 April 2024, and any shares not successfully sold will be returned to your account around the same time.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Sell:922.00p
Buy:1,000.00p
Change: 13.00p (1.37%)
Market closed Prices as at close on 18 March 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

Riverstone Energy Ltd Redeemable Ordinary NPV

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 5 Mar 2024)

Riverstone Energy Ltd wants to return approximately £158.4 million to shareholders. To do this the company is offering to buy up to 15,047,619 of its shares at a price of £10.50 per share. This is called a tender offer.

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) approximately 35.66% of your shareholding. You can ask to sell more or less than this, but you might not successfully sell all the shares you tender above this entitlement.

 

If you don’t want to sell any shares, you don’t need to do anything.

 

Sell shares in the offer – Act by noon on Friday 22 March 2024

  

Any shares you ask to sell will be removed from your portfolio from 22 March 2024. You’ll receive cash from shares successfully sold on or around 5 April 2024, and any shares not successfully sold will be returned to your account around the same time.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
948.00p
Trade high:
964.00p
Year high:
960.00p
Estimated NAV:
1,253.00
Previous close:
948.00p
Trade low:
933.25p
Year low:
512.00p
Premium/Discount:
-24.10%
Previous:
3.00p (0.32%)
Previous:
3.00p
Volume:
1,569
Dividend yield:
n/a
Currency:
GBX
Data delayed by at least 15 minutes.

Price

  • Net Asset Value (NAV)
RIVERSTONE performance chart

Premium/Discount

RIVERSTONE performance chart
Full interactive share price and premium / discount charts

Performance

Not available for this stock.

Trust Basics

Benchmark: No benchmark
Annual management charge: n/a
Performance fee: Yes
Ongoing charge: 2.28%
Dividend yield: n/a
Dividend frequency: Annually
Total assets: £529m
Gross gearing: 0%
Market capitalisation:Market cap.: £401m
Shares in issue: 42.20 million
Legal structure Closed Ended Investment Company
Domicile: Guernsey
ISIN GG00BBHXCL35

Dividend information for this stock is not available.

Dividend information for this stock is not available.

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Important Documents



Objective

To generate long term capital growth by making investments in the global energy sector.

NET ASSET VALUE (NAV)

Estimated NAV: 1,253.00
Latest actual NAV: 1,276.00
Latest actual NAV date: 30 September 2023
Premium/Discount: -24.10%
12m average Premium/Discount: -45.69%
NAV frequency: Quarterly

Recent trade data is unavailable. We will be replacing it, however in the meantime the information is available on the London Stock Exchange website.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Key Dates

Launch date: 24 October 2013
Financial year end: December
Next AGM: May 2024
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. Dividend data provided by Digital Look. Recent trade data provided by MoneyAM. Trust basics, holding data, key dates, objective and NAV provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.