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Riverstone Energy Ltd (RSE) Redeemable Ordinary NPV

Sell:1,234.00p Buy:1,240.00p 0 Change: 16.00p (1.29%)
FTSE 250:1.54%
Market closed Prices as at close on 12 November 2018 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:
Update Pending
Details (last updated 19 Oct 2018)

Riverstone Energy Limited has announced proposals for a Tender Offer to purchase up to £55 million in value of the issued Share capital.

 

The Company is inviting Shareholders to tender (i.e. sell) some or all of their Shares at a minimum price which is not less than £12.00 or greater than £13.75 (in increments of 25p). Shareholders can elect to tender Shares for sale at different prices or at the Purchase Price. The Purchase Price will be the highest tender price per Share at which valid tenders are received in respect of an aggregate purchase price of up to £55 million.

 

If Tender elections are received for more than the aggregate purchase price of up to £55 million then Shareholders’ tenders at the eventual Purchase Price may be subject to scaling back

 

All Shares successfully tendered will be purchased at the Purchase Price.

 

You have three options to consider before our noon Monday 12 November 2018 deadline.

 

Option 1 – Tender a number of Shares at a price between £12.00 and £13.75 (in increments of 25p), at which point your tendered Shares will be removed from your portfolio. Any election must state the number of Shares you wish to tender and the price at which you wish to tender.

 

Option 2 - Tender a number of Shares at the Purchase Price. Shareholders can tender their Shares without specifying a price, at which point your tendered Shares will be removed from your portfolio. Any election must state the number of Shares you wish to tender.

 

Option 3 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

If you wish to give an instruction to accept Option 1 or Option 2, you must do so by noon Monday 12 November 2018.

 

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 and not on the summary information outlined above.

 

×
Sell:1,234.00p
Buy:1,240.00p
Change: 16.00p (1.29%)
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
Market closed Prices as at close on 12 November 2018 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:
Update Pending
Details (last updated 19 Oct 2018)

Riverstone Energy Limited has announced proposals for a Tender Offer to purchase up to £55 million in value of the issued Share capital.

 

The Company is inviting Shareholders to tender (i.e. sell) some or all of their Shares at a minimum price which is not less than £12.00 or greater than £13.75 (in increments of 25p). Shareholders can elect to tender Shares for sale at different prices or at the Purchase Price. The Purchase Price will be the highest tender price per Share at which valid tenders are received in respect of an aggregate purchase price of up to £55 million.

 

If Tender elections are received for more than the aggregate purchase price of up to £55 million then Shareholders’ tenders at the eventual Purchase Price may be subject to scaling back

 

All Shares successfully tendered will be purchased at the Purchase Price.

 

You have three options to consider before our noon Monday 12 November 2018 deadline.

 

Option 1 – Tender a number of Shares at a price between £12.00 and £13.75 (in increments of 25p), at which point your tendered Shares will be removed from your portfolio. Any election must state the number of Shares you wish to tender and the price at which you wish to tender.

 

Option 2 - Tender a number of Shares at the Purchase Price. Shareholders can tender their Shares without specifying a price, at which point your tendered Shares will be removed from your portfolio. Any election must state the number of Shares you wish to tender.

 

Option 3 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

If you wish to give an instruction to accept Option 1 or Option 2, you must do so by noon Monday 12 November 2018.

 

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 and not on the summary information outlined above.

 

×
Sell:1,234.00p
Buy:1,240.00p
Change: 16.00p (1.29%)
Market closed Prices as at close on 12 November 2018 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:
Update Pending
Details (last updated 19 Oct 2018)

Riverstone Energy Limited has announced proposals for a Tender Offer to purchase up to £55 million in value of the issued Share capital.

 

The Company is inviting Shareholders to tender (i.e. sell) some or all of their Shares at a minimum price which is not less than £12.00 or greater than £13.75 (in increments of 25p). Shareholders can elect to tender Shares for sale at different prices or at the Purchase Price. The Purchase Price will be the highest tender price per Share at which valid tenders are received in respect of an aggregate purchase price of up to £55 million.

 

If Tender elections are received for more than the aggregate purchase price of up to £55 million then Shareholders’ tenders at the eventual Purchase Price may be subject to scaling back

 

All Shares successfully tendered will be purchased at the Purchase Price.

 

You have three options to consider before our noon Monday 12 November 2018 deadline.

 

Option 1 – Tender a number of Shares at a price between £12.00 and £13.75 (in increments of 25p), at which point your tendered Shares will be removed from your portfolio. Any election must state the number of Shares you wish to tender and the price at which you wish to tender.

 

Option 2 - Tender a number of Shares at the Purchase Price. Shareholders can tender their Shares without specifying a price, at which point your tendered Shares will be removed from your portfolio. Any election must state the number of Shares you wish to tender.

 

Option 3 – Take no action. Shareholders are not obliged to tender any number of Shares. If you do not return an instruction no Shares will be tendered on your behalf and your holding will remain unchanged.

 

If you wish to give an instruction to accept Option 1 or Option 2, you must do so by noon Monday 12 November 2018.

 

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 and not on the summary information outlined above.

 

×
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
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:
1,238.00p
Trade high:
1,244.67p
Year high:
1,322.00p
Estimated NAV:
1,609.95
Previous close:
1,244.00p
Trade low:
1,227.95p
Year low:
1,160.00p
Premium/Discount:
-22.73%
Previous:
12.00p (0.96%)
Previous:
12.00p
Volume:
18,487
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

1 week 1W 0.97% 1 year 1Y 7.67%
1 month 1M 2.54% 2 years 2Y 3.76%
3 months 3M 1.99% 3 years 3Y 47.07%
6 months 6M 2.85% 5 years 5Y 29.2%

Performance figures are based on the previous close price. Past performance is not an indication of future performance.

Trust Basics

Benchmark: n/a
Annual management charge: 1.5% of Net Assets
Performance fee: Yes
Ongoing charge: 2.10%
Dividend yield: n/a
Dividend frequency: None
Total assets: £1,360m
Gross gearing: 100%
Market capitalisation:Market cap.: £1,051m
Shares in issue: 84.48 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

The Company’s investment objective is to generate long term capital growth by making investments in the global energy sector, with a particular focus on opportunities in the global exploration, production, and midstream sectors.

NET ASSET VALUE (NAV)

Estimated NAV: 1,609.95
Latest actual NAV: 1,442.00
Latest actual NAV date: 31 March 2018
Premium/Discount: -22.73%
12m average Premium/Discount: -18.23%
NAV frequency: Quarterly
Time / date Time Buy / sell Type Volume Price Value
16:35 - 12/11 16:35
12/11
Sell 6620 1,228.00p £81,293.60
16:29 - 12/11 16:29
12/11
Buy 115 1,234.00p £1,419.10
16:29 - 12/11 16:29
12/11
Buy 75 1,234.00p £925.50
16:27 - 12/11 16:27
12/11
Sell 2 1,232.00p £24.64
16:25 - 12/11 16:25
12/11
Sell 12 1,232.00p £147.84

Trades priced above mid-price at the time a trade is placed are assumed buys, those priced below are assumed sells. Trades priced close to mid-price or declared late are shown N/A. This is not a recommendation. More information.

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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’.

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 2019
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.
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account

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'.