Director dealings: Riverstone Energy director lowers stake
Riverstone Energy revealed on Friday that director David Leuschen had offloaded two million ordinary shares in the London-listed firm.
Equity Investment Instruments
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15:45 15/11/24
FTSE All-Share
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15:45 15/11/24
FTSE Small Cap
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15:45 15/11/24
Riverstone Energy Limited
768.00p
08:30 15/11/24
Leuschen, who disposed of the shares as part of a divorce settlement, sold the shares on Thursday at an average price of 300.55p each, for a total value of £6.01m.
Back in February, Riverstone agreed to wind down its investment in Aleph Midstream through a sale to Vista Oil and Gas.
Riverstone Energy was expected to receive $23.5m (£18.24m) in proceeds through a return of its invested capital at a 1.0x gross multiple on invested capital.
As of 1655 BST, Riverstone shares were up 4.72% at 321.50p.
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