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LONDON - Riverstone (LON:RSER) Energy Limited (LSE:RSE) announced Friday that shareholders approved all resolutions to begin a managed wind-down of the company at an Extraordinary General Meeting held earlier in the day.
The closed-ended investment company, which focuses on energy industry investments, received overwhelming support for its wind-down plan with approximately 99.73% of votes cast in favor of each resolution, according to a press release statement.
The approved measures include adopting a new investment objective and policy, converting all shares in issue into company-redeemable ordinary shares, and implementing new articles of incorporation.
A total of 16,461,495 votes supported the resolutions, while 43,789 votes were cast against, with 1,817 votes withheld. All votes were submitted via proxy in advance of the meeting.
The company, which has seven active investments across decarbonization, oil and gas, renewable energy, and power sectors in the Continental U.S., Western Canada, and Europe, will now proceed with the managed wind-down process as outlined in the notice of extraordinary general meeting dated August 1, 2025.
Riverstone Energy stated it will provide updates to shareholders as the wind-down progresses. The company’s issued share capital currently comprises 24,591,380 ordinary shares, with each share carrying one vote at general meetings.
The full text of the resolutions is available in the circular to shareholders dated August 1, 2025, which can be accessed on the company’s website.
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