REG - Gore Street Energy - Investment Manager's Group Restructuring

Gore Street Energy Storage FundAnnouncement

31/03/2025 17:45

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RNS Number : 9771C  Gore Street Energy Storage Fund PLC  31 March 2025

31 March 2025

Gore Street Energy Storage Fund plc

(the "Company" or "GSF") 

Restructuring within the Investment Manager's Group

 

Gore Street Investment Management Limited ("GSIM"), a 100% owned subsidiary of
Gore Street Capital Limited ("GSC", the Company's former AIFM and investment
manager) received approval from the Financial Conduct Authority ("FCA") to
perform regulated activities, including permission to manage unauthorised
AIFs, effective 31 March 2025.

Following that approval, and as part of a corporate restructuring within the
Investment Manager's group, on 31 March 2025, the Company's alternative
investment fund management agreement ("AIFM Agreement"), was novated from GSC
to GSIM. Under the terms of the novation agreement, GSC transferred all of its
rights and obligations under the AIFM Agreement to GSIM. GSIM has undertaken
to the Company to observe, perform, discharge and be bound by the AIFM
Agreement as if it were a party to the original AIFM Agreement in place of
GSC. The terms of the AIFM Agreement, including those relating to the payment
of fees and the notice period, remain the same.

In addition, due to the change of AIFM, the Depositary Agreement between the
Company, GSC and INDOS Financial Limited has also been novated, with GSIM
taking the place of GSC. All the terms of the Depositary Agreement remain the
same.

 

For further information: 

Gore Street Capital Limited / Gore Street Investment Management
Limited          

Alex O'Cinneide / Paula Travesso / Ben Paulden 

Email: ir@gorestreetcap.com
(https://gorestreetcap01-my.sharepoint.com/personal/bpaulden_gorestreetcap_com/Documents/ir@gorestreetcap.com)
 
Tel: +44 (0) 20 4551 7860

 

Shore Capital (Joint Corporate Broker)   

Anita Ghanekar / Sophie Collins (Corporate Advisory)
 
Tel: +44 (0) 20 7408 4050

Fiona Conroy (Corporate Broking)             

 

J.P. Morgan Cazenove (Joint Corporate
Broker)

William Simmonds / Jérémie Birnbaum (Corporate
Finance)                                 Tel:
+44 (0) 20 3493 8000 

 

Burson Buchanan (Media Enquiries)       

Charles Ryland / Henry Wilson / Samuel
Adams
 Tel: +44 (0) 20 7466 5000

Email: gorestreet@buchanan.uk.com (mailto:gorestreet@buchanan.uk.com)  

 

Notes to Editors 

About Gore Street Energy Storage Fund plc 

Gore Street is London's first listed and internationally diversified energy
storage fund dedicated to the low-carbon transition. It seeks to provide
Shareholders with sustainable returns from their investment in a diversified
portfolio of utility-scale energy storage projects. In addition to growth
through increasing operational capacity and a considerable pipeline, the
Company aims to deliver consistent and robust dividend yield as income
distributions to its Shareholders. 

https://www.gsenergystoragefund.com
(https://www.gsenergystoragefund.com/index)  

 

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