REG - Gore Street Energy - Reduction of Share Premium Account

Gore Street Energy Storage FundAnnouncement

10/01/2022 11:00

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RNS Number : 9385X  Gore Street Energy Storage Fund PLC  10 January 2022

10 January 2022

Gore Street Energy Storage Fund plc

(the 'Company' or 'Gore Street')

Reduction of Share Premium Account

At the Company's general meeting held on 6 September 2021, a special
resolution was passed that, subject to the confirmation of the Court, the
amount standing to the credit of the share premium account of the Company be
reduced by £40 million. The Company is pleased to announce that, following
the approval of the Court on 14 December 2021 and the subsequent registration
of the Court order with the Registrar of Companies on 15 December 2021, the
reduction has now become effective. The certificate of registration of order
of court on reduction of share premium account was given at Companies House on
7 January 2022.

The Legal Entity Identifier of the Company is 213800GPUNVGG81G4O21.

 

 

For further information:

 Gore Street Capital Limited
 Alex O'Cinneide / Maria Vaggione                                  Tel: +44 (0) 20 3826 0290

 Shore Capital (Joint Corporate Broker)
 Anita Ghanekar / Rose Ramsden / Iain Sexton (Corporate Advisory)  Tel: +44 (0) 20 7 408 4050

 Fiona Conroy / Henry Willcocks (Corporate Broking)

 

 J. P. Morgan Cazenove (Joint Corporate Broker)
 William Simmonds / Jérémie Birnbaum (Corporate Finance)    Tel: +44 (0) 20 7742 4000

 

Buchanan (Media enquiries)

 Charles Ryland / Henry Wilson / George Beale  Tel: +44 (0) 20 7466 5000
                                               Email: Gorestreet@buchanan.uk.com

 

JTC (UK) Limited, Company
Secretary
Tel: +44 (0) 20 7409 0181

 

Notes to Editors

About Gore Street Energy Storage Fund plc

Gore Street is London's first listed energy storage fund and seeks to provide
Shareholders with a significant opportunity to invest in a diversified
portfolio of utility scale energy storage projects. In addition to growth
through exploiting its considerable pipeline, the Company aims to deliver
consistent and robust dividend yield as income distributions to its
Shareholders.

The Company targets an annual dividend of 7.0% of NAV per Ordinary Share in
each financial year, subject to a minimum target of 7.0 pence per Ordinary
Share. Dividends are paid quarterly.

 

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