REG - Gore Street Energy - Result of AGM

Gore Street Energy Storage FundAnnouncement

18/09/2025 16:15

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RNS Number : 9412Z  Gore Street Energy Storage Fund PLC  18 September 2025

Gore Street Energy Storage Fund plc

Annual General Meeting

18 September 2025

 

Gore Street Energy Storage Fund plc ("the Company") announces the results of
its Annual General Meeting, held today, Wednesday 18 September 2025, at the
offices of Stephenson Harwood LLP, 1 Finsbury Circus, London EC2M 7SH.

The Board is pleased to report that all ordinary resolutions as set out in the
Notice of Meeting were duly passed by poll.

Of the special resolutions (Resolutions 14-17), which required 75% of votes
cast in favour to pass, Resolutions 16 and 17 passed. Resolutions 14 and 15
received support of over 74% but did not pass.

The results of the poll were:

      Resolution                                                                      Votes For (including discretionary)  %      Votes Against  %      Votes Withheld  % of Issued Share Capital voted
 1    To receive the annual financial statements with the Directors' and auditor's    255,703,563                          94.62  14,541,079     5.38   2,216,532       53.50
      reports on the statements
 2    To approve the dividend frequency policy                                        228,587,149                          84.57  41,714,546     15.43  2,159,479       53.51
 3    To approve the Directors' remuneration report                                   226,293,827                          83.96  43,223,147     16.04  2,944,200       53.36
 4    To approve the remuneration policy                                              219,798,466                          83.41  43,720,943     16.59  8,941,765       52.17
 5    To re-elect Patrick Cox                                                         197,434,268                          73.01  72,998,143     26.99  2,028,763       53.54
 6    To re-elect Caroline Banszky                                                    210,967,219                          78.02  59,442,461     21.98  2,051,494       53.54
 7    To re-elect Malcolm King                                                        221,211,256                          82.28  47,645,392     17.72  3,604,526       53.23
 8    To re-elect Thomas Murley                                                       221,334,386                          82.33  47,506,243     17.67  3,620,545       53.23
 9    To re-elect Lisa Scenna                                                         217,443,565                          80.88  51,403,833     19.12  3,613,776       53.23
 10   To appoint Ernst & Young LLP as auditor                                         253,968,885                          94.10  15,933,520     5.90   2,558,766       53.44
 11   To authorise the directors to determine the auditor's remuneration              253,195,292                          93.72  16,954,300     6.28   2,311,582       53.48
 12   To authorise the Directors to allot shares                                      210,629,224                          78.01  59,368,763     21.99  2,463,187       53.45
 13   Subject to the passing of resolution 12, to authorise the Directors to allot    210,287,628                          77.90  59,669,073     22.10  2,504,473       53.45
      additional shares
 14*  Subject to the passing of resolution 12, to authorise the Directors to allot    201,637,520                          74.74  68,141,416     25.26  2,682,238       53.41
      equity securities
 15*  Subject to the passing of resolution 13, to authorise the Directors to allot    201,864,458                          74.82  67,933,625     25.18  2,663,091       53.41
      equity securities
 16*  To renew the authority of the company to make market purchases of own ordinary  259,227,122                          95.81  11,338,718     4.19   1,895,334       53.57
      shares
 17*  To approve a 14-day notice period for general meetings                          254,946,999                          94.33  15,322,128     5.67   2,192,047       53.51

 

*Resolutions 14-17 were special resolutions.  Copies of resolutions 12-17
will be filed at Companies House.

 

While Resolutions 5, 6, 12, and 13 passed, they received a significant number
of votes against. The Board takes this feedback seriously and, in line with
Provision 4 of the AIC Corporate Governance Code 2024, the Board will report
on the actions it has taken to further engage with shareholders.

The Board also expects to undertake a further round of formal shareholder
engagement in approximately six months to update on progress.

 

 Shareholders are entitled to one vote per share. Votes withheld are not a
vote in law and are therefore not counted in the calculation of the
percentages of the votes cast for and against a resolution. Where shareholders
appointed the Chairman as their proxy with discretion as to voting, their
votes were cast in favour of the resolutions, and their shares have been
included in the "votes for" column.

 

The total number of ordinary shares of 1p each in issue is 505,099,478. The
total number of voting rights is: 505,099,478.

 

In accordance with LR 6.4.2, a copy of the resolutions passed, other than
resolutions concerning ordinary business, at today's AGM will be submitted to
the National Storage Mechanism and will be available for inspection
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

Enquiries:

0204 583 6354

Gore Street Services Limited

Secretary

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