REG - Gresham House Energy - Capital Reduction

Gresham House Energy Storage FundAnnouncement

22/10/2024 14:45

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RNS Number : 1715J  Gresham House Energy Storage Fund  22 October 2024

 

22 October 2024

 

 

Gresham House Energy Storage Fund PLC

(the "Company" or "GRID")

Capital Reduction

The Company announces that on 22 October 2024 The High Court of Justice of
England and Wales confirmed the cancellation of the Company's share premium
reserve and B ordinary shares arising out of the capitalisation of the
Company's merger relief reserve (the "Reduction in Capital"). The Reduction in
Capital will become effective on registration of the Court Order at Companies
House. The Company will provide a further update to the market when the Court
Order has been registered.

 

The purpose of the Reduction of Capital is to provide the Company with a
significant pool of reserves which can be used in the future, if required, to
fund dividend distributions, returns of capital or to provide flexibility for
any other general corporate purposes, in accordance with applicable law.
Shareholders do not need to take any further action in relation to the
Reduction in Capital.

 

 

For Further Information

 

 Gresham House New Energy               +44 (0)20 3837 6270

 Ben Guest

 James Bustin

 Jefferies International Limited        +44 (0)20 7029 8000

 Stuart Klein

 Gaudi Le Roux

 Harry Randall

 KL Communications                      gh@kl-communications.com (mailto:gh@kl-communications.com)

 Charles Gorman                         +44 (0)20 3882 6644

 Charlotte Francis

 Effie Aye Maung Hider

 JTC (UK) Limited as Company Secretary  GHEnergyStorageCoSec@jtcgroup.com (mailto:GHEnergyStorageCoSec@jtcgroup.com)

 Christopher Gibbons

                                        +44 (0)20 7409 0181

 

 LEI: 213800MSJXKH25C23D82

 

 

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