REG - Gresham House Energy - Disclosure of New Directorship

Gresham House Energy Storage FundAnnouncement

25/04/2024 11:30

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RNS Number : 0486M  Gresham House Energy Storage Fund  25 April 2024

25 April 2024

 

Gresham House Energy Storage Fund plc

 

Disclosure of New Directorship

 

In accordance with Listing Rule 9.6.14(2), Gresham House Energy Storage Fund
plc (the "Company") announces that David Stevenson, an independent
non-executive director of the Company, has been appointed as a non-executive
director of Workspace Group PLC with effect from 1 June 2024.

 

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

Christopher Gibbons

+44 207 409 0181

For further information, please contact:

LEI: 213800MSJXKH25C23D82

About the Company and the Manager:

Gresham House Energy Storage Fund plc seeks to provide investors with an
attractive and sustainable dividend over the long term by investing in a
diversified portfolio of utility-scale battery energy storage systems (known
as BESS) located in Great Britain and internationally. In addition, the
Company seeks to provide investors with the prospect of capital growth through
the re-investment of net cash generated in excess of the target dividend in
accordance with the Company's investment policy.

 

The Company targets an unlevered Net Asset Value total return of 8% per annum
and a levered Net Asset Value total return of 15% per annum, in each case
calculated net of the Company's costs and expenses.

 

Gresham House Asset Management Ltd is the FCA authorised operating business of
Gresham House Ltd, a specialist alternative asset manager. Gresham House is
committed to operating responsibly and sustainably, taking the long view in
delivering sustainable investment solutions.

www.greshamhouse.com (http://www.greshamhouse.com)

Definition of utility-scale battery energy storage systems (BESS)

Utility-scale battery energy storage systems (BESS) are the enabling
infrastructure that will support the continued growth of renewable energy
sources such as wind and solar, essential to the UK's stated target to reduce
carbon emissions. They store excess energy generated by renewable energy
sources and then release that stored energy back into the grid during peak
hours when there is increased demand.

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