REG - Gresham House Energy - Notice of Results

Gresham House Energy Storage FundAnnouncement

04/04/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230404:nRSD2154Va&default-theme=true

RNS Number : 2154V  Gresham House Energy Storage Fund  04 April 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

 

4 April 2023

 

Gresham House Energy Storage Fund plc

(GRID or the Company)

 

Notice of Full-Year Results

 

 

Gresham House Energy Storage Fund plc (LSE: GRID), the UK's largest fund
investing in utility-scale battery energy storage systems (BESS), announces
that it will publish its financial results for the 12-months ended 31 December
2022 on Thursday 6 April 2023 at 07:00 BST.

 

The results will be made available on the GRID website at:
https://greshamhouse.com/real-assets/new-energy/gresham-house-energy-storage-fund-plc/
(https://greshamhouse.com/real-assets/new-energy/gresham-house-energy-storage-fund-plc/)
.

Gresham House will host a webinar for investors at 11:00 BST on the day. To
access the live webinar, please register in advance here:

https://greshamhouse.zoom.us/webinar/register/WN_j7zIggjiSC6WfbyEP_r_QQ
(https://greshamhouse.zoom.us/webinar/register/WN_j7zIggjiSC6WfbyEP_r_QQ)

 

 

For further information, please contact:

 

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

 Ben Guest

 Rupert Robinson

 Jefferies International Limited        +44 (0)20 7029 8000

 Stuart Klein

 Gaudi Le Roux

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

 Charles Gorman                         +44 (0)20 3995 6699

 Charlotte Francis

 Millie Steyn

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

 David Rice

                                      +44 203 832 3879

 

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 in Overseas Jurisdictions. 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 is the FCA authorised operating business of
Gresham House plc, a London Stock Exchange quoted 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.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NORMZGGDVFMGFZM