REG - Gresham House Energy - Result of 2022 Annual General Meeting

Gresham House Energy Storage FundAnnouncement

30/06/2022 16:45

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RNS Number : 8972Q  Gresham House Energy Storage Fund  30 June 2022

30 June 2022

 

GRESHAM HOUSE ENERGY STORAGE FUND PLC

(GRID, the "Company")

Result of 2022 Annual General Meeting

 

Gresham House Energy Storage Fund PLC (LSE: GRID) announces that at the
Company's 2022 Annual General Meeting held today, all resolutions were passed
on poll and the results of the poll, including the proxy votes received, are
set out below.

Resolutions 1 to 10 (inclusive) were proposed as ordinary resolutions and
resolutions 11 to 13 (inclusive) were proposed as special resolutions.

 

     Resolution                                                                  Votes For*   %       Votes Against  %      Total votes validly cast  Total votes cast as % of issued share capital  Vote Withheld **
 1   Receive annual accounts for period ended 31 December 2021                   332,064,468  100.00  2,325          0.00   332,066,793               61.35                                          80,600
 2   Approve directors' remuneration report                                      321,900,359  96.93   10,212,213     3.07   332,112,572               61.36                                          34,281
 3   Approve the Company's dividend policy                                       332,142,333  100.00  4,520          0.00   332,146,853               61.36                                          0
 4   Re-elect John Leggate as a director                                         332,118,127  100.00  11,185         0.00   332,129,312               61.36                                          17,541
 5   Re-elect Duncan Neale as a director                                         332,118,127  100.00  11,185         0.00   332,129,312               61.36                                          17,541
 6   Re-elect Cathy Pitt as a director                                           254,913,888  90.90   25,515,945     9.10   280,429,833               51.81                                          51,717,020
 7   Re-elect David Stevenson as director                                        298,534,288  89.88   33,595,024     10.12  332,129,312               61.36                                          17,541
 8   To re-appoint BDO LLP as the Company's auditor                              298,562,032  89.89   33,584,821     10.11  332,146,853               61.36                                          0
 9   To authorise the board of directors to determine the auditors remuneration  298,541,018  89.89   33,590,821     10.11  332,131,839               61.36                                          15,014
 10  To authorise the Company to allot ordinary shares                           332,125,051  99.99   21,802         0.01   332,146,853               61.36                                          0
 11  To authorise the disapplication of statutory pre-emption in relation the    314,130,590  94.58   17,989,242     5.42   332,119,832               61.36                                          27,021
     ordinary shares authorised in resolution 10.
 12  To authorise the Company to make market purchases of its own shares         332,115,004  99.99   29,573         0.01   332,144,577               61.36                                          2,276
 13  To permit general meetings to be called on 14 days' notice                  330,387,034  99.47   1,759,819      0.53   332,146,853               61.36                                          0

 

* Includes discretionary votes

** A vote withheld is not a vote in law and is not counted in the calculation
of the votes for or against a resolution.

 

For further information, please contact:

 

 Gresham House New Energy

 Ben Guest                              +44 (0) 20 3837 6270

 Jefferies International Limited

 Stuart Klein                           +44 (0) 20 7029 8000

 Gaudi le Roux

 Harry Randall

 KL Communications

 Charles Gorman                         +44 (0) 20 3995 6673

 Camilla Esmund

 Alex Hogan

 JTC (UK) Limited as Company Secretary  +44 (0) 207 409 0181

 Christopher Gibbons

 

Notes:

 

Every shareholder has one vote for every Ordinary Share held. As at close of
business on 28 June 2022, the share capital of the Company consisted of
541,290,353 Ordinary Shares with voting rights. The Company does not hold any
shares in Treasury.

 

In accordance with Listing Rule 9.6.2 copies of all the resolutions passed,
other than ordinary business, will be submitted to the National Storage
Mechanism and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

 

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 the 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.

Gresham House Asset Management Limited 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.

LEI number: 213800MSJXKH25C23D82

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