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RNS Number : 0745B Gresham House Energy Storage Fund 30 May 2023
30 May 2023
GRESHAM HOUSE ENERGY STORAGE FUND PLC
(GRID, the "Company")
Result of 2023 Annual General Meeting
Gresham House Energy Storage Fund PLC (LSE: GRID) announces that at the
Company's 2023 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 11 (inclusive) were proposed as ordinary resolutions and
resolutions 12 to 17 (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 2022 313,600,794 99.99 42,541 0.01 313,643,335 57.94 16,298
2 Approve directors' remuneration report 313,535,990 99.98 72,491 0.02 313,608,481 57.94 51,152
3 Approve the Company's dividend policy 313,600,794 99.99 42,541 0.01 313,643,335 57.94 16,298
4 Re-elect John Leggate as a director 313,570,326 99.98 58,358 0.02 313,628,684 57.94 30,949
5 Re-elect Duncan Neale as a director 313,570,326 99.98 58,358 0.02 313,628,684 57.94 30,949
6 Re-elect Cathy Pitt as a director 313,561,165 99.98 72,820 0.02 313,633,985 57.94 25,648
7 Re-elect David Stevenson as director 313,555,326 99.98 58,358 0.02 313,613,684 57.94 45,949
8 Re-elect Isabel Liu as director 313,546,541 99.97 87,444 0.03 313,633,985 57.94 25,648
9 To re-appoint BDO LLP as the Company's auditor 313,545,097 99.97 97,937 0.03 313,643,034 57.94 16,599
10 To authorise the board of directors to determine the auditors remuneration 313,600,493 99.99 42,541 0.01 313,643,034 57.94 16,599
11 To continue as an investment trust for a further 5 years 313,600,794 99.99 42,541 0.01 313,643,335 57.94 16,298
12 To authorise the Company to allot ordinary shares 313,466,751 99.96 111,893 0.04 313,578,644 57.93 80,989
13 To authorise the Company to allot ordinary shares 313,466,751 99.96 111,893 0.04 313,578,644 57.93 80,989
14 To authorise the disapplication of statutory pre-emption in relation the 313,434,928 99.95 143,716 0.05 313,578,644 57.93 80,989
ordinary shares authorised in resolution 12.
15 To authorise the disapplication of statutory pre-emption in relation the 304,388,834 97.07 9,189,810 2.93 313,578,644 57.93 80,989
ordinary shares authorised in resolution 13.
16 To authorise the Company to make market purchases of its own shares 313,534,734 99.97 91,075 0.03 313,625,809 57.94 33,824
17 To permit general meetings to be called on 14 days' notice 312,091,675 99.51 1,531,963 0.49 313,623,638 57.94 35,995
* 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
Charlotte Francis
JTC (UK) Limited as Company Secretary +44 (0) 207 409 0181
David Rice
Notes:
Every shareholder has one vote for every Ordinary Share held. As at close of
business on 25 May 2023, 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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