REG - Gresham House Energy - Result of AGM

Gresham House Energy Storage FundAnnouncement

30/05/2023 17:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230530:nRSd0745Ba&default-theme=true

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

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  RAGSDAFMSEDSEDI