REG - Gresham House Energy - Result of General Meeting

Gresham House Energy Storage FundAnnouncement

29/06/2023 14:15

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RNS Number : 4146E  Gresham House Energy Storage Fund  29 June 2023

29 June 2023

 

GRESHAM HOUSE ENERGY STORAGE FUND PLC

(GRID, the "Company")

Result of General Meeting

 

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

The Resolution was proposed as an ordinary resolution.

 

     Resolution                                 Votes For*   %      Votes Against  %     Total votes validly cast  Total votes cast as % of issued share capital  Vote Withheld **
 1   Approve the Company's remuneration policy  323,542,622  99.46                 0.54                            56.76

                                                                    1,765,319            325,307,941                                                              70,837

 

* 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

 Christopher Gibbons

 

Notes:

 

Every shareholder has one vote for every Ordinary Share held. As at close of
business on 27 June 2023, the share capital of the Company consisted of
573,444,694 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). 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 (i) an unlevered Net Asset Value total return of 8
per cent. per annum; and (ii) a levered Net Asset Value total return of 15 per
cent. per annum.

Gresham House Asset Management Limited (the "Manager") 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

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. BESS also provide Frequency Response
services whereby batteries import and export power with the aim to keep
real-time supply and demand in near-perfect balance while also protecting
against unexpected outages of major power plants.

LEI number: 213800MSJXKH25C23D82

 

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