TIDMGRID
RNS Number : 0864A
Gresham House Energy Storage Fund
28 May 2021
28 May 2021
Gresham House Energy Storage Fund PLC
(the "Company" or "GRID")
Notice of 2021 Annual General Meeting ("AGM")
Gresham House Energy Storage Fund PLC (LSE: GRID) is pleased to
announce to announce that the Notice of its 2021 AGM is now
available to view on the Company's website at
https://greshamhouse.com/real-assets/new-energy/gresham-house-energy-storage-fund-plc/.
The AGM will be held at 12.00 p.m. on Monday, 21 June 2021, at
18th Floor, The Scalpel, 52 Lime Street, London, EC3M 7AF.
The formal Notice of AGM will be posted to those shareholders
who have elected postal correspondence and will shortly be
available for inspection from the National Storage Mechanism at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
Proposed AGM Arrangements
Given the unprecedented circumstances surrounding the COVID-19
epidemic, it is likely that the board of directors of the Company
(the " Board " or " Directors ") will need to put in place
contingency arrangements that mean the AGM will not follow its
usual format. In doing so, it is likely that the Directors will
need to implement entry restrictions in line with the expected
Government guidance.
Shareholders are requested not to attend the AGM in person as
they are unlikely to be permitted access to the meeting. Instead,
they are invited to participate in the AGM live online.
Please use the following link to register for the AGM:
https://greshamhouse.zoom.us/webinar/register/WN_rOCe7LZOShWQN2c_aF7qBg
At 12:30pm, in a separate webinar, following completion of the
statutory formal business at the AGM (consisting of voting on the
resolutions proposed in the Notice of AGM), we invite you to join
Chair, John Leggate, and Fund Manager, Ben Guest, as they discuss
the evolving dynamics of the broader battery storage market, hosted
by Non-Executive Director, David Stevenson, and followed by an
interactive Q&A session.
Please use the following link to register for the webinar:
https://greshamhouse.zoom.us/webinar/register/WN_Evpq15RCSRa0dBum8_H9Fw
Shareholders may submit questions for either the AGM or Q&A
session in advance of the meeting by email to
admin@greshamhouse.com and by no later than 12.00pm on Wednesday,
16 June 2021. Please indicate whether your question is for the AGM
or Fund Manager Q&A.
The AGM and Webinar is expected to proceed as set out below:
12:00pm on Monday, 21 June 2021 - AGM
12.30pm on Monday, 21 June 2021 - Fund Manager discussion and
Q&A
Please note;
-- the AGM will be held with the minimum number of attendees
required to form a quorum present in person;
-- following the formal business of the AGM there will be an
interactive Fund Manager discussion and Q&A, which all
Shareholders are invited to attend;
-- Shareholders may not be permitted to attend the meeting in
person and there will not be an opportunity to ask questions during
the AGM. However, Shareholders are encouraged to participate in the
AGM live and to ask questions of the Board or of the Manager
relating to the AGM in advance of the meeting (see above).
-- votes on the resolutions to be proposed at the AGM will be conducted on a poll; and
-- the results of the proxy votes will be published immediately
following the conclusion of the AGM by way of a stock exchange
announcement and on the Company's website.
Although this is an unusual approach, the Board considers that
given the social distancing measures currently in force and in
light of the latest published government guidance, proceeding with
the AGM as set out above is in the best interests not only of the
Company, but also of each of its individual Shareholders.
The Board will continue to monitor the Government's advice and
urges all Shareholders to comply with any restrictions in place at
the time of the AGM. If circumstances change and if social
distancing measures are further relaxed before the AGM, the Company
may consider amending the proposed format of the AGM. In such
circumstances, the Company will notify Shareholders of such changes
as soon as possible via RIS and its website (
greshamhouse.com/real-assets/new-energy/gresham-house-energy-storage-fund-plc/
).
- ENDS -
For further information, please contact:
Gresham House New Energy +44 (0) 20 3837
Ben Guest 6270
Jefferies International Limited
Stuart Klein
Neil Winward +44 (0) 20 7029
Gaudi le Roux 8000
KL Communications
Charles Gorman
Camilla Esmund +44 (0) 20 3995
Alex Hogan 6673
About the Company and the Manager:
Gresham House Energy Storage Fund PLC owns a portfolio of
utility-scale operational energy storage systems (known as ESS)
located in Great Britain. The current portfolio has a total
capacity of 425MW. The Company is managed by Gresham House Asset
Management Limited under the leadership of Ben Guest. The Company
was admitted to trading on the London Stock Exchange (Specialist
Fund Segment) on 13 November 2018 (the "IPO") having raised GBP100
million of gross proceeds from investors. Following IPO, the
Company has raised a further total of approximately GBP258 million
of gross proceeds from investors.
The Gresham House New Energy team has a proven track record in
developing and operating energy storage and other renewable assets
having developed 264MW of Energy Storage Systems and approximately
290MW of predominantly ground-mounted solar projects. Gresham House
Asset Management currently manages 232MW of solar and wind energy
projects.
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
Definition of Utility-scale battery Storage Systems
Utility-scale battery storage systems 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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