TIDMGRID
RNS Number : 6105C
Gresham House Energy Storage Fund
21 June 2021
21 June 2021
GRESHAM HOUSE ENERGY STORAGE FUND PLC
(GRID, the "Company")
Result of 2021 Annual General Meeting
Gresham House Energy Storage Fund PLC (LSE: GRID) announces that
at the Company's 2021 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 16 (inclusive) were proposed as
special resolutions.
Resolution Votes For* % Votes Against % Total votes Total votes Vote Withheld
validly cast cast as % of **
issued share
capital
Receive annual
accounts for
period ended
31 December
1 2020 184,641,205 100.00 250 0.00 184,641,455 52.97 0
--------------- ------------ ------- -------------- ------ --------------- --------------- ---------------
Approve
directors'
remuneration
2 report 164,846,784 89.29 19,763,202 10.71 184,609,986 52.96 31,469
--------------- ------------ ------- -------------- ------ --------------- --------------- ---------------
Approve the
Company's
dividend
3 policy 184,636,685 100.00 4,770 0.00 184,641,455 52.97 0
--------------- ------------ ------- -------------- ------ --------------- --------------- ---------------
Re-elect John
Leggate as a
4 director 184,632,203 100.00 250 0.00 184,632,453 52.97 9,002
--------------- ------------ ------- -------------- ------ --------------- --------------- ---------------
Re-elect
Duncan Neale
5 as a director 184,632,203 100.00 250 0.00 184,632,453 52.97 9,002
--------------- ------------ ------- -------------- ------ --------------- --------------- ---------------
Re-elect Cathy
Pitt as a
6 director 184,636,685 100.00 250 0.00 184,636,935 52.97 4,520
--------------- ------------ ------- -------------- ------ --------------- --------------- ---------------
Re-elect David
Stevenson as
7 director 184,632,203 100.00 4,770 0.00 184,636,973 52.97 4,482
--------------- ------------ ------- -------------- ------ --------------- --------------- ---------------
8 To re-appoint 184,630,824 100.00 1,250 0.00 184,632,074 52.97 9,381
BDO LLP as the
Company's
auditor
--------------- ------------ ------- -------------- ------ --------------- --------------- ---------------
9 To authorise 183,209,590 99.23 1,425,784 0.77 184,635,374 52.97 6,081
the board of
directors to
determine the
auditors
remuneration
--------------- ------------ ------- -------------- ------ --------------- --------------- ---------------
10 To authorise 184,635,494 100.00 5,093 0.00 184,640,587 52.97 868
the Company to
allot ordinary
shares
--------------- ------------ ------- -------------- ------ --------------- --------------- ---------------
11 To authorise 184,622,494 100.00 5,093 0.00 184,627,587 52.97 13,868
the Company to
allot ordinary
further shares
--------------- ------------ ------- -------------- ------ --------------- --------------- ---------------
12 To authorise 184,594,712 99.99 24,875 0.01 184,619,587 52.97 21,868
the
disapplication
of statutory
pre-emption
rights in
relation the
ordinary
shares
authorised in
resolution 10
--------------- ------------ ------- -------------- ------ --------------- --------------- ---------------
13 To authorise 166,277,355 90.06 18,355,232 9.94 184,632,587 52.97 8,868
the
disapplication
of statutory
pre-emption
rights in
relation the
ordinary
shares
authorised in
resolution 11
--------------- ------------ ------- -------------- ------ --------------- --------------- ---------------
14 To authorise 184,622,263 100.00 3,616 0.00 184,625,879 52.97 15,576
the Company to
make market
purchases of
its own shares
--------------- ------------ ------- -------------- ------ --------------- --------------- ---------------
15 To permit 183,192,826 99.22 1,448,629 0.78 184,641,455 52.97 0
general
meetings to be
called on 14
days' notice
--------------- ------------ ------- -------------- ------ --------------- --------------- ---------------
16 To amend the 184,604,492 100.00 4,093 0.00 184,608,585 52.96 32,870
Company's
Articles of
Association
--------------- ------------ ------- -------------- ------ --------------- --------------- ---------------
* 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 +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
JTC (UK) Limited as Company Secretary +44 (0) 207 409
Christopher Gibbons 0181
Notes:
Every shareholder has one vote for every Ordinary Share held. As
at close of business on 17 June 2021, the share capital of the
Company consisted of 348,556,364 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 .
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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