TIDMGRID

RNS Number : 5131L

Gresham House Energy Storage Fund

13 May 2022

13 May 2022

Gresham House Energy Storage Fund PLC

(the "Company")

Results of the General Meeting

Gresham House Energy Storage Fund PLC (LSE: GRID) announces that at the Company's 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 and 2 (inclusive) were proposed as ordinary resolutions and resolution 3 was proposed as a special resolution.

 
 Resolution    Description     Votes For*    % Votes   Votes      % Votes   Total Votes     Total votes      Votes 
                                              Cast      Against    Cast     Cast (excl.      cast as %        Withheld 
                                                                            Votes            of issued        ** 
                                                                            Withheld)        share capital 
 RES:001       ALLOT SHARES    264,256,619   99.99     22,009     0.01      264,278,628     60.36%           116,000 
              --------------  ------------  --------  ---------  --------  --------------  ---------------  ---------- 
               INVESTMENT 
 RES:002        POLICY         264,068,907   99.92     207,710    0.08      264,276,617     60.36%           118,011 
              --------------  ------------  --------  ---------  --------  --------------  ---------------  ---------- 
               PRE-EMPTION 
 RES:003        RIGHTS         263,981,429   99.89     285,356    0.11      264,266,785     60.36%           127,843 
              --------------  ------------  --------  ---------  --------  --------------  ---------------  ---------- 
 

* 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.

Every shareholder has one vote for every Ordinary Share held. As at close of business on 11 May 2022, the share capital of the Company consisted of 437,842,078 Ordinary Shares with voting rights. The Company does not hold any shares in Treasury.

A summary of these resolutions can be found below:

Ordinary Resolutions

1. To grant the Company authority to allot Ordinary Shares and C Shares up to an aggregate nominal value of GBP4,000,000.

   2.     To amend the investment policy of the Company as described in the Circular. 

Special Resolution

3. To disapply pre-emption rights in respect of Ordinary Shares and C Shares up to an aggregate nominal value of GBP4,000,000.

Terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the Company's circular dated 22 April 2022, which can be found on the Company's website at: https:// greshamhouse.com/real-assets/new-energy-sustainable-infrastructure/gresham-house-energy-storage-fund-plc/

ENDS

Further information

 
 Gresham House New Energy 
  Ben Guest                           +44 (0) 20 3837 6270 
 Jefferies International Limited 
  Stuart Klein 
  Gaudi Le Roux 
  Harry Randall                     +44 (0)20 7029 8000 
 KL Communications                  gh@kl-communications.com 
  Charles Gorman                     +44 (0) 20 3995 6699 
  Camilla Esmund 
  Alex Hogan 
 JTC (UK) Limited as Company        GHEnergyStorageCoSec@jtcgroup.com 
  Secretary                          +44 207 409 0181 
  Christopher Gibbons 
 

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, Northern Ireland, and the Republic of Ireland. 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 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 for it.

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END

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May 13, 2022 12:09 ET (16:09 GMT)

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