TIDMGRID
RNS Number : 8972Q
Gresham House Energy Storage Fund
30 June 2022
30 June 2022
GRESHAM HOUSE ENERGY STORAGE FUND PLC
(GRID, the "Company")
Result of 2022 Annual General Meeting
Gresham House Energy Storage Fund PLC (LSE: GRID) announces that
at the Company's 2022 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 10 (inclusive) were proposed as ordinary
resolutions and resolutions 11 to 13 (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 2021 332,064,468 100.00 2,325 0.00 332,066,793 61.35 80,600
--------------- ------------ ------- -------------- ------ --------------- ---------------
Approve
directors'
remuneration
2 report 321,900,359 96.93 10,212,213 3.07 332,112,572 61.36 34,281
--------------- ------------ ------- -------------- ------ --------------- ---------------
Approve the
Company's
dividend
3 policy 332,142,333 100.00 4,520 0.00 332,146,853 61.36 0
--------------- ------------ ------- -------------- ------ --------------- ---------------
Re-elect John
Leggate as a
4 director 332,118,127 100.00 11,185 0.00 332,129,312 61.36 17,541
--------------- ------------ ------- -------------- ------ --------------- ---------------
Re-elect
Duncan Neale
5 as a director 332,118,127 100.00 11,185 0.00 332,129,312 61.36 17,541
--------------- ------------ ------- -------------- ------ --------------- ---------------
Re-elect Cathy
Pitt as a
6 director 254,913,888 90.90 25,515,945 9.10 280,429,833 51.81 51,717,020
--------------- ------------ ------- -------------- ------ --------------- ---------------
Re-elect David
Stevenson as
7 director 298,534,288 89.88 33,595,024 10.12 332,129,312 61.36 17,541
--------------- ------------ ------- -------------- ------ --------------- ---------------
8 To re-appoint 298,562,032 89.89 33,584,821 10.11 332,146,853 61.36 0
BDO LLP as the
Company's
auditor
--------------- ------------ ------- -------------- ------ --------------- ---------------
9 To authorise 298,541,018 89.89 33,590,821 10.11 332,131,839 61.36 15,014
the board of
directors to
determine the
auditors
remuneration
--------------- ------------ ------- -------------- ------ --------------- ---------------
10 To authorise 332,125,051 99.99 21,802 0.01 332,146,853 61.36 0
the Company to
allot ordinary
shares
--------------- ------------ ------- -------------- ------ --------------- ---------------
11 To authorise 314,130,590 94.58 17,989,242 5.42 332,119,832 61.36 27,021
the
disapplication
of statutory
pre-emption in
relation the
ordinary
shares
authorised
in resolution
10.
--------------- ------------ ------- -------------- ------ --------------- ---------------
12 To authorise 332,115,004 99.99 29,573 0.01 332,144,577 61.36 2,276
the Company to
make market
purchases of
its own shares
--------------- ------------ ------- -------------- ------ --------------- ---------------
13 To permit 330,387,034 99.47 1,759,819 0.53 332,146,853 61.36 0
general
meetings to be
called on 14
days' notice
--------------- ------------ ------- -------------- ------ --------------- ---------------
* 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
Gaudi le Roux +44 (0) 20 7029
Harry Randall 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 28 June 2022, 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 .
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
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
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END
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