Reduction of Share Premium Account

RNS Number : 9385X

Gore Street Energy Storage Fund PLC

10 January 2022

 

10 January 2022

Gore Street Energy Storage Fund plc

(the 'Company' or 'Gore Street')

Reduction of Share Premium Account

At the Company's general meeting held on 6 September 2021, a special resolution was passed that, subject to the confirmation of the Court, the amount standing to the credit of the share premium account of the Company be reduced by £40 million. The Company is pleased to announce that, following the approval of the Court on 14 December 2021 and the subsequent registration of the Court order with the Registrar of Companies on 15 December 2021, the reduction has now become effective. The certificate of registration of order of court on reduction of share premium account was given at Companies House on 7 January 2022.

The Legal Entity Identifier of the Company is 213800GPUNVGG81G4O21.

For further information:

Gore Street Capital Limited
Alex O'Cinneide / Maria Vaggione	Tel: [phone]
Shore Capital (Joint Corporate Broker)
Anita Ghanekar / Rose Ramsden / Iain Sexton (Corporate Advisory) Fiona Conroy / Henry Willcocks (Corporate Broking)	Tel: [phone]

J. P. Morgan Cazenove (Joint Corporate Broker)
William Simmonds / Jérémie Birnbaum (Corporate Finance)	Tel: [phone]

Buchanan (Media enquiries)

Charles Ryland / Henry Wilson / George Beale	Tel: [phone]
	Email: [e-mail]

JTC (UK) Limited, Company Secretary  Tel: [phone]

Notes to Editors

About Gore Street Energy Storage Fund plc

Gore Street is London's first listed energy storage fund and seeks to provide Shareholders with a significant opportunity to invest in a diversified portfolio of utility scale energy storage projects. In addition to growth through exploiting its considerable pipeline, the Company aims to deliver consistent and robust dividend yield as income distributions to its Shareholders. 

The Company targets an annual dividend of 7.0% o f NAV per Ordinary Share in each financial year, subject to a minimum target of 7.0 pence per Ordinary Share. Dividends are paid quarterly.

 

END

 

 

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