Result of AGM

Gresham House Energy Storage Fund
30 May 2023
 

30 May 2023

 

GRESHAM HOUSE ENERGY STORAGE FUND PLC

(GRID, the "Company")

Result of 2023 Annual General Meeting

 

Gresham House Energy Storage Fund PLC (LSE: GRID) announces that at the Company's 2023 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 17 (inclusive) were proposed as special resolutions.

 

 

Resolution

Votes For*

%

Votes Against

%

Total votes validly cast

Total votes cast as % of issued share capital

Vote Withheld **

1

Receive annual accounts for period ended 31 December 2022

313,600,794

99.99

42,541

0.01

313,643,335

57.94

16,298

2

Approve directors' remuneration report

313,535,990

99.98

72,491

0.02

313,608,481

57.94

51,152

3

Approve the Company's dividend policy

313,600,794

99.99

42,541

0.01

313,643,335

57.94

16,298

4

Re-elect John Leggate as a director

313,570,326

99.98

58,358

0.02

313,628,684

57.94

30,949

5

Re-elect Duncan Neale as a director

313,570,326

99.98

58,358

0.02

313,628,684

57.94

30,949

6

Re-elect Cathy Pitt as a director

313,561,165

99.98

72,820

0.02

313,633,985

57.94

25,648

7

Re-elect David Stevenson as director

313,555,326

99.98

58,358

0.02

313,613,684

57.94

45,949

8

Re-elect Isabel Liu as director

313,546,541

99.97

87,444

0.03

313,633,985

57.94

25,648

9

To re-appoint BDO LLP as the Company's auditor

313,545,097

99.97

97,937

0.03

313,643,034

57.94

16,599

10

To authorise the board of directors to determine the auditors remuneration

313,600,493

99.99

42,541

0.01

313,643,034

57.94

16,599

11

To continue as an investment trust for a further 5 years

313,600,794

99.99

42,541

0.01

313,643,335

57.94

16,298

12

To authorise the Company to allot ordinary shares

313,466,751

99.96

111,893

0.04

313,578,644

57.93

80,989

13

To authorise the Company to allot ordinary shares

313,466,751

99.96

111,893

0.04

313,578,644

57.93

80,989

14

To authorise the disapplication of statutory pre-emption in relation the ordinary shares authorised in resolution 12.

313,434,928

99.95

143,716

0.05

313,578,644

57.93

80,989

15

To authorise the disapplication of statutory pre-emption in relation the ordinary shares authorised in resolution 13.

304,388,834

97.07

9,189,810

2.93

313,578,644

57.93

80,989

16

To authorise the Company to make market purchases of its own shares

313,534,734

99.97

91,075

0.03

313,625,809

57.94

33,824

17

To permit general meetings to be called on 14 days' notice

312,091,675

99.51

1,531,963

0.49

313,623,638

57.94

35,995

 

* 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

Ben Guest

 

+44 (0) 20 3837 6270



Jefferies International Limited

Stuart Klein

Gaudi le Roux

Harry Randall

 

 

+44 (0) 20 7029 8000

KL Communications

Charles Gorman

Charlotte Francis

 

 

+44 (0) 20 3995 6673

JTC (UK) Limited as Company Secretary

David Rice

+44 (0) 207 409 0181

 

Notes:

 

Every shareholder has one vote for every Ordinary Share held. As at close of business on 25 May 2023, 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings