Update on Requisition from Saba
Summary by AI BETAClose X
4 August 2026
Gore Street Energy Storage Fund plc
(the 'Company' or 'GSF')
Update on Requisition from Saba
The Board announced on 30 July 2026 it had received a requisition notice submitted on behalf of Saba Capital Management, L.P. ("Saba") and as outlined at that time, the requisition was being evaluated.
The Company's legal advice is that it is not obliged to put the proposed resolutions, as drafted, forward. Nevertheless, in the interest of complete transparency, the Board has determined to accommodate their inclusion in the upcoming Annual General Meeting on 16 September 2026.
The two requisitioned resolutions contained in the notice from Saba are set out below:
Ordinary Resolution
1. THAT the Company shall not continue in existence as an investment company.
Special Resolution
2. THAT, if Resolution 1 is passed, then within 3 months the directors of the Company shall put forward proposals to the members of the Company to the effect that the Company be wound up, liquidated, reorganised or unitised.
The Board continues to strongly believe that the strategy detailed on 17 March 2026 with its clear Key Performance Indicators ("KPIs") remains in the best interests of delivering maximum value to Shareholders. It is further noted that the Board has already committed to providing a continuation vote should any of the KPIs not be met.
A comprehensive explanation of the Board's unanimous position recommending that Shareholders vote against the requisitioned resolutions at this time will be communicated to all Shareholders in due course.
For further information:
Company Secretary
Benjamin Hanley Tel: +44 (0) 20 4583 6354
Amy King Tel: +44 (0) 20 4526 1283
Shore Capital (Joint Corporate Broker)
Anita Ghanekar / Sophie Collins (Corporate Advisory) Tel: +44 (0) 20 7408 4090
Fiona Conroy (Corporate Broking)
J.P. Morgan Cazenove (Joint Corporate Broker)
William Simmonds / Rupert Budge (Corporate Finance) Tel: +44 (0) 20 3493 8000
Burson Buchanan (Media Enquiries)
Henry Wilson / Henry Harrison-Topham / Nick Croysdill Tel: +44 (0) 20 7466 5000
Email: gorestreet@buchanan.uk.com
About Gore Street Energy Storage Fund
Gore Street Energy Storage Fund plc is London's first listed energy storage fund, launched in 2018. The Company is the only UK-listed energy storage fund with an internationally diversified portfolio across five grid networks.
https://www.gsenergystoragefund.com
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