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Gresham House Energy (GRID)

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Monday 21 June, 2021

Gresham House Energy

Result of 2021 Annual General Meeting

RNS Number : 6105C
Gresham House Energy Storage Fund
21 June 2021
 

21 June 2021

 

GRESHAM HOUSE ENERGY STORAGE FUND PLC

(GRID, the "Company")  

Result of 2021 Annual General Meeting

 

Gresham House Energy Storage Fund PLC (LSE: GRID) announces that at the Company's 2021 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 16 (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 2020

184,641,205

100.00

250

0.00

184,641,455

52.97

0

2

Approve directors' remuneration report

164,846,784

89.29

19,763,202

10.71

184,609,986

52.96

31,469

3

Approve the Company's dividend policy

184,636,685

100.00

4,770

0.00

184,641,455

52.97

0

4

Re-elect John Leggate as a director

184,632,203

100.00

250

0.00

184,632,453

52.97

9,002

5

Re-elect Duncan Neale as a director

184,632,203

100.00

250

0.00

184,632,453

52.97

9,002

6

Re-elect Cathy Pitt as a director

184,636,685

100.00

250

0.00

184,636,935

52.97

4,520

7

Re-elect David Stevenson as director

184,632,203

100.00

4,770

0.00

184,636,973

52.97

4,482

8

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

184,630,824

100.00

1,250

0.00

184,632,074

52.97

9,381

9

To authorise the board of directors to determine the auditors remuneration

183,209,590

99.23

1,425,784

0.77

184,635,374

52.97

6,081

10

To authorise the Company to allot ordinary shares

184,635,494

100.00

5,093

0.00

184,640,587

52.97

868

11

To authorise the Company to allot ordinary further shares

184,622,494

100.00

5,093

0.00

184,627,587

52.97

13,868

12

To authorise the disapplication of statutory pre-emption rights in relation the ordinary shares authorised in resolution 10

184,594,712

99.99

24,875

0.01

184,619,587

52.97

21,868

13

To authorise the disapplication of statutory pre-emption rights in relation the ordinary shares authorised in resolution 11

166,277,355

90.06

18,355,232

9.94

184,632,587

52.97

8,868

14

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

184,622,263

100.00

3,616

0.00

184,625,879

52.97

15,576

15

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

183,192,826

99.22

1,448,629

0.78

184,641,455

52.97

0

16

To amend the Company's Articles of Association

184,604,492

100.00

4,093

0.00

184,608,585

52.96

32,870

 

* 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

Neil Winward

Gaudi le Roux

 

 

+44 (0) 20 7029 8000

KL Communications

Charles Gorman

Camilla Esmund

Alex Hogan

 

 

+44 (0) 20 3995 6673

JTC (UK) Limited as Company Secretary

Christopher Gibbons

+44 (0) 207 409 0181

 

Notes:

 

Every shareholder has one vote for every Ordinary Share held. As at close of business on 17 June 2021, the share capital of the Company consisted of 348,556,364 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 owns a portfolio of utility-scale operational energy storage systems (known as ESS) located in Great Britain. The current portfolio has a total capacity of 425MW. The Company is managed by Gresham House Asset Management Limited under the leadership of Ben Guest. The Company was admitted to trading on the London Stock Exchange (Specialist Fund Segment) on 13 November 2018 (the "IPO") having raised £100 million of gross proceeds from investors. Following IPO, the Company has raised a further total of approximately £258 million of gross proceeds from investors.

The Gresham House New Energy team has a proven track record in developing and operating energy storage and other renewable assets having developed 264MW of Energy Storage Systems and approximately 290MW of predominantly ground-mounted solar projects. Gresham House Asset Management currently manages 232MW of solar and wind energy projects.

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.

LEI number: 213800MSJXKH25C23D82

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