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Gresham House Energy (GRID)

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Thursday 30 June, 2022

Gresham House Energy

Result of 2022 Annual General Meeting

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 validly cast

Total votes cast as % of issued share capital

Vote Withheld **

1

Receive annual accounts for period ended 31 December 2021

332,064,468

100.00

2,325

0.00

332,066,793

61.35

80,600

2

Approve directors' remuneration report

321,900,359

96.93

10,212,213

3.07

332,112,572

61.36

34,281

3

Approve the Company's dividend policy

332,142,333

100.00

4,520

0.00

332,146,853

61.36

0

4

Re-elect John Leggate as a director

332,118,127

100.00

11,185

0.00

332,129,312

61.36

17,541

5

Re-elect Duncan Neale as a director

332,118,127

100.00

11,185

0.00

332,129,312

61.36

17,541

6

Re-elect Cathy Pitt as a director

254,913,888

90.90

25,515,945

9.10

280,429,833

51.81

51,717,020

7

Re-elect David Stevenson as director

298,534,288

89.88

33,595,024

10.12

332,129,312

61.36

17,541

8

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

298,562,032

89.89

33,584,821

10.11

332,146,853

61.36

0

9

To authorise the board of directors to determine the auditors remuneration

298,541,018

89.89

33,590,821

10.11

332,131,839

61.36

15,014

10

To authorise the Company to allot ordinary shares

332,125,051

99.99

21,802

0.01

332,146,853

61.36

0

11

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

314,130,590

94.58

17,989,242

5.42

332,119,832

61.36

27,021

12

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

332,115,004

99.99

29,573

0.01

332,144,577

61.36

2,276

13

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

330,387,034

99.47

1,759,819

0.53

332,146,853

61.36

0

 

* 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

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 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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