Gresham House Energy Storage Fund Capital Reduction

RNS Number : 1715J

Gresham House Energy Storage Fund

22 October 2024

 

 

22 October 2024

 

 

Gresham House Energy Storage Fund PLC

(the "Company" or "GRID")  

Capital Reduction

The Company announces that on 22 October 2024 The High Court of Justice of England and Wales confirmed the cancellation of the Company's share premium reserve and B ordinary shares arising out of the capitalisation of the Company's merger relief reserve (the "Reduction in Capital"). The Reduction in Capital will become effective on registration of the Court Order at Companies House. The Company will provide a further update to the market when the Court Order has been registered.

 

The purpose of the Reduction of Capital is to provide the Company with a significant pool of reserves which can be used in the future, if required, to fund dividend distributions, returns of capital or to provide flexibility for any other general corporate purposes, in accordance with applicable law. Shareholders do not need to take any further action in relation to the Reduction in Capital.

 

 

For Further Information

 

Gresham House New Energy Ben Guest James Bustin	[phone]
Jefferies International Limited Stuart Klein Gaudi Le Roux Harry Randall	[phone]
KL Communications Charles Gorman Charlotte Francis Effie Aye Maung Hider	[e-mail] [phone]
JTC (UK) Limited as Company Secretary Christopher Gibbons	[e-mail]  [phone]

   

 LEI: 213800MSJXKH25C23D82 

 

 

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