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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gresham House Energy Storage Fund Plc | LSE:GRID | London | Ordinary Share | GB00BFX3K770 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.30 | 0.72% | 41.80 | 41.80 | 42.30 | 42.50 | 41.80 | 42.50 | 1,634,625 | 16:14:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 225.44M | 217.14M | 5.6732 | 0.07 | 16M |
TIDMGRID
RNS Number : 5392R
Gresham House Energy Storage Fund
30 June 2020
30 June 2020
GRESHAM HOUSE ENERGY STORAGE FUND PLC
(GRID, the "Company")
Result of 2020 Annual General Meeting
Gresham House Energy Storage Fund PLC (LSE: GRID) announces that at the Company's 2020 Annual General Meeting held today, all resolutions were passed on a show of hands and the results of the proxy votes received are set out below.
Resolutions 1 to 13 (inclusive) were proposed as ordinary resolutions and resolutions 14 to 17 (inclusive) were proposed as special resolutions.
Resolution Votes For* % Votes Against % Total votes Total votes Vote Withheld validly cast cast as % of ** issued share capital Receive annual accounts for period ended 31 December 1 2019 162,351,111 100.00 0 0.00 162,351,111 69.30 0 --------------- ------------ ------- -------------- ----- --------------- --------------- ---------------- Approve directors' remuneration 2 report 162,316,392 100.00 5,000 0.00 162,321,392 69.29 29,719 --------------- ------------ ------- -------------- ----- --------------- --------------- ---------------- 3 Approve the 162,311,910 100.00 5,000 0.00 162,316,910 69.29 34,201 directors' remuneration policy --------------- ------------ ------- -------------- ----- --------------- --------------- ---------------- Approve the Company's dividend 4 policy 162,350,170 100.00 941 0.00 162,351,111 69.30 0 --------------- ------------ ------- -------------- ----- --------------- --------------- ---------------- Re-elect John Leggate as a 5 director 162,336,279 100.00 0 0.00 162,336,279 69.29 14,832 --------------- ------------ ------- -------------- ----- --------------- --------------- ---------------- Re-elect Duncan Neale 6 as a director 162,336,279 100.00 0 0.00 162,336,279 69.29 14,832 --------------- ------------ ------- -------------- ----- --------------- --------------- ---------------- Re-elect Cathy Pitt as a 7 director 162,340,761 100.00 0 0.00 162,340,761 69.30 10,350 --------------- ------------ ------- -------------- ----- --------------- --------------- ---------------- Re-elect David Stevenson as 8 director 162,336,279 100.00 0 0.00 162,336,279 69.29 14,832 --------------- ------------ ------- -------------- ----- --------------- --------------- ---------------- 9 To re-appoint 162,344,773 100.00 0 0.00 162,344,773 69.30 6,338 BDO LLP as the Company's 0auditor --------------- ------------ ------- -------------- ----- --------------- --------------- ---------------- 10 To authorise 162,351,111 100.00 0 0.00 162,351,111 69.30 0 the board of directors to determine the auditors remuneration --------------- ------------ ------- -------------- ----- --------------- --------------- ---------------- 11 Amendment to 162,327,899 100.00 0 0.00 162,327,899 69.29 23,212 the Company's investment policy --------------- ------------ ------- -------------- ----- --------------- --------------- ---------------- 12 To authorise 162,327,899 100.00 0 0.00 162,327,899 69.29 23,212 the Company to allot ordinary shares --------------- ------------ ------- -------------- ----- --------------- --------------- ---------------- 13 To authorise 162,302,889 100.00 0 0.00 162,302,889 69.28 33,562 the Company to allot ordinary further shares --------------- ------------ ------- -------------- ----- --------------- --------------- ---------------- 14 To authorise 162,277,466 99.98 25,423 0.02 162,302,889 69.28 33,562 the disapplication of statutory pre-emption rights in relation the ordinary shares authorised in resolution 12 --------------- ------------ ------- -------------- ----- --------------- --------------- ---------------- 15 To authorise 157,850,999 97.26 4,451,890 2.74 162,302,889 69.28 33,562 the disapplication of statutory pre-emption rights in relation the ordinary shares authorised in resolution 13 --------------- ------------ ------- -------------- ----- --------------- --------------- ---------------- 16 To authorise 147,389,777 90.79 14,946,674 9.21 162,336,451 69.29 0 the Company to make market purchases of its own shares --------------- ------------ ------- -------------- ----- --------------- --------------- ---------------- 17 To permit 161,284,875 99.35 1,051,576 0.65 162,336,451 69.29 0 general meetings to be called on 14 days' notice --------------- ------------ ------- -------------- ----- --------------- --------------- ----------------
* 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 +44 (0) 20 3837 Ben Guest 6270 Jefferies International Limited Stuart Klein Neil Winward +44 (0) 20 7029 Gaudi le Roux 8000 KL Communications Charles Gorman Camilla Esmund +44 (0) 20 3995 Alex Hogan 6673 JTC (UK) Limited as Company Secretary +44 (0) 207 409 Christopher Gibbons 0181
Notes:
Every shareholder has one vote for every Ordinary Share held. As at close of business on 26 June 2020, the share capital of the Company consisted of 234,270,650 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 portfolio has a total capacity of 174MW. 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 having raised GBP100 million of gross proceeds from investors. Including issuance under the Placing Programme, it has now raised a total of approximately GBP237 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 124MW of Energy Storage Systems and approximately 290MW of predominantly ground-mounted solar projects. Gresham House Asset Management currently manages approximately 195MW of solar and wind energy projects.
Gresham House Asset Management is the Financial Conduct Authority 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 for it.
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.
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June 30, 2020 07:00 ET (11:00 GMT)
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