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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
  0.25 0.21% 120.75 120.50 121.00 120.75 120.50 120.50 112,674 09:00:52
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 13.3 10.0 4.2 29.1 529

Gresham House Energy Storage Fund Result of 2021 Annual General Meeting

21/06/2021 5:23pm

UK Regulatory (RNS & others)


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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      Total votes      Vote Withheld 
                                                                      validly cast     cast as % of     ** 
                                                                                       issued share 
                                                                                       capital 
      Receive annual 
      accounts for 
      period ended 
      31 December 
 1    2020             184,641,205   100.00        250        0.00     184,641,455         52.97              0 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
      Approve 
      directors' 
      remuneration 
 2    report           164,846,784   89.29     19,763,202     10.71    184,609,986         52.96            31,469 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
      Approve the 
      Company's 
      dividend 
 3    policy           184,636,685   100.00       4,770       0.00     184,641,455         52.97              0 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
      Re-elect John 
      Leggate as a 
 4    director         184,632,203   100.00        250        0.00     184,632,453         52.97            9,002 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
      Re-elect 
      Duncan Neale 
 5    as a director    184,632,203   100.00        250        0.00     184,632,453         52.97            9,002 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
      Re-elect Cathy 
      Pitt as a 
 6    director         184,636,685   100.00        250        0.00     184,636,935         52.97            4,520 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
      Re-elect David 
      Stevenson as 
 7    director         184,632,203   100.00       4,770       0.00     184,636,973         52.97            4,482 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
 8    To re-appoint    184,630,824   100.00       1,250       0.00     184,632,074         52.97            9,381 
      BDO LLP as the 
      Company's 
      auditor 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
 9    To authorise     183,209,590   99.23      1,425,784     0.77     184,635,374         52.97            6,081 
      the board of 
      directors to 
      determine the 
      auditors 
      remuneration 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
 10   To authorise     184,635,494   100.00       5,093       0.00     184,640,587         52.97             868 
      the Company to 
      allot ordinary 
      shares 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
 11   To authorise     184,622,494   100.00       5,093       0.00     184,627,587         52.97            13,868 
      the Company to 
      allot ordinary 
      further shares 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
 12   To authorise     184,594,712   99.99       24,875       0.01     184,619,587         52.97            21,868 
      the 
      disapplication 
      of statutory 
      pre-emption 
      rights in 
      relation the 
      ordinary 
      shares 
      authorised in 
      resolution 10 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
 13   To authorise     166,277,355   90.06     18,355,232     9.94     184,632,587         52.97            8,868 
      the 
      disapplication 
      of statutory 
      pre-emption 
      rights in 
      relation the 
      ordinary 
      shares 
      authorised in 
      resolution 11 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
 14   To authorise     184,622,263   100.00       3,616       0.00     184,625,879         52.97            15,576 
      the Company to 
      make market 
      purchases of 
      its own shares 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
 15   To permit        183,192,826   99.22      1,448,629     0.78     184,641,455         52.97              0 
      general 
      meetings to be 
      called on 14 
      days' notice 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
 16   To amend the     184,604,492   100.00       4,093       0.00     184,608,585         52.96            32,870 
      Company's 
      Articles of 
      Association 
     ---------------  ------------  -------  --------------  ------  ---------------  ---------------  --------------- 
 

* 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 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 GBP100 million of gross proceeds from investors. Following IPO, the Company has raised a further total of approximately GBP258 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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