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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
  0.50 0.29% 173.00 172.00 174.00 174.50 170.00 170.00 390,280 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 22.8 17.8 4.6 37.9 936

Gresham House Energy Storage Fund Result of 2022 Annual General Meeting

30/06/2022 4:37pm

UK Regulatory (RNS & others)


Gresham House Energy Sto... (LSE:GRID)
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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      Total votes      Vote Withheld 
                                                                      validly cast     cast as % of     ** 
                                                                                       issued share 
                                                                                       capital 
      Receive annual 
      accounts for 
      period ended 
      31 December 
 1    2021             332,064,468   100.00       2,325       0.00     332,066,793         61.35            80,600 
     ---------------  ------------  -------  --------------  ------  ---------------  --------------- 
      Approve 
      directors' 
      remuneration 
 2    report           321,900,359   96.93     10,212,213     3.07     332,112,572         61.36            34,281 
     ---------------  ------------  -------  --------------  ------  ---------------  --------------- 
      Approve the 
      Company's 
      dividend 
 3    policy           332,142,333   100.00       4,520       0.00     332,146,853         61.36              0 
     ---------------  ------------  -------  --------------  ------  ---------------  --------------- 
      Re-elect John 
      Leggate as a 
 4    director         332,118,127   100.00      11,185       0.00     332,129,312         61.36            17,541 
     ---------------  ------------  -------  --------------  ------  ---------------  --------------- 
      Re-elect 
      Duncan Neale 
 5    as a director    332,118,127   100.00      11,185       0.00     332,129,312         61.36            17,541 
     ---------------  ------------  -------  --------------  ------  ---------------  --------------- 
      Re-elect Cathy 
      Pitt as a 
 6    director         254,913,888   90.90     25,515,945     9.10     280,429,833         51.81          51,717,020 
     ---------------  ------------  -------  --------------  ------  ---------------  --------------- 
      Re-elect David 
      Stevenson as 
 7    director         298,534,288   89.88     33,595,024     10.12    332,129,312         61.36            17,541 
     ---------------  ------------  -------  --------------  ------  ---------------  --------------- 
 8    To re-appoint    298,562,032   89.89     33,584,821     10.11    332,146,853         61.36              0 
      BDO LLP as the 
      Company's 
      auditor 
     ---------------  ------------  -------  --------------  ------  ---------------  --------------- 
 9    To authorise     298,541,018   89.89     33,590,821     10.11    332,131,839         61.36            15,014 
      the board of 
      directors to 
      determine the 
      auditors 
      remuneration 
     ---------------  ------------  -------  --------------  ------  ---------------  --------------- 
 10   To authorise     332,125,051   99.99       21,802       0.01     332,146,853         61.36              0 
      the Company to 
      allot ordinary 
      shares 
     ---------------  ------------  -------  --------------  ------  ---------------  --------------- 
 11   To authorise     314,130,590   94.58     17,989,242     5.42     332,119,832         61.36            27,021 
      the 
      disapplication 
      of statutory 
      pre-emption in 
      relation the 
      ordinary 
      shares 
      authorised 
      in resolution 
      10. 
     ---------------  ------------  -------  --------------  ------  ---------------  --------------- 
 12   To authorise     332,115,004   99.99       29,573       0.01     332,144,577         61.36            2,276 
      the Company to 
      make market 
      purchases of 
      its own shares 
     ---------------  ------------  -------  --------------  ------  ---------------  --------------- 
 13   To permit        330,387,034   99.47      1,759,819     0.53     332,146,853         61.36              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 
  Gaudi le Roux                             +44 (0) 20 7029 
  Harry Randall                             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 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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END

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June 30, 2022 11:37 ET (15:37 GMT)

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