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Share Name Share Symbol Market Type Share ISIN Share Description
Gresham House Renewable Energy Vct 1 Plc LSE:GV1O London Ordinary Share GB00B4M2G812 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 91.00 89.00 93.00 91.00 91.00 91.00 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0

Gresham House Renewable EnergyVCT1 Post 2020 Annual General Meeting Update

22/12/2020 7:00am

UK Regulatory (RNS & others)


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RNS Number : 4438J

Gresham House Renewable EnergyVCT1

22 December 2020

22 December 2020

Gresham House Renewable Energy VCT 1 PLC

Post 2020 Annual General Meeting Update

At the Annual General Meeting ("AGM") of Gresham House Renewable Energy VCT 1 plc (the "Company") held on 25 June 2020 at the offices of Dickson Minto W.S., 16 Charlotte Square, Edinburgh EH2 4DF, Resolutions 8 and 9, which permitted the directors to raise funds through the issue of new shares, were not passed.

The Board was disappointed that Resolutions 8 and 9 were not passed as the money raised would only have been used in exceptional circumstances to protect the VCT status.

The Company engaged with those Shareholders who had voted against the resolutions and on review of the feedback provided by those Shareholders, it appears that the Board's rationale for proposing Resolutions 8 and 9 was misunderstood.

The Board is committed to transparency on all matters, and intends to put Resolutions 8 and 9 forward at the 2021 AGM as it believes this to be in the best interests of all Shareholders. The Board will not raise funds unless this is required in order to protect shareholders' tax position.

- END -

Gresham House Renewable Energy VCT 1 PLC - LEI: 213800IVQHJXUQBAAC06

For further information, please contact:

 
 Gresham House Asset Management         t.hayes@greshamhouse.com 
  Tania Hayes                            Tel: 020 3875 9860 
 
 
 JTC (UK) Limited - Company Secretary   GreshamVCTs@jtcgroup.com 
  Christopher Gibbons                    Tel: 44 203 846 9774 
 

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END

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December 22, 2020 02:00 ET (07:00 GMT)

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