GRESHAM HOUSE ENERGY STORAGE FUND PLC — AGM Information 2020

Nov 19, 2020

National Storage Mechanism | Additional information

RNS Number : 8702F

Gresham House Energy Storage Fund

19 November 2020

19 November 2020

Gresham House Energy Storage Fund PLC

(the "Company")

Results of the General Meeting

The Company is pleased to announce that, at the general meeting held at 10:10 a.m. on 19 November 2020, each of the Resolutions were duly passed without amendment.

Details of the poll votes cast during the meeting were as follows:

		For + Discretion		Against		Votes Withheld
Resolution	Description	Votes	% Votes Cast	Votes	% Votes Cast	Votes	Total Votes Cast (excl. Votes Withheld)	Percentage of Total Shares
RES:001	ALLOT SHARES	129,714,624	97.18	3,759,948	2.82	4,500	133,474,572	55.37%
RES:002	INVESTMENT POLICY	129,997,407	97.39	3,481,665	2.61	0	133,479,072	55.49%
RES:003	PRE-EMPTION RIGHTS	129,665,806	97.14	3,813,266	2.86	0	133,479,072	55.35%

A vote withheld is not a vote in law and is therefore not counted towards the proportion of votes "for" or "against" the Resolution.

A summary of these resolutions can be found below:

Ordinary Resolutions

1.     To grant the Company authority to allot Ordinary Shares and C Shares up to an aggregate nominal value of £2,500,000.

2.     To amend the investment policy of the Company as described in the Circular. 

Special Resolution

3.   To disapply pre-emption rights in respect of Ordinary Shares and C Shares up to an aggregate nominal value of £2,500,000.

Terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the Company's circular dated 27 October 2020, which can be found on the Company's website at: http://greshamhouse.com/real-assets/new-energy-sustainable-infrastructure/gresham-house-energy-storage-fund-plc/

ENDS

Further information

Gresham House New Energy Ben Guest	+44 (0) 20 3837 6270
Jefferies International Limited Stuart Klein Gaudi Le Roux Neil Winward	+44 (0)20 7029 8000
KL Communications Charles Gorman Camilla Esmund Alex Hogan	gh@kl-communications.com +44 (0) 20 3995 6699
JTC (UK) Limited as Company Secretary Christopher Gibbons	GHEnergyStorageCoSec@jtcgroup.com  +44 207 409 0181

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 265MW. 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 £100 million of gross proceeds from investors. Since IPO the Company has raised a total of approximately £238 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 207MW 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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