GRESHAM HOUSE ENERGY STORAGE FUND PLC — AGM Information 2021

Jun 21, 2021

National Storage Mechanism | Additional information

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

* 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 Ben Guest	+44 (0) 20 3837 6270
Jefferies International Limited Stuart Klein Neil Winward Gaudi le Roux	+44 (0) 20 7029 8000
KL Communications Charles Gorman Camilla Esmund Alex Hogan	+44 (0) 20 3995 6673
JTC (UK) Limited as Company Secretary Christopher Gibbons	+44 (0) 207 409 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 £100 million of gross proceeds from investors. Following IPO, the Company has raised a further total of approximately £258 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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