GRESHAM HOUSE ENERGY STORAGE FUND PLC

AGM Information • Jun 24, 2025

National Storage Mechanism | Additional information

RNS Number : 2302O

Gresham House Energy Storage Fund

24 June 2025

24 June 2025

GRESHAM HOUSE ENERGY STORAGE FUND PLC

(GRID, the "Company")

Result of 2025 Annual General Meeting

Gresham House Energy Storage Fund PLC (LSE: GRID) announces that at the Company's 2025 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 12 (inclusive) were proposed as ordinary resolutions and resolutions 13 to 15 (inclusive) were proposed as special resolutions.

	Resolution	Votes For1	%	Votes Against	%	Total votes validly cast	Total votes cast as % of issued share capital2	Votes Withheld3
1	Receive annual accounts for period ended 31 December 2024.	359,666,669	100.00	15,608	0.00	359,682,277	63.21	267,923
2	Approve directors' remuneration report.	358,530,945	99.71	1,029,431	0.29	359,560,376	63.18	389,824
3	Approve the Company's dividend policy.	359,421,852	99.92	288,862	0.08	359,710,714	63.21	239,486
4	Re-elect John Leggate as a director.	358,647,247	99.73	986,662	0.27	359,633,909	63.20	316,291
5	Re-elect Isabel Liu as director.	358,579,163	99.71	1,054,797	0.29	359,633,960	63.20	316,240
6	Re-elect Duncan Neale as a director.	358,684,749	99.74	949,160	0.26	359,633,909	63.20	316,291
7	Re-elect Cathy Pitt as a director.	358,467,570	99.71	1,047,799	0.29	359,515,369	63.18	434,831
8	Re-elect David Stevenson as director.	358,697,763	99.74	936,146	0.26	359,633,909	63.20	316,291
9	To re-appoint BDO LLP as the Company's auditor.	324,896,293	99.95	164,744	0.05	325,061,037	57.12	34,889,163
10	To authorise the board of directors to determine the auditor's remuneration.	345,860,872	99.98	79,658	0.02	345,940,530	60.79	14,009,670
11	To amend the Company's Articles of Association to increase the aggregate amount of directors' fees payable to the Company's Board of directors to £550,000.	357,575,438	99.45	1,972,062	0.55	359,547,500	63.18	402,700
12	To authorise the Company to allot ordinary shares.	358,260,331	99.61	1,406,281	0.39	359,666,612	63.20	283,587
13	To authorise the disapplication of statutory pre-emption in relation the ordinary shares authorised in resolution 12.	357,490,728	99.38	2,219,483	0.62	359,710,211	63.21	239,988
14	To authorise the Company to make market purchases of its own shares.	359,603,671	99.97	96,286	0.03	359,699,957	63.21	250,243
15	To permit general meetings to be called on 14 days' notice.	359,295,851	99.93	245,441	0.07	359,541,292	63.18	408,908

1 Includes discretionary votes cast by the Chair.

2 Shares held in treasury count to the total issued share capital but are not voted.

3 A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.

Notes:

Every shareholder has one vote for every Ordinary Share held. As at close of business on Friday, 20 June 2025, the share capital of the Company consisted of 573,444,694 Ordinary Shares of which 569,064,139 shares held with voting rights. The Company held 4,380,555 Ordinary Shares in treasury.

In accordance with UK Listing Rule 6.4.2 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 .

For further information, please contact:

Gresham House New Energy Ben Guest	+44 (0) 20 3837 6270
Jefferies International Limited Stuart Klein Gaudi le Roux Harry Randall Peel Hunt                                                                  Luke Simpson                                                                      Huw Jeremy	+44 (0) 20 7029 8000 44 (0) 20 7418 8900
KL Communications Charles Gorman Charlotte Francis	+44 (0) 20 3995 6673
JTC (UK) Limited as Company Secretary Christopher Gibbons	+44 (0) 207 409 0181

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 internationally. 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.

The Company targets an unlevered Net Asset Value total return of 8% per annum and a levered Net Asset Value total return of 15% per annum, in each case calculated net of the Company's costs and expenses.

Gresham House Asset Management is the FCA authorised operating business of Gresham House Ltd, a specialist alternative asset manager. Gresham House is committed to operating responsibly and sustainably, taking the long view in delivering sustainable investment solutions.

http://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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