Capital Reduction
22 October 2024
Gresham House Energy Storage Fund PLC
(the "Company" or "GRID")
Capital Reduction
The Company announces that on 22 October 2024 The High Court of Justice of England and Wales confirmed the cancellation of the Company's share premium reserve and B ordinary shares arising out of the capitalisation of the Company's merger relief reserve (the "Reduction in Capital"). The Reduction in Capital will become effective on registration of the Court Order at Companies House. The Company will provide a further update to the market when the Court Order has been registered.
The purpose of the Reduction of Capital is to provide the Company with a significant pool of reserves which can be used in the future, if required, to fund dividend distributions, returns of capital or to provide flexibility for any other general corporate purposes, in accordance with applicable law. Shareholders do not need to take any further action in relation to the Reduction in Capital.
For Further Information
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Gresham House New Energy Ben Guest James Bustin
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+44 (0)20 3837 6270
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Jefferies International Limited Stuart Klein Gaudi Le Roux Harry Randall
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+44 (0)20 7029 8000 |
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KL Communications Charles Gorman Charlotte Francis Effie Aye Maung Hider
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+44 (0)20 3882 6644
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JTC (UK) Limited as Company Secretary Christopher Gibbons |
GHEnergyStorageCoSec@jtcgroup.com +44 (0)20 7409 0181 |
LEI: 213800MSJXKH25C23D82
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