Declaration of Dividend

RNS Number : 2584D

Gresham House Energy Storage Fund

27 October 2020

 

27 October 2020

GRESHAM HOUSE ENERGY STORAGE FUND PLC

("GRID" or the "Company")

Declaration of Dividend

Gresham House Energy Storage Fund PLC (LSE: GRID) is pleased to announce a dividend of 1.75p per Ordinary Share for the period from 1 July 2020 to 30 September 2020. The dividend will be paid on 11 December 2020 to Shareholders on the register as at the close of business on 6 November 2020. The ex-dividend date is 5 November 2020.

For the first three quarters of 2020, the Company has declared dividends of 5.25p per share, in line with its stated dividend target. The Board has also reaffirmed expectations of a 7.0p per share dividend target for 2020.

For further information, please contact:

Gresham House New Energy Ben Guest	[phone]
Jefferies International Limited Stuart Klein Gaudi Le Roux Neil Winward	[phone]
KL Communications Charles Gorman Camilla Esmund Alex Hogan	[e-mail] [phone]
JTC (UK) Limited as Company Secretary Christopher Gibbons	[e-mail] [phone]

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 portfolio has a total capacity of 215MW. 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 having raised £100.0 million of gross proceeds from investors. Including issuance under the Placing Programme, it has now raised a total of approximately £238.0 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 224MW of Energy Storage Systems and approximately 290MW of predominantly ground-mounted solar projects. Gresham House Asset Management Limited currently manages 207MW of solar and wind energy projects.

Gresham House Asset Management Limited 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 ESS projects and utility-scale battery storage systems

ESS projects are utility-scale battery storage systems.  These projects 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.

Forward-looking statements

This announcement contains "forward-looking statements."  Actual events or results may differ materially from those reflected or contemplated in such forward-looking statements.

 

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