Result of 2022 Annual General Meeting

RNS Number : 8972Q

Gresham House Energy Storage Fund

30 June 2022

 

30 June 2022

GRESHAM HOUSE ENERGY STORAGE FUND PLC

(GRID, the "Company")

Result of 2022 Annual General Meeting

Gresham House Energy Storage Fund PLC (LSE: GRID) announces that at the Company's 2022 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 10 (inclusive) were proposed as ordinary resolutions and resolutions 11 to 13 (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 2021	332,064,468	100.00	2,325	0.00	332,066,793	61.35	80,600
2	Approve directors' remuneration report	321,900,359	96.93	10,212,213	3.07	332,112,572	61.36	34,281
3	Approve the Company's dividend policy	332,142,333	100.00	4,520	0.00	332,146,853	61.36	0
4	Re-elect John Leggate as a director	332,118,127	100.00	11,185	0.00	332,129,312	61.36	17,541
5	Re-elect Duncan Neale as a director	332,118,127	100.00	11,185	0.00	332,129,312	61.36	17,541
6	Re-elect Cathy Pitt as a director	254,913,888	90.90	25,515,945	9.10	280,429,833	51.81	51,717,020
7	Re-elect David Stevenson as director	298,534,288	89.88	33,595,024	10.12	332,129,312	61.36	17,541
8	To re-appoint BDO LLP as the Company's auditor	298,562,032	89.89	33,584,821	10.11	332,146,853	61.36	0
9	To authorise the board of directors to determine the auditors remuneration	298,541,018	89.89	33,590,821	10.11	332,131,839	61.36	15,014
10	To authorise the Company to allot ordinary shares	332,125,051	99.99	21,802	0.01	332,146,853	61.36	0
11	To authorise the disapplication of statutory pre-emption in relation the ordinary shares authorised in resolution 10.	314,130,590	94.58	17,989,242	5.42	332,119,832	61.36	27,021
12	To authorise the Company to make market purchases of its own shares	332,115,004	99.99	29,573	0.01	332,144,577	61.36	2,276
13	To permit general meetings to be called on 14 days' notice	330,387,034	99.47	1,759,819	0.53	332,146,853	61.36	0

* 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	[phone]
Jefferies International Limited Stuart Klein Gaudi le Roux Harry Randall	[phone]
KL Communications Charles Gorman Camilla Esmund Alex Hogan	[phone]
JTC (UK) Limited as Company Secretary Christopher Gibbons	[phone]

Notes:

Every shareholder has one vote for every Ordinary Share held. As at close of business on 28 June 2022, the share capital of the Company consisted of 541,290,353 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 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 the Overseas Jurisdictions. 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.

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 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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