Result of AGM and Update on Sale Process

Gresham House Renewable EnergyVCT1

19 March 2024

 

19 March 2024

GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLC

(the "Company")

Result of 2024 AGM and Update on Sale Process

Gresham House Renewable Energy VCT 1 plc, announces that at the Company's Annual General Meeting held today, all resolutions were passed by way of a poll and the results of the poll, including the proxy votes received, are set out below.

Resolutions 1 to 4 (inclusive) were proposed as ordinary resolutions and resolution 5 was proposed as a special resolution.

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.

	Resolution	Votes For*	%	Votes Against	%	Total votes validly cast	Total votes cast as % of issued share capital	Vote Withheld **
1.	Receive annual accounts for year ended 30 September 2023.	4,533,848	100	0	0	4,533,848	0.02	19,785
2.	Receive and approve the Directors' Remuneration Report.	4,533,848	100	0	0	4,533,848	0.02	19,785
3.	Re-appoint BDO LLP as the Company's auditor.	4,533,848	100	0	0	4,533,848	0.02	19,785
4.	Authorise the Directors to determine the auditor's remuneration.	4,533,848	100	0	0	4,533,848	0.02	19,785
5.	To allow the Company to hold general meetings on 14 days' notice.	4,523,498	99.77	10,350	0.23	4,533,848	0.02	19,785

* 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.

Update on Sale Process

By way of update and in accordance with the shareholder vote held on 13 July 2021 to enter a Managed Wind-Down of the Company (as defined and described in the circular to Shareholders dated 17 June 2021), the Board and its advisers are continuing discussions with potential purchasers of the remaining solar assets.

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For further information, please contact:

Gresham House Asset Management Investor Relations	[e-mail] Tel: [phone]
JTC (UK) Limited Company Secretary	[e-mail] Tel: [phone]

LEI: 213800IVQHJXUQBAAC06

Notes:

As at close of business on 18 March 2024, the Company's issued share capital comprised 25,515,242 Ordinary Shares and 38, 512, 032 'A' Shares, excluding shares held in treasury, and the total number of voting rights in the Company were 25,553,754,032, being 25,515,242,000 votes attributable to Ordinary Shares and 38,512,032 rights attributable to "A" Shares.

 

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