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| Date | 30 May 2023 |
| Time | 17:39:46 |
| Category | AGMs and other meetings |
| ID | 0745B |
30 May 2023
GRESHAM HOUSE ENERGY STORAGE FUND PLC
(GRID, the "Company")
Result of 2023 Annual General Meeting
Gresham House Energy Storage Fund PLC (LSE: GRID) announces that at the Company's 2023 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 11 (inclusive) were proposed as ordinary resolutions and resolutions 12 to 17 (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 2022 |
313,600,794 |
99.99 |
42,541 |
0.01 |
313,643,335 |
57.94 |
16,298 |
|
2 |
Approve directors' remuneration report |
313,535,990 |
99.98 |
72,491 |
0.02 |
313,608,481 |
57.94 |
51,152 |
|
3 |
Approve the Company's dividend policy |
313,600,794 |
99.99 |
42,541 |
0.01 |
313,643,335 |
57.94 |
16,298 |
|
4 |
Re-elect John Leggate as a director |
313,570,326 |
99.98 |
58,358 |
0.02 |
313,628,684 |
57.94 |
30,949 |
|
5 |
Re-elect Duncan Neale as a director |
313,570,326 |
99.98 |
58,358 |
0.02 |
313,628,684 |
57.94 |
30,949 |
|
6 |
Re-elect Cathy Pitt as a director |
313,561,165 |
99.98 |
72,820 |
0.02 |
313,633,985 |
57.94 |
25,648 |
|
7 |
Re-elect David Stevenson as director |
313,555,326 |
99.98 |
58,358 |
0.02 |
313,613,684 |
57.94 |
45,949 |
|
8 |
Re-elect Isabel Liu as director |
313,546,541 |
99.97 |
87,444 |
0.03 |
313,633,985 |
57.94 |
25,648 |
|
9 |
To re-appoint BDO LLP as the Company's auditor |
313,545,097 |
99.97 |
97,937 |
0.03 |
313,643,034 |
57.94 |
16,599 |
|
10 |
To authorise the board of directors to determine the auditors remuneration |
313,600,493 |
99.99 |
42,541 |
0.01 |
313,643,034 |
57.94 |
16,599 |
|
11 |
To continue as an investment trust for a further 5 years |
313,600,794 |
99.99 |
42,541 |
0.01 |
313,643,335 |
57.94 |
16,298 |
|
12 |
To authorise the Company to allot ordinary shares |
313,466,751 |
99.96 |
111,893 |
0.04 |
313,578,644 |
57.93 |
80,989 |
|
13 |
To authorise the Company to allot ordinary shares |
313,466,751 |
99.96 |
111,893 |
0.04 |
313,578,644 |
57.93 |
80,989 |
|
14 |
To authorise the disapplication of statutory pre-emption in relation the ordinary shares authorised in resolution 12. |
313,434,928 |
99.95 |
143,716 |
0.05 |
313,578,644 |
57.93 |
80,989 |
|
15 |
To authorise the disapplication of statutory pre-emption in relation the ordinary shares authorised in resolution 13. |
304,388,834 |
97.07 |
9,189,810 |
2.93 |
313,578,644 |
57.93 |
80,989 |
|
16 |
To authorise the Company to make market purchases of its own shares |
313,534,734 |
99.97 |
91,075 |
0.03 |
313,625,809 |
57.94 |
33,824 |
|
17 |
To permit general meetings to be called on 14 days' notice |
312,091,675 |
99.51 |
1,531,963 |
0.49 |
313,623,638 |
57.94 |
35,995 |
* 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 |
+44 (0) 20 3837 6270 |
|
|
|
|
Jefferies International Limited Stuart Klein Gaudi le Roux Harry Randall
|
+44 (0) 20 7029 8000 |
|
KL Communications Charles Gorman Charlotte Francis
|
+44 (0) 20 3995 6673 |
|
JTC (UK) Limited as Company Secretary David Rice |
+44 (0) 207 409 0181 |
Notes:
Every shareholder has one vote for every Ordinary Share held. As at close of business on 25 May 2023, 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.
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