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Gresham House Energy Storage Fund PLC (GRID) announced that The High Court of Justice of England and Wales confirmed a Capital Reduction. This action, involving the cancellation of the Company's share premium reserve and B ordinary shares arising from the capitalisation of its merger relief reserve, took effect on 1 November 2024 after being registered with the Registrar of Companies.
| Date | 1 Nov 2024 |
| Time | 16:06:33 |
| Category | Miscellaneous |
| ID | 6896K |
1 November 2024
Gresham House Energy Storage Fund PLC
(the "Company" or "GRID")
Capital Reduction
The Company announces that the Order of The High Court of Justice of England and Wales confirming 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 "Capital Reduction") has now been registered with the Registrar of Companies. As such, the Capital Reduction took effect on 1 November 2024.
The purpose of the Capital Reduction 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 Capital Reduction.
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 |
+44 (0)20 7409 0181 |