Investment Manager's Group Restructuring

31 March 2025

Gore Street Energy Storage Fund plc 

(the "Company" or "GSF")  

Restructuring within the Investment Manager's Group

Gore Street Investment Management Limited ("GSIM"), a 100% owned subsidiary of Gore Street Capital Limited ("GSC", the Company's former AIFM and investment manager) received approval from the Financial Conduct Authority ("FCA") to perform regulated activities, including permission to manage unauthorised AIFs, effective 31 March 2025.

Following that approval, and as part of a corporate restructuring within the Investment Manager's group, on 31 March 2025, the Company's alternative investment fund management agreement ("AIFM Agreement"), was novated from GSC to GSIM. Under the terms of the novation agreement, GSC transferred all of its rights and obligations under the AIFM Agreement to GSIM. GSIM has undertaken to the Company to observe, perform, discharge and be bound by the AIFM Agreement as if it were a party to the original AIFM Agreement in place of GSC. The terms of the AIFM Agreement, including those relating to the payment of fees and the notice period, remain the same.

In addition, due to the change of AIFM, the Depositary Agreement between the Company, GSC and INDOS Financial Limited has also been novated, with GSIM taking the place of GSC. All the terms of the Depositary Agreement remain the same.

For further information:  

Gore Street Capital Limited / Gore Street Investment Management Limited           

Alex O'Cinneide / Paula Travesso / Ben Paulden 

Email: [email protected]                                                                                       Tel: +44 (0) 20 4551 7860  

Shore Capital (Joint Corporate Broker)    

Anita Ghanekar / Sophie Collins (Corporate Advisory)                                            Tel: +44 (0) 20 7408 4050  

Fiona Conroy (Corporate Broking)              

J.P. Morgan Cazenove (Joint Corporate Broker)                                                               

William Simmonds / Jérémie Birnbaum (Corporate Finance)                                 Tel: +44 (0) 20 3493 8000  

Burson Buchanan (Media Enquiries)        

Charles Ryland / Henry Wilson / Samuel Adams                                                       Tel: +44 (0) 20 7466 5000  

Email: [email protected]  

Notes to Editors  

About Gore Street Energy Storage Fund plc  

Gore Street is London's first listed and internationally diversified energy storage fund dedicated to the low-carbon transition. It seeks to provide Shareholders with sustainable returns from their investment in a diversified portfolio of utility-scale energy storage projects. In addition to growth through increasing operational capacity and a considerable pipeline, the Company aims to deliver consistent and robust dividend yield as income distributions to its Shareholders.  

https://www.gsenergystoragefund.com