REG - Gresham House Energy - Notice of 2024 Annual General Meeting

Gresham House Energy Storage FundAnnouncement

20/05/2024 07:00

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RNS Number : 9864O  Gresham House Energy Storage Fund  20 May 2024

20 May 2024

Gresham House Energy Storage Fund plc

(the "Company" or "GRID")

Notice of 2024 Annual General Meeting ("AGM")

 

Gresham House Energy Storage Fund plc (LSE: GRID) is pleased to announce that
the Notice of its 2024 AGM is now available to view on the Company's website
at
https://greshamhouse.com/real-assets/new-energy/gresham-house-energy-storage-fund-plc/
(https://greshamhouse.com/real-assets/new-energy/gresham-house-energy-storage-fund-plc/)
.

The AGM will be held at 09.30 a.m. on Thursday, 20 June 2024, at New Broad
Street House, 35 New Broad Street, London, EC2M 1NH.

The formal Notice of AGM will be posted to those shareholders who have elected
postal correspondence and will shortly be available for inspection from the
National Storage Mechanism at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

Proposed AGM arrangements

This year's AGM will be held in person and the Board welcomes the opportunity
to engage with those shareholders in the Company ("Shareholders") who choose
to attend the AGM this year.

The AGM will proceed as set out below:

·      the AGM will be held in person at New Broad Street House, 35 New
Broad Street, London, EC2M 1NH;

 

·      the Board and representatives of Gresham House Asset Management
Limited (the "Investment Manager") are expected to be present at the AGM in
person;

 

·      there will be no presentation from the Board or the Investment
Manager at the AGM. However, there will be an opportunity to ask questions of
the Board or the Investment Manager relating to the business and resolutions
proposed at the AGM;

 

·      Shareholders are encouraged to submit questions in advance of the
AGM by sending these questions to GHEnergyStorageCoSec@jtcgroup.com
(mailto:GHEnergyStorageCoSec@jtcgroup.com) on or before Friday, 14 June 2024;

 

·      the votes on the resolutions to be proposed at the AGM will be
conducted on a poll and the Chair of the meeting will vote in the poll in
accordance with the proxies held; and

 

·      the results of the poll votes will be published as soon as
possible following the conclusion of the AGM by way of a Regulatory
Information Service ("RIS") announcement and on its website
(https://greshamhouse.com/real-assets/new-energy/gresham-house-energy-storage-fund-plc/
(https://greshamhouse.com/real-assets/new-energy/gresham-house-energy-storage-fund-plc/)
).

If for any reason circumstances change, the Company will consider these
changes and, if it is appropriate, notify shareholders of any changes to the
proposed format for the AGM as soon as possible via an RIS announcement and on
its website.

Investor Engagement Event

The Board values the opportunity to engage with its investors and intends to
have a more comprehensive engagement session with shareholders later in the
year. Once the appropriate arrangements for this session can be arranged the
Company will make an announcement setting out the relevant details and
inviting shareholders to this event. This event is intended to be of interest
to the institutional and retail shareholders of the Company and will include
multiple speakers from the Investment Manager. While shareholders are welcome
to attend the AGM in person, the Board is of the opinion that the anticipated
shareholder engagement session later in the year may be a more interesting
event for shareholders to engage with the Board and Investment Manager.

If you are planning to attend the AGM in person, please notify the Company
Secretary on or before Tuesday, 18 June 2024, at
GHEnergyStorageCoSec@jtcgroup.com (mailto:GHEnergyStorageCoSec@jtcgroup.com)
so that appropriate arrangements can be made to facilitate access to the
meeting and to make the appropriate arrangements for the meeting.

- ENDS -

For Further Information

 

 Gresham House New Energy                +44 (0)20 3837 6270

 Ben Guest

 James Bustin

                                         +44 (0)20 7029 8000

 Jefferies International Limited

 Stuart Klein

 Gaudi Le Roux

 Harry Randall

 KL Communications                       gh@kl-communications.com (mailto:gh@kl-communications.com)

 Charles Gorman                          +44 (0)20 3882 6644

 Charlotte Francis

 Effie Aye-Maung-Hider

                                         GHEnergyStorageCoSec@jtcgroup.com (mailto:GHEnergyStorageCoSec@jtcgroup.com)

                                       +44 (0)20 7409 0181
 JTC (UK) Limited as Company Secretary

 Christopher Gibbons

 

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 internationally. 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.

 

The Company targets an unlevered Net Asset Value total return of 8% per annum
and a levered Net Asset Value total return of 15% per annum, in each case
calculated net of the Company's costs and expenses.

 

Gresham House Asset Management is the FCA authorised operating business of
Gresham House Ltd, a specialist alternative asset manager. Gresham House is
committed to operating responsibly and sustainably, taking the long view in
delivering sustainable investment solutions.

 

http://www.greshamhouse.com/ (http://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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