RNS Announcements

Result of 2021 Annual General Meeting

06 September 2021

The Board of Gore Street Energy Storage Fund plc, announces that at the Company's 2021 Annual General Meeting held today, all resolutions proposed at the AGM were voted on and passed by a poll by the Company's shareholders and the results of the proxy votes received are set out below.

Resolutions 1 to 11 (inclusive) were proposed as ordinary resolutions and resolutions 12 to 15 (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 March 2021 111,640,022 99.98 18,300 0.02 111,658,322 40.42 44,417
2 Approve directors' remuneration report 111,448,581 99.86 158,158 0.14 111,606,739 40.40 96,000
3 Approve the company's dividend policy 111,652,305 99.99 13,100 0.01 111,665,405 40.43 37,334
4 Re-elect Patrick Cox as a director 111,535,001 99.91 102,140 0.09 111,637,141 40.42 65,598
5 Re-elect Caroline Banszky as a director 111,555,121 99.91 98,736 0.09 111,653,857 40.42 48,882
6 Re-elect Malcolm King as a director 111,542,904 99.92 92,137 0.08 111,635,041 40.41 67,698
7 Re-elect Thomas Murley a director 111,544,901 99.92 90,140 0.08 111,635,041 40.41 67,698
8 To appoint EY LLP as the Company's auditor 111,530,984 99.89 117,788 0.11 111,648,772 40.42 53,967
9 To authorise the board of directors to determine the auditors remuneration 106,760,087 95.62 4,885,274 4.38 111,645,361 40.42 57,377
10 To authorise the Directors to allot shares under section 551 Companies Act 2006 111,386,587 99.77 259,451 0.23 111,646,038 40.42 56,701
11 Subject to the passing of resolution 10, to authorise the Directors to allot additional shares under section 551 Companies Act 2006 111,475,712 99.85 168,076 0.15 111,643,788 40.42 58,951
12 Subject to the passing of resolution 10, to disapply statutory pre-emption rights under section 570 Companies Act 2006 111,411,295 99.79 231,666 0.21 111,642,961 40.42 59,778
13 Subject to the passing of resolution 11, to disapply statutory pre-emption rights under section 570 Companies Act 2006 106,451,251 95.35 5,189,447 4.65 111,640,698 40.42 62,040
14 To authorise the Company to make market purchase of its own ordinary shares 111,503,554 99.87 140,268 0.13 111,643,822 40.42 58,917
15 To permit general meetings to be called on 14 days' notice 110,631,839 99.08 1,029,136 0.92 111,660,975 40.42 41,764

 

* 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.

Notes:

Every shareholder has one vote for every Ordinary Share held. As at 29 July 2021, the share capital of the Company consisted of 276,224,622 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

Gore Street is London's first listed energy storage fund and seeks to provide shareholders with a significant opportunity to invest in a diversified portfolio of utility scale energy storage projects. In addition to growth through exploiting its considerable pipeline, the Company aims to deliver consistent and robust dividend yield as income distributions to its shareholders.

Further information is available at www.gorestreetcap.com/energy-storage-fund/ 

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