RNS Announcements

Result of AGM

19 August 2020

Gore Street Energy Storage Fund plc, announces that at the Company's Annual General Meeting held today, all resolutions were passed on a poll 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 2020

30,561,345

100.00

1,000

0.00

30,562,345

39.60

2,100

2

Approve directors' remuneration report

30,512,395

99.88

36,300

0.12

30,548,695

39.58

15,750

3

Approve the company's dividend policy

30,561,345

100.00

1,000

0.00

30,562,345

39.60

2,100

4

Re-elect Patrick Cox as a director

30,542,703

100.00

1,000

0.00

30,543,703

39.58

20,742

5

Re-elect Caroline Banszky as a director

30,547,845

100.00

1,000

0.00

30,548,845

39.58

15,600

6

Re-elect Malcolm King as a director

30,542,703

100.00

1,000

0.00

30,543,703

39.58

20,742

7

Re-elect Thomas Murley a director

30,542,703

100.00

1,000

0.00

30,543,703

39.58

20,742

8

To appoint EY LLP as the Company's auditor

29,829,345

97.67

711,961

2.33

30,541,306

39.57

23,139

9

To authorise the board of directors to determine the auditors remuneration

29,483,750

96.51

1,066,095

3.49

30,549,845

39.58

14,600

10

To authorise the Directors to allot shares under section 551 Companies Act 2006

30,550,997

99.99

3,848

0.01

30,554,845

39.59

9,600

11

Subject to the passing of resolution 10, to authorise the Directors to allot additional shares under section 551 Companies Act 2006

30,541,386

99.97

10,209

0.03

30,551,595

39.59

12,850

12

Subject to the passing of resolution 10, to disapply statutory pre-emption rights under section 570 Companies Act 2006

27,659,889

90.70

2,836,559

9.31

30,496,448

39.52

67,997

13

Subject to the passing of resolution 11, to disapply statutory pre-emption rights under section 570 Companies Act 2006

27,664,889

90.55

2,886,559

9.46

30,551,448

39.59

12,997

14

To authorise the Company to make market purchase of its own ordinary shares

29,858,821

97.75

687,911

2.25

30,546,732

39.58

17,713

15

To permit general meetings to be called on 14 days' notice

30,166,572

98.71

395,626

1.30

30,562,198

39.60

2,247

 

* 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 23 July 2020, the share capital of the Company consisted of 77,176,180 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 http://www.morningstar.co.uk/uk/nsm 

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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