RNS Number : 1715J
Gresham House Energy Storage Fund
22 October 2024
 

 

22 October 2024

 

 

Gresham House Energy Storage Fund PLC

(the "Company" or "GRID")  

Capital Reduction

The Company announces that on 22 October 2024 The High Court of Justice of England and Wales confirmed 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 "Reduction in Capital"). The Reduction in Capital will become effective on registration of the Court Order at Companies House. The Company will provide a further update to the market when the Court Order has been registered.

 

The purpose of the Reduction of Capital 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 Reduction in Capital.

 

 

For Further Information

 

Gresham House New Energy

Ben Guest

James Bustin

 

+44 (0)20 3837 6270

 

Jefferies International Limited

Stuart Klein

Gaudi Le Roux

Harry Randall

 

+44 (0)20 7029 8000

KL Communications

Charles Gorman

Charlotte Francis

Effie Aye Maung Hider

 

gh@kl-communications.com

+44 (0)20 3882 6644

 

 

JTC (UK) Limited as Company Secretary

Christopher Gibbons

GHEnergyStorageCoSec@jtcgroup.com 

+44 (0)20 7409 0181

   

 LEI: 213800MSJXKH25C23D82 

 

 

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