Back to announcements list
Disposal of Shares
RNS Number : 2021G
Gore Street Energy Storage Fund PLC
23 July 2021
 

 

23 July 2021

Gore Street Energy Storage Fund plc

(the "Company" or "Gore Street")

Disposal of Shares

 

As announced by Gore Street on 30 October 2020, Anesco Limited ("Anesco") entered into a lock-up and orderly market deed with the Company, dated 30 October 2020, in respect of the Ordinary Shares issued to Anesco in October 2020 in part consideration for the acquisition by the Company from Anesco of certain assets (the "Lock-in Deed"). Pursuant to the terms of the Lock-in Deed, Anesco agreed that, subject to certain exceptions (including with the prior consent of the Company), it would not dispose of any interest in 4,017,300 of those Ordinary Shares (the "Restricted Shares") for a period of 12 months from the date of acquisition of those shares. Following the sale of Anesco to Aksiom Services Group,  the Company consented to the sale of the Restricted Shares. The effect of the consent to the disposal is to bring forward the end of the lock-in period for the Restricted Shares from 4 November 2021 to 22 July 2021.

 

The Restricted Shares have been sold to meet continuing demand from investors and as a result Anesco no longer has an interest in the share capital of the Company. 

 

This announcement is being made in accordance with Listing Rule 9.6.16.

 

The Legal Entity Identifier of the Company is 213800GPUNVGG81G4O21.

For further information:

Gore Street Capital Limited


Alex O'Cinneide / Paula Travesso

Tel: +44 (0) 20 3826 0290





Shore Capital (Joint Corporate Broker)


Anita Ghanekar / Rose Ramsden (Corporate Advisory)

Henry Willcocks / Fiona Conroy (Corporate Broking)

Tel: +44 (0) 20 7601 6128

 

J. P. Morgan Cazenove (Joint Corporate Broker)


William Simmonds / Jérémie Birnbaum (Corporate Finance)

Tel: +44 (0) 20 7742 4000

 

Buchanan (Media enquiries)

Charles Ryland / Henry Wilson / George Beale

Tel: +44 (0) 20 7466 5000


Email: [email protected]

 

JTC (UK) Limited, Company Secretary                                   Tel: +44 (0) 20 7409 0181

Notes to Editors

About Gore Street Energy Storage Fund plc

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.   

The Company targets an annual dividend of 7.0% of NAV per Ordinary Share in each financial year, subject to a minimum target of 7.0 pence per Ordinary Share. Dividends are paid quarterly.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DISZZGZNVZRGMZM