Gore Street Energy Storage Fund PLC Disposal of Shares (2021G)
July 23 2021 - 2:00AM
UK Regulatory
TIDMGSF
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) Tel: +44 (0) 20 7601 6128
Henry Willcocks / Fiona Conroy (Corporate Broking)
J. P. Morgan Cazenove (Joint Corporate Broker)
William Simmonds / Jérémie Birnbaum (Corporate Tel: +44 (0) 20 7742
Finance) 4000
Buchanan (Media enquiries)
Charles Ryland / Henry Wilson / George Beale Tel: +44 (0) 20 7466 5000
Email: Gorestreet@buchanan.uk.com
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.
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END
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