Gresham House Energy Storage Fund Dividend Declaration (6534P)
February 19 2021 - 1:00AM
UK Regulatory
TIDMGRID
RNS Number : 6534P
Gresham House Energy Storage Fund
19 February 2021
19 February 2021
GRESHAM HOUSE ENERGY STORAGE FUND PLC
("GRID" or the "Company")
Declaration of Dividend
Gresham House Energy Storage Fund PLC (LSE: GRID) is pleased to
announce a dividend of 1.75p per Ordinary Share for the period from
1 October to 31 December 2020. The dividend will be paid on 26
March 2021 to Shareholders on the register as at the close of
business on 5 March 2021. The ex-dividend date is 4 March 2021.
Any such dividend payment to Shareholders may take the form of
either dividend income or "qualifying interest income" which may be
designated as an interest distribution for UK tax purposes and
therefore subject to the interest streaming regime applicable to
investment trusts. Of this dividend declared of 1.75 pence per
Ordinary Share, 0.23 pence is declared as dividend income with 1.52
pence treated as qualifying interest income.
This dividend completes the 7.0p per share dividend target for
2020 and the Board is pleased to confirm its commitment to
delivering a 7.0p per share dividend for 2021.
For further information, please contact:
Gresham House New Energy
Ben Guest +44 (0) 20 3837 6270
Jefferies International Limited
Stuart Klein +44 (0) 20 7029 8000
Gaudi Le Roux +44 (0) 20 7029 8000
Neil Winward +44 (0) 20 7029 8000
KL Communications gh@kl-communications.com
Charles Gorman +44 (0) 20 3995 6699
Camilla Esmund
Alex Hogan
JTC (UK) Limited as Company Secretary GHEnergyStorageCoSec@jtcgroup.com
Christopher Gibbons +44 207 409 0181
About the Company and the Manager:
Gresham House Energy Storage Fund plc owns a portfolio of
utility-scale operational energy storage systems (known as ESS)
located in Great Britain. The portfolio has a total capacity of
395MW. The Company is managed by Gresham House Asset Management
Limited under the leadership of Ben Guest. The Company was admitted
to trading on the London Stock Exchange (Specialist Fund Segment)
on 13 November 2018 having raised GBP100 million of gross proceeds
from investors. Including issuance under the Placing Programme, it
has now raised a total of approximately GBP358 million of gross
proceeds from investors.
The Gresham House New Energy team has a proven track record in
developing and operating energy storage and other renewable assets
having developed 234MW of Energy Storage Systems and approximately
290MW of predominantly ground-mounted solar projects. Gresham House
Asset Management currently manages approximately 232MW of solar and
wind energy projects.
Gresham House Asset Management is the FCA authorised operating
business of Gresham House plc, a London Stock Exchange quoted
specialist alternative asset manager. Gresham House is committed to
operating responsibly and sustainably, taking the long view in
delivering sustainable investment solutions.
www.greshamhouse.com
Definition of Utility-scale battery Storage Systems
Utility-scale battery storage systems are the enabling
infrastructure that will support the continued growth of renewable
energy sources such as wind and solar, essential to the UK's stated
target to reduce carbon emissions. They store excess energy
generated by renewable energy sources and then release that stored
energy back into the grid during peak hours when there is increased
demand for it.
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END
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