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Launch of Placing via Accelerated Bookbuild
Launch of Placing via Accelerated Bookbuild.
About this update from Gore Street Energy Storage Fund Plc
[{"type":"text","content":"\n \nRNS Number : 8278B Gore Street Energy Storage Fund PLC 04 February 2020 \n\nTHIS ANNOUNCEMENT, AND THE INFORMATION CONTAINED IN IT, IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL OR RESTRICTED BY LAW.\nTHE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\nThis announcement is an advertisement and does not constitute a prospectus. Investors must subscribe for or purchase any shares referred to in this announcement only on the basis of information contained in the prospectus published BY THE COMPANY ON 16 JULY 2019 (THE \"PROSPECTUS\") and not in reliance on this announcement. A copy of the Prospectus is available for inspection from the Company's registered office and on its website (www.gsenergystoragefund.com). \nUNLESS THE CONTEXT REQUIRES OTHERWISE, WORDS AND EXPRESSIONS DEFINED IN THE PROSPECTUS HAVE THE SAME MEANINGS WHEN USED IN THIS ANNOUNCEMENT. \n4 February 2020\nGore Street Energy Storage Fund plc \n(the \"Company\" or \"Gore Street\")\nLaunch of Placing via Accelerated Bookbuild\n \nGore Street Energy Storage Fund plc (ticker: GSF), London's first listed energy storage fund investing in income producing assets in the UK and internationally, today announces a proposed placing of new Ordinary Shares pursuant to the Company's placing programme as set out in the prospectus published by the Company on 16 July 2019. \nThe Proposed Placing\nThe Board is pleased to announce that following inbound investor interest, it is proposing an issue of new Ordinary Shares at 95.5 pence per share (the \"Placing Price\"), by way of a non-pre-emptive placing pursuant to the Company's Placing Programme (the \"Placing\"). The Placing is being supported by two new investors who are specialist ESG funds, who will together subscribe for a total of £1.5 million. An Accelerated Bookbuild is simultaneously being launched today as part of the Placing to enable any existing or other investors to participate under ...