Business
Primary Bid Offer
Primary Bid Offer.
About this update from Gore Street Energy Storage Fund Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4082U\n Gore Street Energy Storage Fund PLC\n 06 April 2021\n \n \n \n \n \n \n \n \n \n \n THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.\n \n \n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN GORE STREET ENERGY STORAGE FUND PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY INVESTMENT DECISION IN RESPECT OF GORE STREET ENERGY STORAGE FUND PLC.\n \n \n \n \n \n THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (\"FSMA\") AND HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 779021)\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 6 April\n \n \n 2021\n \n \n \n \n \n \n Gore Street Energy Storage Fund plc\n \n \n \n \n \n (\n \n LON\n \n : GSF\n )\n \n \n PrimaryBid Offer\n \n \n \n \n \n Gore Street Energy Storage Fund plc (the \"Company\"), London's first listed energy storage fund supporting the transition to low carbon power, \n is pleased to announce a retail offer via PrimaryBid (the \"PrimaryBidOffer\") of new ordinary shares of \n 1\n p each in the Company (the \"New Ordinary Shares\") at an issue price of \n 102\n pence per New Ordinary Share (the \"Issue Price\"). The Issue Price represents a discount of approximately \n 6.2\n per cent. to the closing mid-price \n of 108.7 pence \n on 1 April 2021 and a premium of approximately 2.4% to the last reported NAV of 99.6 pence as at 31 December 2020.\n \n \n As separately announced earlier today, the Company is also conducting a non-pre-emptive placing of new ordinary shares in the capital of the Company (the \"Placing Shares...