Business
Result of Equity Issue
Result of Equity Issue.
About this update from Gore Street Energy Storage Fund Plc
[{"type":"text","content":"\n \nRNS Number : 9707B Gore Street Energy Storage Fund PLC 05 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.\nUNLESS THE CONTEXT REQUIRES OTHERWISE, WORDS AND EXPRESSIONS DEFINED IN THE PROSPECTUS published BY THE COMPANY ON 16 JULY 2019 HAVE THE SAME MEANINGS WHEN USED IN THIS ANNOUNCEMENT. \n5 February 2020\nGore Street Energy Storage Fund plc \n(the \"Company\" or \"Gore Street\")\nResults of Placing\nKey highlights:\n· 3,615,986 new Ordinary Shares will be issued at 95.5p per Ordinary Share, raising gross proceeds of £3.5 million.\n· Net proceeds will be used to fund investment opportunities from the Investment Adviser's considerable pipeline of energy storage projects in the UK and internationally, in accordance with the Company's investment policy and return profile. \n· Admission is expected to become effective at 8:00 a.m. on 11 February 2020.\nFurther to the announcement on 4 February 2020, the Company is pleased to announce the result of the placing of new Ordinary Shares pursuant to the Placing Programme (the \"Placing\"). \nA total of 3,615,986 new Ordinary Shares will be issued pursuant to the Placing at 95.5p per share. The net proceeds of the Placing will be used to fund investments in accordance with the Company's investment policy.\nApplications have been made to the FCA for the 3,615,986 new Ordinary Shares to be admitted to the premium segment of the Official List and to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on its main market for listed securities. Admission is expected to become effective, and dealings in the new Ordinary Shares are expected to commence, at 8.00 a.m. on 11 February 2020. Following Admission, the new Ordinary ...