Business
Result of Meeting
Gore Street Energy Storage Fund plc's requisitioned general meeting on August 20, 2025, resulted in all four resolutions failing to pass. The resolutions involved the appointment of Brett Miller and Ian Dixon, and the removal of Pat Cox and Caroline Banszky. While a significant minority voted for the resolutions, the majority voted against them. The vote percentages against each resolution, including discretionary votes cast against them, ranged from 67.03% to 69.52%. The total number of ordinary shares in issue is 505,099,478, and shareholder participation in the vote was approximately 62%. The board intends to continue board refreshment, with one new appointment anticipated immediately and another in 2026. The company also plans to continue focusing on its outlined strategy, including the sale or co-investment of approximately 495 MW of pre-construction assets. Disclaimer*
About this update from Gore Street Energy Storage Fund Plc
[{"type":"text","content":"\n\n20 August 2025\n \nGore Street Energy Storage Fund plc\nResult of Requisitioned General Meeting\n \nGore Street Energy Storage Fund plc (\"the Company\") announces the result of the Requisitioned General Meeting of the Company held at the offices of Stephenson Harwood LLP, 1 Finsbury Circus, London EC2M 7SH on Wednesday, 20 August 2025. The requisitioned resolutions 1-4 as set out in the circular & Notice of Meeting all failed to pass on a poll.\nThe Board would like to thank all shareholders for their engagement, support and participation in the vote. The results of the poll were:\n \n\n\n\n\n\n\n\nResolution\n\n\nVotes For\n\n\n%\n\n\nVotes Against (including discretionary)\n\n\n%\n\n\nVotes Withheld\n\n\n% of Issued Share Capital voted\n\n\n\n\n1\n\n\nAppointment of Brett Miller\n\n\n95,716,693\n\n\n30.48\n\n\n218,354,422\n\n\n69.52\n\n\n625,818\n\n\n62.18%\n\n\n\n\n2\n\n\nAppointment of Ian Dixon\n\n\n103,513,211\n\n\n32.97\n\n\n210,412,916\n\n\n67.03\n\n\n770,806\n\n\n62.15%\n\n\n\n\n3\n\n\nRemoval of Pat Cox\n\n\n96,567,845\n\n\n30.74\n\n\n217,555,593\n\n\n69.26\n\n\n573,495\n\n\n62.19%\n\n\n\n\n4\n\n\nRemoval of Caroline Banszky\n\n\n96,432,434\n\n\n30.70\n\n\n217,642,683\n\n\n69.30\n\n\n621,816\n\n\n62.18%\n\n\n\n\nWhile a majority voted in line with the Board's recommendations, the Board acknowledges that a significant minority voted for the resolutions above.\nThe Board has listened to shareholder feedback received from the engagements over the past several months, including through direct meetings with a majority of shareholders. These discussions covered a range of topics, including Board composition, capital allocation, and the Company's long-term strategic directions. With respect to Board refreshment, the first new appointment is anticipated imminently, and a further appointment in 2026.\nThe Board also intends to maintain an open and constructive dialogue with shareholders throughout this process. In line with Provision 4 of the AIC Corporate Governance Code 2024, the Board will report on the actions it has taken and will take following this consultation. The Board also expects to undertake a further round of formal shareholder engagement in approximately six months' time to update on progress.\n \nPatrick Cox, Chair of the Company, said:\n\n\"We are grateful for the strong support sho...