Gore Street Energy Storage Fund Plc · LSE:GSF
Gore Street Energy Storage Fund — Proxy Contest (September 2026)
12 slides from Gore Street Energy Storage Fund's proxy contest presentation, Sep 16, 2026
Slide 1: Investor Presentation: Vote FOR Resolutions 1-15 and AGAINST Saba Resolutions 16-17
Investor Presentation Vote FOR Resolutions 1-15 and AGAINST the Saba Resolutions 16-17 to Protect Your Investment Annual General Meeting: 16 September 2026 Proxy Voting Deadline: 14 September 2026 *Voting deadlines may close as early as 7 September – Shareholders are advised to submit their votes as
Slide 2: Presenters from the Board
Presenters from the Board Angus Gordon Lennox Christine Higgins Norman Crighton Chair Senior Independent Non-Executive Director Director Gore Street Energy Storage Fund | 2
Slide 3: Updated strategy is showing good progress
Updated strategy is showing good progress The updated strategy, announced in March 2026, focused on disciplined value realisation, accretive augmentations, and returns to Shareholders, is underway: Ongoing cost optimisation and reductions Enhanced Shareholder Operational Income Distributions Capital
Slide 4: Saba's two resolutions risk destroying Shareholder value
Saba’s two resolutions risk destroying Shareholder value Two resolutions requisitioned by Saba are on the ballot at this year’s AGM: RESOLUTION 16 RESOLUTION 17 An ordinary resolution that the Company shall not A special resolution that, if Resolution 16 is passed, then continue in existence as an i
Slide 5: Accelerated sales risk crystallising value at its lowest point
Accelerated sales risk crystallising value at its lowest point It is the Board’s view that NAV is not realisable on an accelerated timetable 1 2 3 Revenue curves are A single whole-portfolio sale is Live sales are being derailed at a cyclical low unlikely, and accelerated sales Two selective sale pr
Slide 6: Successful disposals of pre-construction assets, Kilmannock and Mucklagh
Successful disposals of pre-construction assets, Kilmannock and Mucklagh Mucklagh Kilmannock Powered by Bing © Microsoft, OpenStreetMap • First disposals completed under the updated strategy • Sales accomplished at prices no less than the most recent NAV (£13.6m, as of 31 March 2026) • Proceeds of s
Slide 7: Additional sales and augmentations are underway
Additional sales and augmentations are underway Two disposals have been achieved at levels above NAV, with other processes underway, and augmentations to increase value and revenue are progressing well Status of Disposals Asset Status MWh Sale DISPOSALS UNDERWAY Kilmannock Pre- 240 Completed constru
Slide 8: Accountability is built-in through the KPIs
Accountability is built-in through the KPIs If any disposal, augmentation, or distribution KPI is missed, the Board has committed to bringing the continuation vote forward ANNUAL DISTRIBUTION COMMITMENT NEXT CONTINUATION VOTE 7p 2028 per share. Three quarterly distributions already delivered in line
Slide 9: Experienced Board of Directors
Experienced Board of Directors The Board has been entirely refreshed over the past year, with new members bringing extensive experience across investment trusts, renewable energy, and banking Chair Senior Independent Audit Committee Non-Executive Non-Executive Angus Gordon Director Chair Director Di
Slide 10: Voting guidance
Voting guidance Your Board recommends VOTE FOR VOTE AGAINST Resolutions 1–15 Saba Resolutions 16–17 All resolutions proposed by your Board The two requisitioned resolutions Platform voting deadlines are as early as 7 September 2026. We recommend voting as soon as possible. If you hold shares through
Slide 11: Disclaimer
Disclaimer Important information The information in this document, including information obtained This presentation is issued by and on behalf of the Board of Gore from third-party sources, has not been independently verified. No Street Energy Storage Fund plc (the "Company"). The views, representat
Slide 12: Contact
Contact Company Secretary Benjamin Hanley Tel: +44 (0) 20 4583 6354 Amy King Tel: +44 (0) 20 4526 1283 Shore Capital and Corporate Limited and Shore Capital Stockbrokers Limited (“Shore Capital”) – Joint Corporate Broker Anita Ghanekar (Corporate Advisory) Fiona Conroy (Corporate Broking) Tel: +44 (
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