Business
Announcement of Chair Designate
Gore Street Energy Storage Fund plc announced that Angus Gordon Lennox will become Chair on January 19, 2026, succeeding Pat Cox who will remain as a Non-Executive Director until March 31, 2026. Lennox, who joined the board on October 22, 2025, brings extensive experience from previous chair and director roles, including a 24-year career in corporate broking. This appointment is part of a broader board refreshment initiative. Lennox stated his immediate focus will be on completing sales and augmenting assets to strengthen performance and deliver shareholder value, building on the company's current 1.16 GW portfolio across five grids. Disclaimer*
About this update from Gore Street Energy Storage Fund Plc
28 November 2025 Gore Street Energy Storage Fund plc (the "Company" or "GSF") Announcement of Chair Designate The Board of GSF is pleased to announce that Angus Gordon Lennox will be appointed as Chair of the Company with effect from 19 January 2026. Angus joined the Board on 22 October 2025 and brings extensive experience as a Non-Executive Director and Chair. He currently serves as Chair of Aberforth Geared Value & Income Trust plc and is Executive Chair of two private family businesses. Angus is a former Chair of the Mercantile Investment Trust plc and a past Senior Independent Director of Securities Trust of Scotland. Previously, he had a 24-year career as a corporate broker, leading the investment companies team, first as a partner of Cazenove & Co and latterly as a Managing Director of J.P. Morgan Cazenove, which he left in August 2010. The selection process was led by Simon Merriweather, new Chair of the Remuneration and Nomination Committee (effective 16 December 2025). A dedicated sub-committee assessed candidates using objective criteria and a structured evaluation framework to ensure a robust, transparent process aligned with governance standards. Neither the current Chair nor the candidates participated in the sub-committee or voted on the recommendation. Pat Cox, the current Chair, will remain as a Non-Executive Director to provide continuity before retiring from the Board on 31 March 2026. This appointment forms part of the comprehensive Board refreshment announced earlier this year, which will continue into 2026. Pat Cox Commented: "It has been a privilege to serve as Chair and to work alongside the Board and the team at Gore Street Capital in growing the Company to its current scale of 1.16 GW across five grids. I am proud of what we have achieved and confident that Angus brings the experience and leadership needed to guide the Company through its next phase of growth and deliver value for shareholders." Angus Gordon Lennox Commented: "I am taking on the role of Chair at a pivotal time for the Company. My immediate focus will be to oversee the delivery of the Board and Manager's previously outlined plans: completing sales and augmenting assets that offer attractive return profiles. These actions are designed to strengthen performance and deliver sustainable value for shareholders. I am clear that delivering best value for shareholders is my and the Board's top priority, and I look forward to working closely with the Board, the Investment Manager, and our shareholders to achieve these goals." F or further information: Gore Street Investment Management Alex O'Cinneide / Paula Travesso / Ben Paulden Email: [email protected] Tel: +44 (0) 20 4551 7860 Shore Capital (Joint Corporate Broker) Anita Ghanekar / Sophie Collins (Corporate Advisory) Tel: +44 (0) 20 7408 4090 Fiona Conroy (Corporate Broking) J.P. Morgan Cazenove (Joint Corporate Broker) William Simmonds / Jérémie Birnbaum (Corporate Finance) Tel: +44 (0) 20 3493 8000 Burson Buchanan (Media Enquiries) Charles Ryland / Henry Wilson / Nick Croysdill Tel: +44 (0) 20 7466 5000 Email: [email protected] https://www.gsenergystoragefund.com
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