Gore Street Energy Storage Fund PLC Quarterly Net Asset Value Uplift (8798L)
September 11 2019 - 2:01AM
UK Regulatory
TIDMGSF
RNS Number : 8798L
Gore Street Energy Storage Fund PLC
11 September 2019
11 September 2019
Gore Street Energy Storage Fund plc ("GSF" or the "Company")
Quarterly Net Asset Value Uplift
Gore Street, London's first listed energy storage fund investing
in assets in the UK, Ireland and Internationally is pleased to
announce further good progress has been achieved which is reflected
in an increase in its net asset value ("NAV"). As at 30 June 2019,
the unaudited estimated Net Asset Value (NAV) per ordinary share
had increased noticeably to 93.6 pence per share, a 1.85% uplift
from the previous quarterly NAV of 91.9 pence per share.
GSF has continued to grow and as of June 2019, the Company was
reporting on six assets representing a total of 129.0 MW.
Encouragingly, the Company has achieved further significant growth
during Q1 2019, when GSF completed the acquisition of two
additional sites with a total capacity of 100.0MW in Ireland. The
Company expects these two new sites in Northern Ireland to be
operational in Q1 2021.
The Legal Entity Identifier of the Company is
213800GPUNVGG81G4O21.
For further information:
Gore Street Capital Limited
Alex O'Cinneide Tel: +44 (0) 20 3826 0290
Shore Capital
Daniel Harris / Hugo Masefield (Corporate Finance) Tel: +44 (0) 20 7601 6128
Henry Willcocks / Fiona Conroy (Corporate Broking)
Media enquiries:
Buchanan
Charles Ryland / Steph Watson / Henry Wilson Tel: +44 (0) 20 7466 5000
Email: Gorestreet@buchanan.uk.com
JTC (UK) Limited, Company Secretary Tel: +44 (0) 20 7409 0181
Notes to Editors
About Gore Street Energy Storage Fund plc
Gore Street is London's first listed energy storage fund and
seeks to provide shareholders with a significant opportunity to
invest in a diversified portfolio of utility scale energy storage
projects. In addition to growth through exploiting its considerable
pipeline, the Company aims to deliver consistent and robust
dividend yield as income distributions to its shareholders.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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