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LONDON - Gore Street Energy Storage Fund plc (LSE:GSF) acknowledged Thursday it has received a requisition notice from RM Funds requesting a General Meeting to consider changes to the company’s Board of Directors.
The London-listed energy storage fund said it is currently verifying the validity of the requisition and evaluating its content. The Board stated it is committed to acting in the best interests of all shareholders.
"The Board firmly believes in the strength of the Company and its governance and will continue to focus on delivering positive total shareholder returns for all its investors," the company said in a press release statement.
No details were provided about the specific changes to the Board composition proposed by RM Funds. The company advised shareholders to take no action at this stage.
Gore Street Energy Storage Fund, which describes itself as London’s first listed and internationally diversified energy storage fund, said it will make a further announcement in due course regarding the requisition.
The fund focuses on providing shareholders with returns from investments in utility-scale energy storage projects as part of the low-carbon transition, while aiming to deliver dividend yield as income distributions.
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