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LONDON - Gore Street Energy Storage Fund PLC (GSF), a London-based energy storage fund, has announced a restructuring within its investment management group, effective today. The Financial Conduct Authority (FCA) has granted approval to Gore Street Investment Management Limited (GSIM), a wholly-owned subsidiary of Gore Street Capital Limited (GSC), to manage unauthorised Alternative Investment Funds (AIFs).
Consequent to the FCA’s approval, the Company’s alternative investment fund management agreement (AIFM Agreement) has been officially transferred from GSC to GSIM. This novation ensures that all rights and obligations previously held by GSC under the AIFM Agreement are now assumed by GSIM. The terms of the agreement, including fee structures and notice periods, will remain unchanged.
Additionally, the Depositary Agreement involving the Company, GSC, and INDOS Financial Limited has also been novated, with GSIM replacing GSC. All conditions of this agreement will also stay intact.
Gore Street’s operational strategy continues to focus on providing shareholders with sustainable returns through a diversified portfolio of utility-scale energy storage projects. The fund is committed to supporting the low-carbon transition and aims to deliver consistent dividends to its shareholders.
The restructuring is part of the fund’s efforts to streamline its management operations and enhance its corporate governance framework.
This announcement is based on a press release statement from Gore Street Energy Storage Fund PLC.
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