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Gresham House (GRID) Share News

IN BRIEF: Gresham House Energy Storage Fund announces share buyback

2nd Feb 2024 08:37

Gresham House Energy Storage Fund PLC - fund which invests for income from utility-scale battery energy storage systems - Announces start of share buyback programme for up to 14.99% of shares, which the firm intends to review "on an ongoing basis". The maximum price payable per share, Gresham says, will not exceed the higher of "105% of the average market value of the company's shares for the five business days immediately preceding the day on which such share is contracted to be purchased; or the higher of the price of the last independent trade and the highest current independent bid on the London Stock Exchange". Read More

Gresham House Energy favours buyback over payout; commissioning slow

1st Feb 2024 11:08

(Alliance News) - Gresham House Energy Storage Fund PLC on Thursday said it decided against declaring a dividend for the fourth quarter of 2023 as it continued to be hurt by a weak revenue environment. Read More

LONDON BRIEFING: Shell profit falls; announces USD3.5 billion buyback

1st Feb 2024 07:42

(Alliance News) - Stocks in London are set to follow New York into the red, after the US Federal Reserve quashed hopes of a March cut to interest rates and ahead of the Bank of England interest rate decision. Read More

IN BRIEF: Gresham House Energy Storage happy with new UK grid platform

15th Dec 2023 12:37

Gresham House Energy Storage Fund PLC - invests for income from utility-scale battery energy storage systems; managed by Gresham House - Predicts more revenue opportunities for its battery assets from the launch by the UK power grid operator of the new Open Balance Platform and Bulk Dispatch Optimiser. The investment fund says the National Grid Electricity System Operator has started to trade battery energy storage systems in the Balancing Mechanism. "It is too early to point to the specific revenue impact, but the initial indications are positive and, based on provisional data, are expected to lead to increased revenue opportunities for our assets," the company says, adding it will add more of its assets into the Balancing Mechanism in December and in the first quarter of next year. Read More

IN BRIEF: Gresham House Energy Storage energises West Didsbury project

21st Nov 2023 11:02

(Alliance News) - Gresham House Energy Storage Fund PLC on Tuesday said it has successfully energised its West Didsbury project near Manchester, England. Read More

Gresham House Energy net assets down on weaker trading

27th Sep 2023 11:05

(Alliance News) - Gresham House Energy Storage Fund PLC on Wednesday reported a negative net asset value total return in the first half of the year due to lower demand and unsteady prices. Read More

LONDON BRIEFING: Flutter buys MaxBet stake; LandSec sees strong demand

27th Sep 2023 07:47

(Alliance News) - Stocks in London are set to open lower on Wednesday as investors remained in a risk-off mood amid the prospect of interest rates staying higher for longer in the US. Read More

Gresham House Energy Storage optimistic despite net asset value fall

7th Sep 2023 14:07

(Alliance News) - Gresham House Energy Storage Fund PLC on Thursday reported a lower net asset value but touted optimism in its outlook and raised its dividend. Read More

UPDATE: Gresham House backs GBP470 million takeover from Searchlight

17th Jul 2023 17:44

(Alliance News) - Gresham House Energy Storage Fund PLC on Monday noted that Gresham House PLC has agreed to be taken over by Searchlight Capital Partners LP. Read More

UK shareholder meetings calendar - next 7 days

22nd Jun 2023 15:44

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IN BRIEF: Gresham House Energy Storage raises funds for Project Iliad

25th May 2023 10:33

Gresham House Energy Storage Fund PLC - London-based specialist alternative asset manager - Raises GBP50 million through issue of 32 million new ordinary shares at 155.5 pence each. Says funds raised will be used towards its Project Iliad acquisition, a 160 megawatts solar battery energy storage project in California. Read More

UK shareholder meetings calendar - next 7 days

23rd May 2023 15:46

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IN BRIEF: Gresham House Energy Storage sets GBP80 million fundraise

18th May 2023 11:33

Gresham House Energy Storage Fund PLC - London-based specialist alternative asset manager - Aims to raise approximately GBP80 million through a share placing and retail offer to fund its Project Iliad acquisition, a 160 megawatts solar battery energy storage project in California. Up to 54.1 million new shares, 10% of the company's current total, will be sold at a fixed price of 155.5 pence per share. Placing will be run by investment bank Jeffries International Ltd. Size of retail offer will be capped at the sterling equivalent of EUR8 million. Read More

Gresham House Energy Storage grows portfolio as NAV per share improves

12th May 2023 16:11

(Alliance News) Gresham House Energy Storage Fund PLC said on Friday that its portfolio has grown over the first quarter of 2023, as it reported an increased net asset value per share. Read More

Gresham House Energy NAV per share grows; maintains dividend

6th Apr 2023 09:26

(Alliance News) - Gresham House Energy Storage Fund PLC said on Thursday a stronger net asset value per share for 2022, building on its "strong track record". Read More

Gresham House Energy Storage Fund sees 2022 NAV per share improvement

13th Mar 2023 10:41

(Alliance News) - Gresham House Energy Storage Fund PLC on Monday said it improved its net asset value per share in 2022 and expects further improvement in the first quarter of 2023. Read More

LONDON BRIEFING: HSBC buys UK arm of failed Silicon Valley Bank

13th Mar 2023 07:54

(Alliance News) - The FTSE 100 was called down on Monday morning, as the fall out from the collapse of Silicon Valley Bank continues, with HSBC Holdings stepping in to buy SVB's UK arm. Read More

IN BRIEF: Gresham House Energy Storage Fund wins accordion extension

3rd Nov 2022 11:52

Gresham House Energy Storage Fund PLC - London-based battery storage fund - Secures GBP155 million of incremental term debt through an accordion arrangement under its existing senior debt facilities secured in September 2021. The interest rate remains unchanged at 300 basis points over the sterling overnight index average. Term of the debt facility is extended by two years. Says it will be used to fund its near-term pipeline. Read More

DIRECTOR DEALINGS: IPP Chair Mike Gerrard buys shares worth GBP74,986

28th Sep 2022 22:11

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and not separately reported by Alliance News: Read More

Gresham House net asset value rises on UK investment in renewables

27th Sep 2022 11:08

(Alliance News) - Gresham House Energy Storage Fund PLC on Tuesday reported a higher net asset value, touting investments in battery energy storage systems, or BESS. Read More

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