19th Jun 2020 13:53
Gore Street Energy Storage Fund PLC - invests in utility-scale energy storage projects - JXTG Nippon Oil & Energy Corp subscribes for 3.0 million shares at 96.1 pence, worth GBP2.9 million. Gore Street notes that JXTG is the largest petroleum company in Japan, and its investment is part of a strategy to reduce the carbon footprint from its electricity business. Via the PrimaryBid platform, Gore Street offers retail investors to buy shares at the same price, which is equal to its last published net asset value as of December 31. Noting reports that NEC Energy Solutions Inc intends to wind down operations, says this is not expected to have any impact on Gore Street, as NEC is committed to finishing projects under development. Declares 1.0 pence interim dividend and will pay 7.0p for the full year that ended March 31.
Current stock price: 97.50p
Year-to-date change: up 1.0%
By Tom Waite; [email protected]
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