13 July 2021
GRESHAM HOUSE RENEWABLE ENERGY VCT 1 PLC
(the "Company")
Results of General Meeting
The Board of Gresham House Renewable Energy VCT 1 plc announces that, at the general meeting of the Company held earlier today, the proposed special resolution (the "Resolution") was approved by Shareholders.
As a result, the Company has entered a Managed Wind-Down (as defined and described in the circular to Shareholders dated 17 June 2021 (the "Circular")), the New Investment Policy has been adopted in substitution for the existing Investment Policy and, as further set out in the Circular, the Board will endeavour to realise the Company's investments in a manner that achieves a balance between maximising the net value received from those investments and making timely returns to Shareholders.
Defined terms have the meaning given to them in the Circular.
Details of the number of proxy votes cast for, against and withheld in respect of the Resolution (which was held on a poll) are set out below.
| Special Resolution | Votes For* | % | Votes Against | % | Total votes validly cast | Total votes cast as % of issued share capital | Vote Withheld ** |
| That the Company adopt the New Investment Policy, as set out in Part 2 of the Circular, in substitution for the existing Investment Policy (both as defined in the Circular) of the Company. | 4,788,697,726 | 89.43 | 565,739,679 | 10.57 | 5,354,437,405 | 20.95 | 0 |
* Includes discretionary votes
** A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution.
For further information, please contact:
| Gresham House Asset Management Limited | renewablevcts@greshamhouse.com |
| Investor Relations | Tel: 020 3875 9860 |
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| JTC (UK) Limited - Company Secretary | GreshamVCTs@jtcgroup.com |
| Ruth Wright | Tel: 0203 893 1011 |
| LEI: 213800IVQHJXUQBAAC06 |
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Notes:
In accordance with Listing Rule 9.6.2 copies of the resolution passed will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
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