Gore Street Energy Storage Fund raises £60 million
Gore Street, London’s first listed energy storage close-ended fund supporting the transition to low carbon power, has successfully raised gross proceeds of £60 million by way of an Initial Placing, Offer for Subscription and Intermediaries Offer.
The issue was significantly oversubscribed.
The net proceeds of the Initial Issue will be used to acquire new projects in Gore Street’s pipeline and/or to fund capital expenditure requirements of investments in the fund’s existing portfolio.
Having worked with the Company on the design and production of their annual report which posted to shareholders in July, the Perivan shareholder communications team were delighted to work with Shore Capital who acted as Sponsor, Joint Bookrunner and Intermediaries Offer Adviser on the successful publication of the 133-page prospectus.
Perivan specialise in the design, production and publication of financial documents relating to shareholder and investor communications for quoted companies, private companies and open and closed-ended funds