Shore Capital acts as Sole Broker and Financial Adviser on £23.7m placing and subscription for Gore Street Energy Storage Fund
Gore Street Energy Storage Fund (“Gore Street”), a listed energy storage fund providing shareholders with a significant opportunity to invest in a diversified portfolio of utility scale energy storage projects, has successfully raised £23.7m via the placing of new ordinary shares, with Shore Capital acting as the company’s Sole Broker and Financial Adviser.
The net proceeds of the placing will be used to fund investment opportunities from the Investment Adviser's considerable pipeline of 150 MW of energy storage projects under exclusivity, in accordance with Gore Street’s investment policy and return profile.
Gore Street now has a threefold growth in available capital since IPO.
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Shore Capital +44 (0) 20 7408 4090
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Adele Gilbert: +44 (0)74 8477 8331
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About Shore Capital
We are an independent securities business offering institutional and corporate clients leading investment banking, research, sales and trading services, including fixed income. We are represented across the UK enabling extensive distribution and institutional coverage. This distribution capability is complemented by our experienced corporate advisory and broking team who offer discreet, innovative and valued advice to companies on both the Main Market and AIM. Shore Capital is also the 3rd largest market maker by number of AIM stocks covered.
Our cross-disciplinary team has deep, market leading experience in a wide range of small and mid-cap UK companies within the following sectors: Consumer, Financials, Healthcare, Insurance, Natural Resources, Real Estate, Support Services, Technology and Media. Our research on over 250 companies is distributed to an extensive institutional client base in the UK, Europe and US.
Shore Capital is a trading name of both Shore Capital Stockbrokers Limited and Shore Capital and Corporate Limited.