SDCL Energy Efficiency Income Tst Acquisition completion (2561D)
October 27 2020 - 02:00AM
UK Regulatory
TIDMSEIT
RNS Number : 2561D
SDCL Energy Efficiency Income Tst
27 October 2020
27 October 2020
SDCL Energy Efficiency Income Trust plc
("SEEIT" or the "Company")
Acquisition completion
Further to the announcement on 19 October, SEEIT confirms it has
completed the acquisition of a 100% interest in Värtan Gas
Stockholm AB, the ultimate owner of the established, operational
and regulated gas distribution network for Stockholm , Sweden.
For Further Information
Sustainable Development Capital T: +44 (0) 20 7287 7700
LLP
Jonathan Maxwell
Purvi Sapre
Eugene Kinghorn
Keith Driver
Jefferies International Limited T: +44 (0) 20 7029 8000
Tom Yeadon
Gaudi le Roux
TB Cardew T: +44 (0) 20 7930 0777
Ed Orlebar M: +44 (0) 7738 724 630
Joe McGregor E: SEEIT@tbcardew.com
About SEEIT
SDCL Energy Efficiency Income Trust plc is the first UK listed
company of its kind to invest exclusively in the energy efficiency
sector. Since IPO, SEEIT has now made nine investments and
commitments in a diversified portfolio of distributed generation
and energy efficiency projects totalling c.GBP500 million. The
projects are primarily located in the UK, Europe and North America
in broadly equal proportions and include, inter alia, a portfolio
of cogeneration assets in Spain, a portfolio of recycled energy and
cogeneration projects in the United States and, most recently,
investments and commitments in operational and construction assets
in the UK and Singapore.
The Company aims to deliver shareholders value through its
investment in a diversified portfolio of energy efficiency projects
which are driven by the opportunity to deliver lower cost, cleaner
and more reliable energy solutions to end users of energy.
The Company is targeting an attractive total return for
shareholders of 7-8 per cent. per annum (net of fees and expenses
and by reference to the initial issue price of GBP1.00 per Ordinary
Share), with a stable dividend income, capital preservation and the
opportunity for capital growth. The Company is targeting a dividend
of 5.5p per share in respect of the financial year to 31 March
2021. SEEIT's last published NAV was 101.0p per share as at 31
March 2020.
Further information can be found on the Company's website at
www.seeitplc.com .
Investment Manager
SEEIT's investment manager is Sustainable Development Capital
LLP ("SDCL"), an investment firm established in 2007, with a proven
track record of investment in energy efficiency and decentralised
generation projects in the UK, Continental Europe, North America
and Asia.
SDCL is headquartered in London and also operates worldwide from
offices in New York, Dublin, Madrid, Hong Kong and Singapore. SDCL
is authorised and regulated in the UK by the Financial Conduct
Authority.
Further information can be found on at www.sdclgroup.com .
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END
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