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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October 27, 2020 03:00 ET (07:00 GMT)

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