TIDMSEIT

RNS Number : 1501P

SDCL Energy Efficiency Income Tst

15 February 2021

15 February 2021

SDCL Energy Efficiency Income Trust plc

(the "Company")

Admission of Shares and Total Voting Rights

Further to the announcement on 12th February 2021, the Company confirms that applications have been made for 150,943,396 of the New Ordinary Shares to be admitted to the Premium Listing segment of the Official List of the UK Financial Conduct Authority (the "FCA") and to trading on the London Stock Exchange's Main Market for listed securities ("Admission"). It is expected that Admission will take effect, and dealings in the Placing Shares will commence, at 8.00 a.m. (London time) on 16 February 2021.

Immediately following Admission, the Company will have 677,087,135 ordinary shares in issue and therefore the total voting rights in the Company will be 677,087,135. This figure may be used by shareholders as the denominator for the calculations by which they may determine whether or not they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Unless otherwise defined, capitalised terms used in this announcement shall have the same meaning as set out in the Prospectus published on 19 June 2020.

Dealing codes

 
 Ticker                                          SEIT 
 ISIN for the Ordinary Shares            GB00BGHVZM47 
 SEDOL for the Ordinary Shares                BGHVZM4 
 Legal Entity Identifier (LEI)   213800ZPSC7XUVD3NL94 
 

For Further Information

 
 Sustainable Development Capital   T: +44 (0) 20 7287 7700 
  LLP 
  Jonathan Maxwell 
  Eugene Kinghorn 
  Purvi Sapre 
  Keith Driver 
 Jefferies International Limited   T: +44 (0) 20 7029 8000 
  Tom Yeadon 
  Gaudi Le Roux 
  Neil Winward 
 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. Its projects are primarily located in the UK, Europe and North America and include, inter alia, a portfolio of cogeneration assets in Spain, a portfolio of recycled energy and cogeneration projects in the United States, a regulated gas distribution network in Sweden and, most recently, a portfolio of commercial and industrial solar and storage projects in the United States.

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 102.0p per share as at 30 September 2020.

Past performance cannot be relied on as a guide to future performance.

   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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February 15, 2021 09:39 ET (14:39 GMT)

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