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SDCL Energy Effcncy. (SEIT)

SDCL Energy Effcncy.

Result of Extraordinary General Meeting
RNS Number : 6264G
SDCL Energy Efficiency Income Tst
18 March 2020

18 March 2020

SDCL Energy Efficiency Income Trust plc
("SEEIT" or the "Company")

Result of Extraordinary General Meeting (the ''EGM'')

The Board of SEEIT is pleased to announce the result of the resolution put to shareholders at the Extraordinary General Meeting held on 18 March 2020 at 10.00am at Herbert Smith Freehills LLP, 12 Primrose Street, Exchange Square, City of London, EC2A 2EG.

The notice of the EGM and proposed agenda and resolution were circulated to shareholders and announced to the market on 28 February 2019.

Total votes of 268,751,125 were cast at the EGM representing 84% of shares in issue. Over 99% of all votes cast were in favour and as a result the single resolution proposed at the EGM was approved by shareholders.

The results of the voting are noted as follows:










% Votes Cast








A copy of this announcement will be available on the Company's website and, in accordance with Listing Rule 9.6.2, the full text of the resolution passed at the EGM may be found in the Notice of EGM published on 28 February 2020 available from the National Storage Mechanism at

For Further Information


Sustainable Development Capital LLP

Jonathan Maxwell

Eugene Kinghorn

Keith Driver


T: +44 (0) 20 7287 7700


Jefferies International Limited

Gary Gould

Tom Yeadon

Gaudi Le Roux


T: +44 (0) 20 7029 8000


TB Cardew

Ed Orlebar

Lucas Bramwell

T: +44 (0) 20 7930 0777

M: +44 (0) 7738 724 630




About the Company


SDCL Energy Efficiency Income Trust plc is the first listed company of its kind to invest exclusively in the energy efficiency sector. Examples of the projects in the portfolio include combined cooling/heating and power plants, as well as Energy Efficiency Projects in the UK and the US. Since acquisition of its seed portfolio following its IPO, the Company has announced further investments in a number of diversified portfolio of energy efficiency assets, including a portfolio of rooftop solar photovoltaic projects for Tesco in the UK and a portfolio of cogeneration assets in north east United States, which were identified as pipeline projects in its IPO prospectus, as well as an additional investment in a portfolio of energy efficiency loans in the United States, a  portfolio of cogeneration assets in Spain and a portfolio of recycled energy and cogeneration projects in the United States .


The Company's total assets are currently allocated across the UK, Europe and North America in broadly equal proportions.


The Company aims to deliver shareholders value through its investments 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 Placing price of £1.00 per Ordinary Share), with a stable dividend income, capital preservation and the opportunity for capital growth. The Company is targeting a dividend of 5.0p per share in respect of the current financial year to 31 March 2020 and 5.5p per share in respect of the next financial year to 31 March 2021.


Further information can be found on the Company's website at


Investment Manager


The Company'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 the group also operates worldwide from offices in New York, Dublin and Singapore. SDCL is authorised and regulated in the UK by the Financial Conduct Authority.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit
Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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