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SDCL Energy Effcncy. (SEIT)

SDCL Energy Effcncy.

Notice of AGM
RNS Number : 1828S
SDCL Energy Efficiency Income Tst
07 July 2020
 

07 July 2020

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

Notice of AGM

SDCL Energy Efficiency Income Trust plc announces that the Annual General Meeting (AGM) will be held on 31 July 2020 at 9.30am at Herbert Smith Freehills LLP, 12 Primrose Street, Exchange Square, City of London, EC2A 2EG.

The Notice of the 2020 Annual General Meeting and Proxy form have been posted to shareholders today and are available at http://www.sdcleeit.com/reports-publications.

They have also been submitted to the National Storage Mechanism and will shortly be available for inspection at:   https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

Impact of COVID-19 for the AGM

 

The COVID-19 pandemic will affect the format of the Company's AGM this year and our priority is to ensure the health and wellbeing of all stakeholders. We recognise the current UK Government guidance designed to mitigate the spread of COVID-19, specifically relating to the avoidance of public gatherings and travel restrictions (the "COVID-19 Measures"). We intend to hold the AGM in full compliance with the COVID-19 Measures and as there are currently still restrictive measures with regards to social distancing in place, shareholders will not be permitted to attend the AGM in person this year. In the event that the COVID-19 Measures are relaxed to permit such gatherings at the time of the AGM, the Company will make an announcement to this effect by RNS. The AGM will be functional in format and attended only by those necessary to form the quorum, which will be facilitated by the Company.

Request not to attend in person/submitting questions

 

Given these circumstances, shareholders are strongly encouraged to exercise their votes by submitting their proxy electronically or by post. A proxy form has been provided to enable you to vote in respect of the Resolutions in accordance with the instructions and return it to Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol, BS99 6ZY, United Kingdom, as soon as possible and in any event so that it is received no later than 9.30am on Wednesday 29 July 2020.

As an alternative to completing the hard-copy proxy form, you can appoint a proxy electronically by visiting www.eproxyappointment.com. You will be asked to enter the Control Number, the Shareholder Reference Number (SRN) and PIN and agree to certain terms and conditions. These details can be found on the form of proxy. Members may also appoint a proxy through the CREST electronic proxy appointment service as described in note 14 of this notice.

The Board understands that beyond voting on the formal business of the meeting, the AGM also serves as a forum for shareholders to raise questions and comments to the Board. Therefore, registered shareholders and their corporate representatives or proxies are invited to ask any questions of the board by submitting questions by email. We will aim to respond to all questions submitted in this way. Shareholders may submit questions by email to SEEIT@sannegroup.com. Please ensure that all questions are submitted no later than 09:30am on Wednesday 29 July 2020.

For Further Information

 

Sustainable Development Capital LLP

Jonathan Maxwell

Eugene Kinghorn

Keith Driver

 

T: +44 (0) 20 7287 7700

 

Jefferies International Limited

Tom Yeadon

Gaudi le Roux

 

T: +44 (0) 20 7029 8000

 

TB Cardew

Ed Orlebar

Joe McGregor

T: +44 (0) 20 7930 0777

M: +44 (0) 7738 724 630

E: SEEIT@tbcardew.com

 

 

About SEEIT

 

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 at IPO, the Company has announced investment in a 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 primarily allocated across the UK, Europe and North America in broadly equal proportions.

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 £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 5.5p 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.sdcleeit.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 the group also operates worldwide from offices in New York, Dublin, Hong Kong 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 rns@lseg.com or visit www.rns.com.
 
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NOASSUFAMESSESW
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