SDCL Energy Efficiency Income Tst Admission of Shares and Total Voting Rights (1501P)
February 15 2021 - 9:39AM
UK Regulatory
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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