SDCL Energy Efficiency Placing Raises GBP72 Million To Fund Pipeline (ALLISS)

LONDON (Alliance News) - SDCL Energy Efficiency Income Trust on Tuesday said it has raised GBP72.0 million in a share placing for new acquisitions.

SDCL placed 71.3 million shares at a price of 101.0 pence per share. Shares closed down 0.5% at 101.50 pence on Tuesday.

Tony Roper, chair of SDCL, said: "The proceeds raised will enable us to fund specific acquisition opportunities under advanced negotiation to diversify and expand the existing portfolio and reflects [SDCL Energy Efficiency's] strong momentum since its IPO in December."