24 Nov 2020 07:00
24 November 2020
SDCL Energy Efficiency Income Trust plc
("SEEIT" or the "Company")Interim Dividend Declaration
SDCL Energy Efficiency Income Trust plc is pleased to announce the second quarterly interim dividend in respect of the three month period ended 30 September 2020 of 1.375 pence per Ordinary Share. The shares will go ex-dividend on 3 December 2020 and the dividend will be paid on 18 December 2020 to shareholders on the register as at the close of business on 4 December 2020.
The Company intends to announce its Interim Results for the six months ended 30 September 2020 on 8 December 2020.
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For Further Information
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Sustainable Development Capital LLP Jonathan Maxwell Eugene Kinghorn Purvi Sapre Keith Driver Β | T: +44 (0) 20 7287 7700 Β |
Jefferies International Limited Tom Yeadon Gaudi le Roux Β | T: +44 (0) 20 7029 8000 Β |
TB Cardew Ed Orlebar Joe McGregor | T: +44 (0) 20 7930 0777 E: SEEIT@tbcardew.com |
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About SEEIT
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SDCL Energy Efficiency Income Trust plcΒ is the firstΒ UKΒ listed company of its kind to invest exclusively in the energy efficiency sector. Since IPO, SEEIT has now made nine investments and commitments in a diversified portfolio of distributed generation and energy efficiency projects totalling c.Β£500 million. The projects are primarily located in theΒ UK,Β EuropeΒ andΒ North AmericaΒ in broadly equal proportions and include, inter alia, a portfolio of cogeneration assets inΒ Spain, a portfolio of recycled energy and cogeneration projects inΒ the United StatesΒ and, most recently, investments and commitments in operational and construction assets in theΒ UK, SwedenΒ andΒ Singapore.
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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.
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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 ofΒ Β£1.00Β 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 toΒ 31 March 2021. SEEIT's last published NAV was 101.0p per share as atΒ 31 March 2020.
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Further information can be found on the Company's website atΒ www.seeitplc.com.
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Investment Manager
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SEEIT's investment manager isΒ Sustainable Development Capital LLPΒ ("SDCL"), an investment firm established in 2007, with a proven track record of investment in energy efficiency and decentralised generation projects in theΒ UK, Continental Europe,Β North AmericaΒ andΒ Asia.
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SDCL is headquartered inΒ LondonΒ and also operates worldwide from offices inΒ New York,Β Dublin,Β Madrid,Β Hong KongΒ andΒ Singapore. SDCL is authorised and regulated in theΒ UKΒ by the Financial Conduct Authority.
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Further information can be found on atΒ www.sdclgroup.com.
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