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12 Sep 2019 13:00
12 September 2019
SDCL Energy Efficiency Income Trust plc("SEEIT" or the "Company")Result of Annual General Meeting (the ''AGM'')
The Board of SEEIT is pleased to announce the results of the resolutions put to shareholders at the Annual General Meeting held on 11 September 2019 at 2.00pm at Herbert Smith Freehills LLP, 12 Primrose Street, Exchange Square, City of London, EC2A 2EG.
The notice of the AGM and proposed agenda and resolutions were circulated to shareholders and announced to the market on 09 August 2019.
Total votes of 121,799,095 were cast at the AGM representing 71% of shares in issue.
All votes cast were in favour and as a result each of the resolutions proposed at the AGM were approved by shareholders.
ORDINARY RESOLUTIONS | FOR | AGAINST | WITHHELD | ||
No. | Description | Votes | Votes | Votes | % Votes Cast |
1 | RECEIVE ANNUAL ACCOUNTS | 121,799,095 | 0 | 0 | 100.00 |
2 | DIRECTORS' REMUNERATION | 121,799,095 | 0 | 0 | 100.00 |
3 | REMUNERATION POLICY | 121,799,095 | 0 | 0 | 100.00 |
4 | RE-APPOINT AUDITOR | 121,799,095 | 0 | 0 | 100.00 |
5 | AUDITOR'S REMUNERATION | 121,799,095 | 0 | 0 | 100.00 |
6 | RE-ELECT T ROPER | 121,799,095 | 0 | 0 | 100.00 |
7 | RE-ELECT H CLARKSON | 121,799,095 | 0 | 0 | 100.00 |
8 | RE-ELECT C KNOWLES | 121,799,095 | 0 | 0 | 100.00 |
9 | APPROVE DIVIDEND POLICY | 121,799,095 | 0 | 0 | 100.00 |
10 | ELECTRONIC COMMUNICATIONS | 121,799,095 | 0 | 0 | 100.00 |
11 | MARKET PURCHASE OF SHARES | 121,799,095 | 0 | 0 | 100.00 |
12 | 14 DAYS' NOTICE FOR GMS | 121,799,095 | 0 | 0 | 100.00 |
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 resolutions passed at the AGM may be found in the Notice of AGM published on 09 August 2019 available from the National Storage Mechanism at http://www.morningstar.co.uk/uk/NSM.
For Further Information
Sustainable Development Capital LLP Jonathan Maxwell Miles Alexander Keith Driver
| T: +44 (0) 20 7287 7700
|
Jefferies International Limited Gary Gould David Watkins Tom Hovanessian
| 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, SEEIT has announced investment in a diversified portfolio of energy efficiency 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 in its IPO prospectus, as well as an additional investment in a portfolio of energy efficiency projects in the United States.
SEEIT 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.
SEEIT 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.
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 and Singapore. SDCL is authorised and regulated in the UK by the Financial Conduct Authority.
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