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SDCL Energy Efficiency Investments RNS Release

Interim Dividend Declaration


RNS Number : 0110Z
SDCL Energy Efficiency Income Tst
14 May 2019
 

14 May 2019

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

Interim Dividend Declaration

The Directors of SDCL Energy Efficiency Income Trust plc have declared that an interim dividend of 1.0 pence per Ordinary Share be paid to shareholders in respect of the period between IPO on 11 December 2018 and 31 March 2019, as follows:

Ex-Dividend Date:         23 May 2019

Record Date:                 24 May 2019

Payment Date:              28 June 2019

 

For Further Information

 

Sustainable Development Capital LLP

Jonathan Maxwell

Miles Alexander

Keith Driver

 

T: +44 (0) 20 7287 7700

 

Jefferies International Limited

Gary Gould

Tom Hovanessian

 

T: +44 (0) 20 7029 8000

 

TB Cardew

Ed Orlebar

Emma Crawshaw

T: +44 (0) 20 7930 0777

M: +44 (0) 7738 724 630

E: [email protected]

 

The Company's LEI is: 213800ZPSC7XUVD3NL94

 

 

About SEEIT

 

SDCL Energy Efficiency Income Trust plc is the first listed company of its kind to invest exclusively in the energy efficiency sector. Having raised £100 million gross proceeds in its London Stock Exchange IPO in December 2018, the Company acquired its seed portfolio later that month for a total cash commitment of £87 million. Examples of the projects in the seed portfolio include Combined Cooling/Heating and Power Plants at a Citi data centre and St Bartholomew's Hospital in London, as well as LED lighting projects for hundreds of Santander properties and over 100 NCP car parks in the UK. In addition, SEEIT announced on 7 March its first acquisition in the United States comprising a 71% interest in a high-quality portfolio of eight operating CHP projects for a total cash consideration of $5 million.

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.

 


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 [email protected] or visit www.rns.com.
 
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