Appointment of Non-Executive Director

RNS Number : 6012V

SDCL Energy Efficiency Income Tst

14 December 2021

 

14 December 2021

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

Appointment of Non-Executive Director

The Board of Directors of SEEIT is pleased to announce the appointment of Sarika Patel as an independent Non-Executive Director of the Company, with effect from 1 January 2022.

As well as being appointed to the SEEIT Board, Sarika will take on the role of the chair of the Audit & Risk Committee, with Helen Clarkson continuing in her role as Non-Executive Director of the Company and taking on the role as chair of the Management Engagement Committee (all effective from 1 January 2022).

Sarika brings significant international financial experience to the Board. She has worked as a senior corporate finance professional at Zeus Caps (a principal investment and advisory platform focused on infrastructure and related sectors operating in India, Europe and the Middle East) and Grant Thornton. Sarika is a Chartered Accountant, a Chartered Marketer and has a post graduate diploma in Managing E-Business from the University of Paisley, a Bachelor in Law and a Bachelor of Commerce from the University of Bombay.

Sarika is currently a non-executive director and chair of the audit committee of Aberdeen Standard Equity Income Trust plc (ASEI), a non-executive director of Sequoia Economic Infrastructure Income Fund Limited (SEQI.LN) and a non-executive Director and chair of audit committee of Foresight Sustainable Forestry Company plc (FSF:LN). She is also a board member of the Office for Nuclear Regulation, where she chairs the audit and risk committee, and chair of Action for Children, one of the UK's leading charities for children. She has a strong focus on Governance and Risk Management and has led reviews on strategic programmes as well on organisational governance and risk matters.

There is no further information to be disclosed under Listing Rule 9.6.13R.

For Further Information

Sustainable Development Capital LLP Jonathan Maxwell Purvi Sapre Eugene Kinghorn Keith Driver	T: [phone]
Jefferies International Limited Tom Yeadon Gaudi le Roux	T: [phone]
TB Cardew Ed Orlebar Joe McGregor	T: [phone] M: [phone] E: [e-mail]

About SEEIT

SDCL Energy Efficiency Income Trust plc is a constituent of the FTSE 250 index. It 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 commercial and industrial solar and storage projects in the United States, a regulated gas distribution network in Sweden and a district energy system providing essential and efficient utility services on one of the largest business parks 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 £1.00 per Ordinary Share), with a stable dividend income, capital preservation and the opportunity for capital growth. The Company is targeting a dividend of 5.62p per share in respect of the financial year to 31 March 2022. SEEIT's last published NAV was 102.5p per share as at 31 March 2021. 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 at   www.sdclgroup.com .

 

END

 

 

BOADZMMZGDVGMZM