Director/PDMR Shareholding

RNS Number : 7925O

SDCL Energy Efficiency Income Tst

03 February 2023

 

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

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMR")

In accordance with the requirements of UK Market Abuse Regulation ("MAR") Article 19, the Company announces that it was notified on 2 February 2023 that Jonathan Maxwell, CEO of Sustainable Development Capital LLP ("SDCL") and PDMR of SEEIT, purchased 20,000 Ordinary Shares, for a price of 93.3 pence per Ordinary Share.

Commenting on the transaction, Jonathan Maxwell said: "Amidst a global market backdrop of high energy prices, energy security concerns and a cost of living crisis, policymakers and corporates recognise that energy efficiency has never been more valuable. I have purchased shares in SEEIT because I strongly believe that the market price today does not reflect the value of the portfolio or its total return prospects".

1.	Details of PDMR / person closely associated with them
a)	Name	Jonathan Maxwell
2.	Reason for the notification
a)	Position / status	CEO of SDCL and PDMR of SEEIT
b)	Initial notification / amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	SDCL Energy Efficiency Income Trust plc
b)	LEI	213800ZPSC7XUVD3NL94
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument Identification Code	Ordinary Shares of £0.01 each ISIN: GB00BGHVZM47
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 93.3p 20,000
d)	Aggregated information	Price(s) Volume(s) N/A N/A
e)	Date of the transaction	2023-02-02
f)	Place of the transaction	London Stock Exchange (XLON)

For further information, please contact:

Sustainable Development Capital LLP Jonathan Maxwell Purvi Sapre Eugene Kinghorn Tom Hovanessian	T: [phone]
Jefferies International Limited Tom Yeadon Gaudi Le Roux	T: [phone]
TB Cardew Ed Orlebar Henry Crane	T: [phone] M: [phone] E:  [e-mail]

About SEEIT

SDCL Energy Efficiency Income Trust plc is a constituent of the FTSE 250 index. It was 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 an aggregate dividend of 6.00p per share in respect of the financial year to 31 March 2023. SEEIT's last published NAV was 106.1p per share as at 30 September 2022.

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, 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, Hong Kong and Singapore. SDCL is authorised and regulated in the UK by the Financial Conduct Authority.

Further information can be found on at   www.sdclgroup.com .

 

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