Notice of AGM

RNS Number : 2833F

SDCL Energy Efficiency Income Tst

16 July 2021

 

16 July 2021

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

Notice of AGM

SDCL Energy Efficiency Income Trust plc announces that the Annual General Meeting ("AGM") will be held on 10 August 2021 at 2.00 pm BST at 5^th Floor, 1 Vine Street, London, W1J0AH.

The Notice of the 2021 Annual General Meeting and Proxy form have been posted to shareholders today and are available at www.seeitplc.com/investors/#latestPublication .

They have also been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Impact of COVID-19 uncertainty on the AGM

Despite recent announcements by the UK government that the majority of COVID-19 restrictions on travelling and gatherings will come to an end on 19 July 2021, the Board considers that there remains a degree of uncertainty around the relaxation of restrictions and what this means for the holding of general meetings going forward. In addition, it remains the Board's priority to ensure the health and wellbeing of all stakeholders during these uncertain times and given that restrictions may be tightened at relatively short notice, recognise this may prevent Shareholders from attending the AGM. Accordingly, the Board strongly encourages Shareholders not to attend the AGM in person, and strongly encourages all Shareholders to vote on the resolutions to be proposed at the AGM. The Board expects that the AGM will be functional in format, attended only by those necessary to form a quorum, which will be facilitated by the Company.

Request not to attend in person and process for submitting questions

Given these circumstances, shareholders are strongly encouraged to exercise their votes by submitting their proxy electronically or by post. A proxy form has been provided to enable you to vote in respect of the Resolutions in accordance with the instructions and return it to Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol, BS99 6ZY, United Kingdom, as soon as possible and in any event so that it is received no later than 2.00 pm BST on Friday, 6 August 2021.

As an alternative to completing the hard-copy proxy form, you can appoint a proxy electronically by visiting www.eproxyappointment.com. You will be asked to enter the Control Number, the Shareholder Reference Number and PIN and agree to certain terms and conditions. These details can be found on the form of proxy. Members may also appoint a proxy through the CREST electronic proxy appointment service as described in note 14 of the Notice to the AGM.

The Board understands that beyond voting on the formal business of the meeting, the AGM also serves as a forum for Shareholders to raise questions and comments to the Board. Therefore, registered Shareholders and their corporate representatives or proxies are invited to ask any questions of the Board by submitting questions by email. We will aim to respond to all questions submitted in this way. Shareholders may submit questions by email to [e-mail] . Please ensure that all questions are submitted no later than 2.00 pm BST on Friday, 6 August 2021.

For Further Information

Sustainable Development Capital LLP Jonathan Maxwell 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 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 on at www.sdclgroup.com .

 

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