Appointment of Non-Executive Director

RNS Number : 8144C
SDCL Energy Efficiency Income Tst
21 October 2020
 

21 October 2020

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 Emma Griffin as a fourth independent Non-Executive Director of the Company, with effect from 21 October 2020.

Emma is an experienced director with existing positions on the Boards of both UK FTSE100 and North American companies. She has broad capital markets and significant international investment expertise, gained as both an executive and non-executive director. From 2002 to 2013 Emma was a founding partner of Oriel Securities, which was sold to Stifel Corporation, and in her early career she worked for HSBC James Capel and Schroders.

As well as being appointed to the SEEIT Board, it is intended that Emma will take on the Chair of the SEEIT Remuneration Committee.

Emma currently serves as a non-executive director of St James's Place plc and of IA Financial Group (listed on the TSX in Canada). Emma was previously a non-executive director of AIMIA Inc (listed on the TSX in Canada).

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: +44 (0) 20 7287 7700

 

Jefferies International Limited

Tom Yeadon

Gaudi le Roux

 

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 UK listed company of its kind to invest exclusively in the energy efficiency sector. Since IPO, SEEIT has now made nine investments and commitments in a diversified portfolio of distributed generation and energy efficiency projects totalling c.£500 million. The projects are primarily located in the UK, Europe and North America in broadly equal proportions and include, inter alia, a portfolio of cogeneration assets in Spain, a portfolio of recycled energy and cogeneration projects in the United States and, most recently, investments and commitments in operational and construction assets in the UK and Singapore.

 

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 5.5p per share in respect of the financial year to 31 March 2021. SEEIT's last published NAV was 101.0p per share as at 31 March 2020.

 

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 .

 

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
BOAEAFEFALKEFFA
UK 100

Latest directors dealings