Result of General Meeting and Directorate Changes

SDCL Efficiency Income Trust PLC

15 October 2026

 

15 October 2026

SDCL Efficiency Income Trust plc

(“SEIT” or the “Company”)

Result of General Meeting and Directorate Changes

The Board of SDCL Efficiency Income Trust plc is pleased to announce that at the Company's General Meeting held today, all resolutions were duly passed by Shareholders. 

Resolutions 1 and 2 were each proposed as ordinary resolutions and the results of the poll were as follows:

Resolution		Votes For*		Votes Against		Total votes validly cast	Total votes cast as % of issued share capital	Votes Withheld**
		No.	%	No.	%			No.
1	To appoint Boaz Weinstein as a non-executive Director with immediate effect	388,812,136	84.25	72,701,391	15.75	461,513,527	42.52	37,002,780
2	To appoint Richard Pavry as a non-executive Director with immediate effect	389,402,625	84.36	72,177,038	15.64	461,579,663	42.53	36,936,644

* Includes discretionary votes

** A vote withheld is not a vote in law and is not counted in the calculation of the votes for or against a resolution

At 15 October 2026, the issued share capital of the Company consisted of 1,085,419,558 Ordinary Shares with voting rights. The Company does not hold any shares in treasury

Directorate Changes

Following the General Meeting held earlier today, the Board is pleased to announce the appointment of Boaz Weinstein and Richard Pavry as non-executive Directors of the Company with effect from 15 October 2026.  Mr Weinstein and Mr Pavry are nominees of the Company’s two largest investors, Saba Capital Management, L.P. and General Atlantic SD (Bermuda), L.P., respectively.  Both Boaz and Richard have been appointed as members of the Company’s Audit and Risk Committee.

Boaz Weinstein is the Founder and Chief Investment Officer of Saba Capital Management, L.P., a New York-based Registered Investment Advisor managing US$6.8 billion in credit, arbitrage, and activist strategies. He founded Saba in 2009 as a lift-out of the Deutsche Bank proprietary trading group he started in 1998.

Richard Pavry is the founder and former CEO of Devon Equity Management Limited, an FCA regulated investment manager and also serves as independent non-executive chair of Arcus Fund SICAV, a Luxembourg UCITS umbrella fund. His previous directorships include Atlantis Japan Growth Fund Limited, Jupiter Second Split Trust plc and River Global plc.

There is no further information to be disclosed under UK Listing Rule 6.4.8R.

For Further Information

SDCL Efficiency Income Trust Tony Roper (Chair)	Via Cardew Group
Sustainable Development Capital LLP Eugene Kinghorn Ben Griffiths Tamsin Jordan	T: [phone]
Jefferies International Limited (Financial Adviser and Corporate Broker) Paul Bundred Gaudi Le Roux Harry Randall-Knowles	T: [phone]
Cardew Group Ed Orlebar Henry Crane	T: [phone] M: [phone] E: [e-mail]

LEI: 213800ZPSC7XUVD3NL94

About SEIT

SDCL 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 North America, the UK and Europe 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, a portfolio of on-site energy recycling, cogeneration and process efficiency projects, servicing the largest steel blast furnace in the United States 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.

Past performance cannot be relied on as a guide to future performance.

Further information can be found on the Company's website at www.seitplc.com.

Investment Manager

SEIT'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 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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