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SDCL ENERGY EFFICIENCY INCOME TRUST PLC

(SEIT)
  Report
Delayed London Stock Exchange  -  11:35 2022-11-25 am EST
105.60 GBX   -0.38%
11/23SDCL Energy signs deal to finance energy efficiency solutions in US
AN
09/07SDCL Energy Efficiency Income Trust Upsizes Planned Share Offering to $155 Million
MT
09/01SDCL Energy Efficiency Income Trust Plans $116 Million Raising to Fund Investments
MT
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SDCL Energy Efficiency Income Trust to Seek Acquisitions

09/01/2022 | 02:00am EST

SDCL Energy Efficiency Income Trust Plc (LSE:SEIT) will look for acquisitions. The Board of Directors (the "Board") of SDCL Energy Efficiency Income Trust plc announces a proposed Placing to raise approximately £100 million through an issue of new ordinary shares in the capital of the Company ("NewOrdinaryShares") (the "Placing") at a price expected to be in the range of 113 pence to 117 pence per New Ordinary Share (the "Placing Price"). The Company continues to see a number of 'organic' investment opportunities to make further or follow-on investments into projects or frameworks within its existing portfolio as well as specific asset management initiatives at an individual project level.

In addition to this, the Company has a broader pipeline of new investment opportunities that it is currently reviewing. Taken together the Company has a 12 month pipeline of potential investments totaling over £400 million, which includes over £175 million of organic follow-on opportunities and the remainder being new acquisition opportunities in various stages of due diligence. The Company will not acquire all of these opportunities; however, it requires new funding in order to continue discussions with vendors, complete its due diligence on the assets and agree appropriate terms. The size of these investments varies, with all the assets being in technologies, sectors, geographies and with return profiles that are consistent with the Company's Investment Policy.

The Company has established a proven track record of sourcing assets in advance of a fundraise. Accordingly, the Company is seeking to raise approximately £100 million to enable it to continue to diligence and acquire its current pipeline of opportunities over the next few months while maintaining an appropriate capital structure. The Company intends to fully invest the net proceeds of the Placing within the next 3-6 months.


ę S&P Capital IQ 2022
All news about SDCL ENERGY EFFICIENCY INCOME TRUST PLC
11/23SDCL Energy signs deal to finance energy efficiency solutions in US
AN
09/07SDCL Energy Efficiency Income Trust Upsizes Planned Share Offering to $155 Million
MT
09/01SDCL Energy Efficiency Income Trust Plans $116 Million Raising to Fund Investments
MT
09/01SDCL Energy Efficiency Income Trust to Seek Acquisitions
CI
08/24SDCL Energy Efficiency Income Trust Plc Announces the First Quarterly Interim Dividend ..
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08/16SDCL Energy Efficiency Income Trust Invests $100 Million on Energy Storage Projects
MT
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DJ
07/12United Utilities To Divest Renewable Energy Unit To SDCL For $119 Million
MT
07/12SDCL Energy Efficiency Income Trust Plc Targets Dividend for the Financial Year to Marc..
CI
06/30SDCL Energy Efficiency Income Trust's FY22 Profit Doubles On Higher Investment Income
MT
More news
Financials
Sales 2022 88,8 M 107 M 107 M
Net income 2022 79,8 M 96,4 M 96,4 M
Net cash 2022 146 M 177 M 177 M
P/E ratio 2022 11,7x
Yield 2022 4,78%
Capitalization 1 171 M 1 415 M 1 415 M
EV / Sales 2021 16,8x
EV / Sales 2022 11,5x
Nbr of Employees -
Free-Float 97,6%
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Number of Analysts 2
Last Close Price 1,06
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Spread / Average Target -
Managers and Directors
Jonathan Marc Maxwell Chief Executive Officer
Eugene Kinghorn Group Chief Financial Officer
Anthony Charles Roper Independent Non-Executive Chairman
Ben Story Group Chief Operating Officer
Miles Barrington Alexander Director-Asset Management
Sector and Competitors