REG - SDCL Efficiency Inc. - Result of AGM

SDCL Efficiency Income TrustAnnouncement

03/09/2025 17:00

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RNS Number : 8995X  SDCL Efficiency Income Trust PLC   03 September 2025

3 September 2025

SDCL Efficiency Income Trust plc

("SEIT" or the "Company")

 

Results of Annual General Meeting ("AGM")

 

The Board of SEIT is pleased to announce that at the Company's AGM held today,
all resolutions were duly passed by the Shareholders.

Resolutions 1 to 12 (inclusive) were proposed as ordinary resolutions and
resolutions 13 to 15 (inclusive) were proposed as special resolutions.

The results of the proxy votes received in relation to the resolutions were as
follows:

 Ordinary Resolution                                                                   Votes For*           Votes Against       Votes Withheld**  Issued Share Capital Voted
             No.                                                                       %            No.     %          No.      %
 1           To receive the 2025 annual report and accounts of the Company             481,772,527  99.95%  241,986    0.05%    251,732           44.41%
 2           To approve the Directors' Remuneration Report                             480,469,286  99.69%  1,477,115  0.31%    319,844           44.40%
 3           To approve the Directors' Remuneration Policy                             480,218,759  99.66%  1,640,370  0.34%    407,116           44.39%
 4           To re-elect Tony Roper                                                    465,303,569  98.08%  9,122,294  1.92%    7,840,381         43.71%
 5           To re-elect Helen Clarkson                                                468,567,849  98.77%  5,858,015  1.23%    7,840,381         43.71%
 6           To re-elect Christopher Knowles                                           468,613,202  98.79%  5,752,662  1.21%    7,900,381         43.70%
 7           To re-elect Sarika Patel                                                  468,242,168  98.70%  6,184,384  1.30%    7,839,693         43.71%
 8           To elect Rosemary Boot                                                    473,162,362  99.71%  1,385,405  0.29%    7,718,478         43.72%
 9           To reappoint PricewaterhouseCoopers LLP as auditor of the Company         465,598,409  99.80%  954,476    0.20%    15,713,360        42.98%
 10          To authorise the Directors to determine the remuneration of Deloitte LLP  481,391,009  99.91%  442,390    0.09%    432,846           44.39%
 11          To approve the dividend policy                                            481,657,597  99.92%  371,493    0.08%    237,155           44.41%
 12          To approve the allotment of shares                                        480,259,250  99.64%  1,727,759  0.36%    279,236           44.41%
 13          To approve the dis-application of pre-emption rights                      478,146,214  99.39%  2,921,896  0.61%    1,198,135         44.32%
 14          To approve the purchase of the Company's own shares                       481,608,559  99.90%  462,188    0.10%    195,498           44.41%
 15          To approve that general meetings may be called on 14 days' notice         480,427,121  99.68%  1,547,854  0.32%    291,270           44.40%

 

* 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 2 September 2025, the issued share capital of the Company consisted of
1,085,419,558 Ordinary Shares with voting rights. This excludes shares held in
Treasury.

For Further Information

  Sustainable Development Capital LLP   T: +44 (0) 20 3874 1460

 Jonathan Maxwell

 Eugene Kinghorn

 Ben Griffiths

 Tamsin Jordan

 Jefferies International Limited        T: +44 (0) 20 7029 8000

 Tom Yeadon

 Gaudi Le Roux

 Cardew Group                           T: +44 (0) 20 7930 0777

 Ed Orlebar                             E: SEIT@cardewgroup.com (mailto:SEIT@cardewgroup.com)

 Henry Crane                            M: +44 (0) 7738 724 630

 Liam Kline                             E: henry.crane@cardewgroup.com (mailto:henry.crane@cardewgroup.com)

                                        M: +44 (0) 7827 130 429

                                        E: liam.kline@cardewgroup.com

 

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.

The Company is targeting an attractive total return for shareholders with a
stable dividend income, capital preservation and the opportunity for capital
growth. The Company is targeting a dividend of 6.36p per share in respect of
the financial year to 31 March 2026. SEIT's last published NAV was 90.6p per
share as at 31 March 2025.

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
(http://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
(http://www.sdclgroup.com/) .

 

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