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 Jonathan Maxwell Eugene Kinghorn Ben Griffiths Tamsin Jordan
| T: +44 (0) 20 3874 1460 |
| Jefferies International Limited Tom Yeadon Gaudi Le Roux
| T: +44 (0) 20 7029 8000
|
| Cardew Group Ed Orlebar Henry Crane Liam Kline | T: +44 (0) 20 7930 0777 M: +44 (0) 7738 724 630 E: 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.
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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