SDCL Efficiency Income Trust PLC
15 September 2026
15 September 2026
SDCL Efficiency Income Trust plc
("SEIT" or the "Company")
Result of Annual General Meeting ("AGM")
The Board of SDCL Efficiency Income Trust plc is pleased to announce that at the Company's Annual General Meeting held today, all resolutions were voted on by way of a poll and were duly passed by the Shareholders.
Resolutions 1 to 10 (inclusive) were proposed as ordinary resolutions and resolutions 11 and 12 were proposed as special resolutions.
The results of the poll were as follows:
|
Resolution |
Votes For* |
Votes Against |
Votes Withheld** |
Total Votes Cast as a % of Issued Share Capital |
|||
|
No. |
% |
No. |
% |
No. |
% |
||
|
1 |
To receive the 2026 annual report and accounts of the Company |
292,209,066 |
99.67% |
963,037 |
0.33% |
342,505 |
27.01% |
|
2 |
To approve the Directors' Remuneration Report |
283,567,247 |
96.79% |
9,412,032 |
3.21% |
535,329 |
26.99% |
|
3 |
To approve the Directors' Remuneration Policy |
283,341,635 |
96.71% |
9,632,643 |
3.29% |
540,330 |
26.99% |
|
4 |
To re-elect Tony Roper |
276,887,220 |
94.54% |
15,976,883 |
5.46% |
650,505 |
26.98% |
|
5 |
To re-elect Rosemary Boot |
277,770,681 |
94.85% |
15,093,422 |
5.15% |
650,505 |
26.98% |
|
6 |
To re-elect Helen Clarkson |
277,353,930 |
94.70% |
15,510,173 |
5.30% |
650,505 |
26.98% |
|
7 |
To re-elect Sarika Patel |
277,018,534 |
94.57% |
15,896,190 |
5.43% |
599,884 |
26.99% |
|
8 |
To reappoint PricewaterhouseCoopers LLP as auditor of the Company |
291,328,450 |
99.43% |
1,661,742 |
0.57% |
524,416 |
26.99% |
|
9 |
To authorise the Audit and Risk Committee to determine the remuneration of PricewaterhouseCoopers LLP |
291,453,675 |
99.46% |
1,596,782 |
0.54% |
464,151 |
27.00% |
|
10 |
To authorise the Directors to declare and pay all dividends of the Company as interim dividends |
292,491,546 |
99.71% |
862,326 |
0.29% |
160,736 |
27.03% |
|
11 |
To approve the purchase of the Company's own shares |
292,250,353 |
99.63% |
1,086,476 |
0.37% |
177,779 |
27.03% |
|
12 |
To approve that general meetings may be called on 14 days' notice |
257,804,129 |
87.95% |
35,334,300 |
12.05% |
376,179 |
27.01% |
* 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 September 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 Change
As previously announced, following the conclusion of the AGM held today, Christopher Knowles has stepped down as a Non-Executive Director of the Company. Rosemary Boot has succeeded Chris as Chair of the Remuneration Committee.
For Further Information
|
SDCL Efficiency Income Trust Tony Roper (Chair) |
Via Cardew Group |
|
Sustainable Development Capital LLP Jonathan Maxwell Eugene Kinghorn Ben Griffiths Tamsin Jordan
|
T: +44 (0) 20 7287 7700 |
|
Jefferies International Limited (Financial Adviser and Corporate Broker) Paul Bundred Gaudi Le Roux Harry Randall-Knowles
|
T: +44 (0) 20 7029 8000 |
|
Cardew Group Ed Orlebar Henry Crane |
T: +44 (0) 20 7930 0777 M: +44 (0) 7738 724 630 |
LEI: 213800ZPSC7XUVD3NL94
About SEIT
SDCL Efficiency Income Trust plc is a constituent of the FTSE 250 index and is currently pursuing a realisation of its portfolio in accordance with the revised investment policy approved by shareholders in July 2026. The Company's updated objective is to realise all assets in the Company's portfolio in an orderly manner which seeks to achieve a balance between returning cash promptly to Shareholders and maximising value.
SEIT 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.
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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