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N+1 Singer: SDCL Energy Efficiency Income Trust (SEIT) – Proposed Placing to Raise c£100m
General/ 04 February 2021- Detail: “Placing of approximately 94.3 million New Ordinary Shares at 106.0 pence per New Ordinary Share… to raise approximately £100 million.” The Placing Price of 106.0 pence represents a 3.9 per cent premium to the 30 Sept 2020 NAV of 102.0 pence and a discount of 1.4 per cent to closing share price of 107.5 pence on 3 February 2021.
- Dividend: “Investors in the Placing will be entitled to receive the next quarterly dividend declared by the Company for the three-month period to 31 December 2020, which is expected to be declared in March 2021”;
- Timetable: Last date for applications under the placing 11 Feb, results announced 12 Feb