SDCL Energy Efficiency Income Trust is planning to raise £75m through the issuance of new ordinary shares.
The placement will be conducted through a book-building process whereby investors are invited to communicate bids through multinational investment bank, Jefferies. According to the company, it is currently in "bilateral and "exclusive" negotiations regarding approximately £100m of investment in new opportunities and a pipeline worth £250m in due diligence. Investors participating in the placement will be paid dividends announced after the initial admission, starting with the fourth interim dividend for the year ending 31 March, which is set to be announced in May. SDCL Energy Effic...
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