Energy efficiency trust SEEIT targets £150m IPO

Chaired by Tony Roper

Mike Sheen
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EEIT will seek to identify projects delivering lower cost, cleaner and more reliable energy solutions to end-users.
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EEIT will seek to identify projects delivering lower cost, cleaner and more reliable energy solutions to end-users.

An investment trust investing exclusively in the energy efficiency sector, managed by Sustainable Development Capital, has announced its intention to IPO in the coming weeks.

The energy efficiency trust named SEEIT is thought to be the first UK-listed investment company to invest exclusively in the energy efficiency sector. SEEIT is targeting a £150m fund raise from ordinary shares listed on the premium segment of the London Stock Exchange's main market. Why investment trusts must tread carefully when it comes to private investments The trust will target a total return of 7%-8% per annum, with a targeted initial dividend yield of 5%, rising to 5.5% in the year ending 31 March 2021 and a growing yield thereafter. Sustainable Development Capital (SDC) ...

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