SDCL Energy Efficiency Income Trust raises £250m in latest equity issue

Exceeded initial £175m target

Lauren Mason
clock • 2 min read
SEEIT, which floated in December 2018, now has a market cap of more than £1bn. Credit: BMW
Image:

SEEIT, which floated in December 2018, now has a market cap of more than £1bn. Credit: BMW

The SDCL Energy Efficiency Income Trust (SEEIT) has received £250m through the issuance of new ordinary shares, following its announcement earlier this month that it would look to raise additional capital.

The trust, which was initially targeting a raise of £175m through the issue of new ordinary shares, received "strong support from both retail and institutional investors", according to the board, as it...

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