– UK, London – SDCL Energy Efficiency Income Trust plc (LON: SEIT) today announced the appointment of Sarika Patel to its Board as an Independent Non-Executive Director, effective from 1 January 2022.
Sarika will take on the role of the chair of the Audit & Risk Committee.
About Sarika Patel
Sarika brings significant international financial experience to the Board. She has worked as a senior corporate finance professional at Zeus Caps (a principal investment and advisory platform focused on infrastructure and related sectors operating in India, Europe, and the Middle East) and Grant Thornton.
Sarika is a Chartered Accountant, a Chartered Marketer, and has a post-graduate diploma in Managing E-Business from the University of Paisley, a Bachelor in Law, and a Bachelor of Commerce from the University of Bombay.
Sarika is currently a non-executive director and chair of the audit committee of Aberdeen Standard Equity Income Trust plc, a non-executive director of Sequoia Economic Infrastructure Income Fund Limited (SEQI.LN), and a non-executive Director and Chair of the audit committee of Foresight Sustainable Forestry Company plc (FSF: LN). She is also a board member of the Office for Nuclear Regulation, where she chairs the audit and risk committee, and chair of Action for Children, one of the UK’s leading charities for children. She has a strong focus on Governance and Risk Management and has led reviews on strategic programs as well on organizational governance and risk matters.
About SEEIT
SDCL Energy Efficiency Income Trust plc is a constituent of the FTSE 250 index. It is the first UK-listed company of its kind to invest exclusively in the energy efficiency sector. Its projects are primarily located in the UK, Europe and North America 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 and a district energy system providing essential and efficient utility services on one of the largest business parks in the United States.
The Company aims to deliver shareholders value through its investment in a diversified portfolio of energy efficiency projects which are driven by the opportunity to deliver lower cost, cleaner, and more reliable energy solutions to end-users of energy.
The Company is targeting an attractive total return for shareholders of 7-8 percent. per annum (net of fees and expenses and by reference to the initial issue price of £1.00 per Ordinary Share), with a stable dividend income, capital preservation, and the opportunity for capital growth. The Company is targeting a dividend of 5.62p per share in respect of the financial year to 31 March 2022. SEEIT’s last published NAV was 102.5p per share as of 31 March 2021. Past performance cannot be relied on as a guide to future performance.
For more information : https://www.seeitplc.com/
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