In QuotedData’s morning briefing 4 January 2021 –
- SDCL Energy Efficiency Income (SEIT) announced the acquisition of an additional 15% interest in Primary Energy, a portfolio of recycled energy and cogeneration projects located in Indiana, USA, from a consortium led by Fortistar LLC for a cash consideration of approximately $36m. SEIT acquired an initial 50% interest in Primary Energy in February 2020. Following this acquisition, SEIT’s interest in Primary Energy is now 65%. SEIT has also agreed terms under which it could increase its stake and further enhance returns for shareholders. The 298MW portfolio consists of five operating projects which generate low-cost, efficient energy with substantial environmental benefits via three recycled energy projects, one natural gas combined heat and power project and a 50% interest in an industrial process efficiency project.
- Further to the announcement on 22 December 2020, which stated that KKV Secured Loan Fund (KKVL) would not publish its results for the year-ended 30 June 2020 by 31 December 2020, the latest date permitted for publication of the 2020 results under the Financial Conduct Authority’s disclosure guidance and transparency rules (as modified by the temporary relief granted to all listed companies by the FCA on 26 March 2020), KKVL has requested that the listing of the company’s ordinary shares and C shares be temporarily suspended with effect from 7.30 a.m. on 4 January 2021 until the publication of the 2020 results. KKVL intends to request restoration of its listing on publication of the 2020 results. KKVL says the annual results will be published by no later than 31 January 2021.