SDCL Energy Efficiency Income Trust Plc (LSE:SEIT) commences share repurchases on April 5, 2023, under the program mandated by the shareholders in the Annual General Meeting held on September 12, 2022. As per the mandate, the company is authorized to repurchase up to 148,444,171 shares, representing 14.99% of its issued share capital. The minimum price which may be paid for each ordinary share is £0.01 pence and the maximum price which may be paid for each ordinary share is the higher of an amount equal to 105% of the average of the middle market quotations for an ordinary share, as derived from the London Stock Exchange Daily Official List, for the five business days immediately preceding the day on which the ordinary share is purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. Any shares purchased under this authority may either be cancelled or held as treasury shares. The authority shall expire at the end of the company's annual general meeting to be held in 2023, unless previously renewed, varied or revoked by the Company in a general meeting, or by December 31, 2023.

On April 3, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to £20 million worth of its shares. The share repurchase program will be funded from the company's surplus liquidity and operating cash flows from the portfolio.