Downing Renewables & Infrastructure Transaction in Own Shares

RNS Number : 4286H

Downing Renewables & Infrastructure

08 October 2024

 

8 October 2024

 

Downing Renewables & Infrastructure Trust plc

(the "Company" or "DORE")

 

Transaction in Own Shares

 

The Company announces that on 8 October 2024 it purchased 25,000 Ordinary shares of 1 penny each at an average price of 85.80 pence per share. The shares will be held in Treasury.

 

Following this transaction, the Company's issued ordinary share capital consists of 184,622,487 shares of which 11,993,377 shares are held in Treasury. Therefore, the total number of shares in circulation which hold voting rights in the Company is 172,629,110 Ordinary shares of 1 penny each. Each share has the right to one vote.

 

The above total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

 

LEI Number: 2138004JHBJ7RHDYDR62

For further information, please contact: Link Company Matters Limited, [phone]

           

Name of authorised official of issuer responsible for making notification: Link Company Matters Limited, Company Secretary

 

About DORE

 

DORE is a closed-end investment trust that aims to provide investors with an attractive and sustainable level of income, with an element of capital growth, by investing in a diversified portfolio of renewable energy and infrastructure assets in the UK and Northern Europe. DORE has been awarded the London Stock Exchange's Green Economy Mark in recognition of its contribution to the global 'Green Economy' and also in 2022 DORE won 'Renewables Fund of the Year' at the Sustainable Investment Awards.

 

The Board classifies DORE as a sustainable fund with a core objective of accelerating the transition to net zero through its investments, compiling and operating a diversified portfolio of renewable energy and infrastructure assets to help facilitate the transition to a more sustainable future. The Company believes that this directly contributes to climate change mitigation.

 

DORE's strategy, which focuses on diversification by geography, technology, revenue and project stage, is designed to increase the stability of revenues and the consistency of income to shareholders. For further details please visit www.doretrust.com 

 

About Downing LLP

Downing is a responsible investment manager established in London in 1986. We currently manage £1.9 billion of assets under a broad range of investment mandates across our funds, investment trusts and tax-efficient products. As a certified B Corporation, we are focussed on creating a sustainable future, our key investment areas are renewable energy, infrastructure, property and healthcare.

 

Downing has c.60 professionals dedicated to renewable energy and infrastructure and a proven track record in renewables. Since 2010, Downing has made more than 175 investments and has c.£795 million of assets under management in solar, wind, hydro and battery storage technology.

 

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States

 

For further details please visit www.downing.co.uk

Contact details:

Downing LLP - Investment Manager to the Company   Tom Williams	[phone]
Singer Capital Markets - Joint Corporate Broker   Robert Peel, Alaina Wong, Jalini Kalaravy (Investment Banking) Sam Greatrex, Alan Geeves, James Waterlow, William Gumpel (Sales)	[phone]
Winterflood Securities Limited - Joint Corporate Broker	[phone]
Neil Morgan (Corporate Finance) Darren Willis, Andrew Marshall (Sales)
TB Cardew - Public relations advisor to the Company   Tania Wild Henry Crane	[phone]   [phone] [phone] [e-mail]

 

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