PLUS1
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Downing Renewables & Infrastructure Trust Plc | LSE:DORE | London | Ordinary Share | GB00BLF7PP25 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.0% | 112.00 | 111.00 | 112.00 | 10,675 | 08:22:28 |
| Industry Sector | Turnover (m) | Profit (m) | EPS - Basic | PE Ratio | Market Cap (m) |
|---|---|---|---|---|---|
| Equity Investment Instruments | 5.0 | 2.8 | 2.6 | 43.1 | 153 |
Downing Renewables & Infrastructure Trust Raises More Than Expected in Discounted Placing
23/06/2022 9:26am
Dow Jones News
Downing Renewables & Inf... (LSE:DORE)
Historical Stock Chart
From May 2022 to Jun 2022
By Kyle Morris
Downing Renewables & Infrastructure Trust PLC said Thursday that it has raised around 52.9 million pounds ($64.9 million) via a discounted share-placing, an open offer and a subscription, beating its expectation.
The U.K.-based trust said the proceeds will be used to repay its revolving credit facility and to invest in its pipeline of near-term opportunities.
The company said it received applications for 47.6 million shares at a price of 111 pence apiece, exceeding the target size of the initial issue.
On June 7, the company said it planned to raise around GBP50 million via a discounted share-placing, an open offer and a subscription.
Shares in Downing Renewables & Infrastructure Trust at 0734 GMT were down 1.00 pence, or 0.9%, at 110.50 pence.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
June 23, 2022 04:11 ET (08:11 GMT)
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