Downing Renewables & Infrastructure Transaction in Own Shares (5263X)
December 20 2023 - 12:26PM
UK Regulatory
TIDMDORE
RNS Number : 5263X
Downing Renewables & Infrastructure
20 December 2023
20 December 2023
Downing Renewables & Infrastructure Trust plc
(the "Company" or "DORE")
Transaction in Own Shares
The Company announces that on 20 December 2023 it purchased
50,000 Ordinary shares of 1 penny each at an average price of 85.25
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 4,127,863 shares
are held in Treasury. Therefore, the total number of shares in
circulation which hold voting rights in the Company is 180,494,624
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, +44 (0)7596 599436
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 GBP1.8 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.GBP795 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 +44 (0)20 3954 9908
Singer Capital Markets - Sponsor, Joint
Corporate Broker
Robert Peel, Alaina Wong, Alex Emslie (Investment
Banking)
Sam Greatrex, Alan Geeves, James Waterlow,
William Gumpel (Sales) +44 (0)20 7496 3000
Winterflood Securities Limited - Joint
Corporate Broker +44 (0)20 3100 0000
Neil Morgan (Corporate Finance)
Darren Willis, Andrew Marshall (Sales)
TB Cardew - Public relations advisor to +44 (0)20 7930 0777
the Company
+44 (0)7738 724 630
Ed Orlebar /
Tania Wild +44 (0)7425 536 903
DORE@tbcardew.com
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END
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