21 August 2024
Downing
Renewables & Infrastructure Trust plc
(the
"Company" or "DORE")
Transaction in Own Shares
The Company announces that on 21
August 2024 it purchased 50,000 Ordinary shares of 1 penny each at
an average price of 77.56 pence per share. The highest price paid was 77.60 pence per share and the
lowest price paid was 77.50 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 10,077,737 shares are held in Treasury. Therefore,
the total number of shares in circulation which hold voting rights
in the Company is 174,544,750 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 £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
|
+44 (0)20 3954 9908
|
Singer Capital Markets -
Joint Corporate Broker
Robert Peel, Alaina Wong, Jalini
Kalaravy (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
|
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Neil Morgan (Corporate
Finance)
Darren Willis, Andrew Marshall
(Sales)
|
|
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TB Cardew - Public relations advisor to the Company
Ed Orlebar
Tania Wild
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+44 (0)20 7930 0777
+44 (0)7738 724 630 /
+44 (0)7425 536 903
DORE@tbcardew.com
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