REG - Downing Renew& Infra - Result of AGM

Downing Renewables & Infrastructure TrustAnnouncement

05/06/2025 14:45

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RNS Number : 6671L  Downing Renewables & Infrastructure  05 June 2025

5 June 2025

 

DOWNING RENEWABLES & INFRASTRUCTURE TRUST PLC

 

("DORE" or the "Company")

 

 

Annual General Meeting ("AGM") Results

 

The Company is pleased to announce at its AGM held on 5 June 2025 at the
offices of Downing LLP, 3rd Floor, 10 Lower Thames Street, London, EC3N 6AF
that all resolutions set out in the Notice of AGM were passed by the requisite
majority. Each of the resolutions put to the AGM were voted on by way of a
poll. The poll votes received in relation to these resolutions were as
follows:

 

 No.  Resolution                                                                   For                Against                  Votes Withheld    Total Issued Share Capital Instructed

      Number of shares                                                                         %      Number of shares  %      Number of shares  %
 1    To receive the annual report and financial statements                        94,570,753  99.99  5,725             0.01   64,314            55.59
 2    To receive and approve the Directors' Remuneration Report                    94,267,912  99.79  199,964           0.21   172,916           55.53
 3    To receive and approve the Directors' Renumeration Policy                    94,235,384  99.78  210,264           0.22   195,144           55.52
 4    To re-elect Hugh Little as a Director of the Company                         93,259,497  98.72  1,208,305         1.28   172,990           55.53
 5    To re-elect Joanna Holt as a Director of the Company                         92,374,010  97.78  2,093,792         2.22   172,990           55.53
 6    To re-elect Ashley Paxton as a Director of the Company                       93,242,963  98.70  1,224,839         1.30   172,990           55.53
 7    To elect Astrid Skarheim Onsum as a Director of the Company                  94,293,117  99.82  168,163           0.18   179,512           55.52
 8    To re-appoint BDO LLP as the Auditor                                         94,437,581  99.88  114,845           0.12   88,366            55.58
 9    To authorise the Directors to determine the Auditor's Remuneration           94,511,543  99.94  53,970            0.06   75,279            55.59
 10   To approve the Company's dividend payment policy                             94,615,485  99.98  19,492            0.02   5,815             55.63
 11*  To adopt the new Articles of Association                                     94,444,132  99.88  110,732           0.12   85,928            55.58
 12   To approve the continuation of the Company                                   84,081,122  88.85  10,553,855        11.15  5,815             55.63
 13   To adopt the amended investment policy                                       91,000,676  96.20  3,594,834         3.80   45,282            55.60
 14   To approve an authority to allot shares                                      87,977,848  93.01  6,613,901         6.99   49,043            55.60
 15   To approve an authority to allot shares for the purposes of acquisitions or  88,012,427  93.04  6,579,322         6.96   49,043            55.60
      specified capital investment
 16*  To approve an authority to disapply pre-emption rights                       86,937,966  91.93  7,631,990         8.07   70,836            55.59
 17*  To approve an authority to disapply pre-emption rights for the purposes of   87,042,061  92.03  7,537,895         7.97   60,836            55.59
      acquisitions or specified capital investment
 18*  To approve an authority to purchase the Company's own shares                 94,533,926  99.94  59,119            0.06   47,747            55.60
 19*  To permit the holding of General Meetings at 14 days' notice.                94,388,689  99.80  193,361           0.20   58,742            55.60
 *special resolution

 

A copy of Resolution 11 and Resolutions 14 to 19 will be submitted to the
National Storage Mechanism and will shortly be available for viewing at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)

 

LEI Number: 2138004JHBJ7RHDYDR62

 

Contact details:

 

 Downing LLP - Investment Manager to the Company                     +44 (0)20 3954 9908

 Tom Williams

 Singer Capital Markets - Joint Corporate Broker                     +44 (0)20 7496 3000

 Alaina Wong, Jalini Kalaravy (Investment Banking)

 Sam Greatrex, Alan Geeves, James Waterlow, William Gumpel (Sales)

 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 the Company                 +44 (0)20 7930 0777

 Tania Wild                                                          +44 (0)7425 536 903

 Liam Kilne                                                          +44 (0)7827 103 429

                                                                     DORE@tbcardew.com (mailto:DORE@tbcardew.com)

 

 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'.

 

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

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