REG - Downing Renew& Infra - Transaction in Own Shares

Downing Renewables & Infrastructure TrustAnnouncement

22/03/2024 17:45

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RNS Number : 0425I  Downing Renewables & Infrastructure  22 March 2024

22 March 2024

 

Downing Renewables & Infrastructure Trust plc

(the "Company" or "DORE")

 

Transaction in Own Shares

 

The Company announces that on 22 March 2024 it purchased 48,378 Ordinary
shares of 1 penny each at an average price of 79.78 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 6,222,741 shares are held in Treasury.
Therefore, the total number of shares in circulation which hold voting rights
in the Company is 178,399,746 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 (http://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
(http://www.downing.co.uk/)

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

 Robert Peel, 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

 Ed Orlebar                                                          +44 (0)7738 724 630 /

 Tania Wild                                                          +44 (0)7425 536 903

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

 

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