REG - Downing Renew& Infra - Transaction in Own Shares

Downing Renewables & Infrastructure TrustAnnouncement

14/02/2025 17:45

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RNS Number : 2514X  Downing Renewables & Infrastructure  14 February 2025

14 February 2025

 

Downing Renewables & Infrastructure Trust plc

(the "Company" or "DORE")

 

Transaction in Own Shares

 

The Company announces that on 14 February 2025 it purchased 47,402 Ordinary
shares of 1 penny each at an average price of 86.2578 pence per share. The
highest price paid was 86.30 pence per share and the lowest price paid was
86.227 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 13,538,711 shares are held in
Treasury. Therefore, the total number of shares in circulation which hold
voting rights in the Company is 171,083,776 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: MUFG Corporate Governance Limited,
+44 (0)7596 599436

 

Name of authorised official of issuer responsible for making notification:
MUFG Corporate Governance 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

The Company is managed by Downing LLP, an established Investment Manager with
over 30 years' experience and a considerable track record in the core
renewables space. Downing is authorised and regulated by the FCA and, as at 30
June 2024, had over £2.0 billion of assets under management.

 

The Investment Manager has over 230 employees and partners. The team of over
49 investment and asset management specialists who focus exclusively on energy
and infrastructure assets is supported by business operations, IT systems
specialists, legal, HR and regulatory and compliance professionals.

 

The Investment Manager is responsible for the day-to-day management of the
Company's investment portfolio in accordance with the Company's Investment
Objective and policy, subject to the overall supervision of the DORE Board.

 

The Investment Manager has managed investments across various sectors in the
UK and internationally and identified the Energy & Infrastructure sector
as a core area of focus from as early as 2010. Since then, it has made over
190 investments in renewable energy infrastructure projects and currently
oversees 640 MWp of electricity generating capacity, covering seven
technologies across c.13,470 installations.

 

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

 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

 Henry Crane                                                         +44 (0)7918 207157

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

 

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