30 October 2024
Downing Renewables & Infrastructure Trust plc
(the "Company" or "DORE")
Transaction in Own Shares
The Company announces that on 30 October 2024 it purchased 30,000 Ordinary shares of 1 penny each at an average price of 83.3333 pence per share. The highest price paid was 84.00 pence per share and the lowest price paid was 82.00 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 12,343,377 shares are held in Treasury. Therefore, the total number of shares in circulation which hold voting rights in the Company is 172,279,110 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
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
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 |
| | |
| Neil Morgan (Corporate Finance) Darren Willis, Andrew Marshall (Sales) | |
| | |
| TB Cardew - Public relations advisor to the Company
Tania Wild Henry Crane
| +44 (0)20 7930 0777
+44 (0)7425 536 903 +44 (0)7918 207157 |
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