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DORE Acquires 250,000 Shares for Treasury

Story Highlights
  • DORE invests in renewable energy and infrastructure assets in the UK and Northern Europe.
  • DORE purchased 250,000 shares to hold in treasury, affecting share capital and voting rights.
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DORE Acquires 250,000 Shares for Treasury

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Downing Renewables & Infrastructure Trust Plc ( (GB:DORE) ) has shared an update.

Downing Renewables & Infrastructure Trust plc announced the purchase of 250,000 of its own ordinary shares at an average price of 81.69 pence per share, which will be held in treasury. This transaction affects the company’s share capital, leaving 170,311,600 ordinary shares in circulation with voting rights. This move may impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.

More about Downing Renewables & Infrastructure Trust Plc

Downing Renewables & Infrastructure Trust plc (DORE) is a closed-end investment trust that invests in a diversified portfolio of renewable energy and infrastructure assets in the UK and Northern Europe. The company aims to provide investors with sustainable income and capital growth, contributing to the global ‘Green Economy’. Managed by Downing LLP, DORE focuses on accelerating the transition to net zero through its investments.

YTD Price Performance: 9.42%

Average Trading Volume: 184,074

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £139.5M

For an in-depth examination of DORE stock, go to TipRanks’ Stock Analysis page.

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