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An update from Downing Renewables & Infrastructure Trust Plc ( (GB:DORE) ) is now available.
On December 16, 2024, Downing Renewables & Infrastructure Trust plc announced the purchase of 30,000 of its own ordinary shares at an average price of 77.00 pence per share, which will be held in Treasury. This transaction affects the voting rights within the company, leaving 171,437,889 shares available for voting. The announcement reinforces DORE’s financial maneuvers to manage its share capital effectively. Such repurchases can impact the company’s share value and are often viewed positively by stakeholders as a sign of confidence in the company’s financial health.
More about Downing Renewables & Infrastructure Trust Plc
DORE is a closed-end investment trust that focuses on providing investors with sustainable income and capital growth through renewable energy and infrastructure assets in the UK and Northern Europe. The company emphasizes sustainability, contributing to climate change mitigation and accelerating the transition to net zero. Managed by Downing LLP, an experienced investment manager with a strong track record in renewables, DORE aims to ensure revenue stability and consistent income for shareholders through a diversified strategy.
YTD Price Performance: -8.12%
Average Trading Volume: 422,437
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £132M
For a thorough assessment of DORE stock, go to TipRanks’ Stock Analysis page.
