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The latest announcement is out from Downing Renewables & Infrastructure Trust Plc ( (GB:DORE) ).
Downing Renewables & Infrastructure Trust Plc has repurchased 100,000 ordinary shares at an average price of 83.61 pence each, holding them in treasury. This transaction leaves the company with 170,953,776 voting shares in circulation. The move is part of DORE’s broader strategy of managing its share capital and supporting shareholder value. The company’s focus on renewable energy and infrastructure assets aligns with its commitment to the green economy and sustainable investment, potentially enhancing its industry standing and stakeholder confidence.
More about Downing Renewables & Infrastructure Trust Plc
Downing Renewables & Infrastructure Trust Plc (DORE) is a closed-end investment trust focused on investing in renewable energy and infrastructure assets in the UK and Northern Europe. It aims to provide sustainable income and capital growth, contributing to climate change mitigation. DORE is recognized for its efforts in the green economy, having received the London Stock Exchange’s Green Economy Mark and winning the ‘Renewables Fund of the Year’ at the Sustainable Investment Awards. Managed by Downing LLP, an established investment manager with significant expertise in the renewables sector, DORE’s strategy emphasizes diversification by geography, technology, revenue, and project stages to ensure stable revenues and consistent income for shareholders.
YTD Price Performance: 9.87%
Average Trading Volume: 261,796
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £145.8M
For an in-depth examination of DORE stock, go to TipRanks’ Stock Analysis page.
