London Stock Exchange welcomes Downing Renewables & Infrastructure Trust plc to the Premium Segment of the Main Market

London Stock Exchange welcomes Downing Renewables & Infrastructure Trust plc (DORE) to celebrate the listing of DORE’s public shares on the premium segment of the main market. DORE also today celebrates the awarding of the Green Economy Mark, as a recognition from the London Stock Exchange that it is a company that derives 50% or more of their revenues from green activities. The Ordinary Shares will trade under the ticker DORE. Ordinary Shares with a market cap of £122.5 million have been admitted today.

In a time when the government has set the mandate for net-zero carbon emissions by 2050 and recently published “The Ten Point Plan for a Green Industrial Revolution”, DORE is a renewable energy and infrastructure trust that is supporting the important focus for a greener future, while also seeking to deliver stable and sustainable returns to its investors.  

DORE’s investment strategy is underpinned by diversification of technology, geography and project stage with a diversified portfolio of renewable energy generating assets and other infrastructure assets in the UK, Ireland and Northern Europe. This has been designed to increase the stability of revenues and reduce seasonal variability and enhance returns by investing in assets that are in construction or are construction ready.

Downing LLP (Downing) have been appointed as fund manager to DORE and have over a decade’s track record deploying capital and delivering exits in the renewables space. Committed to ESG investing, Downing is also a signatory of Principles for Responsible Investment (PRI).  Their team include an in-house asset management team comprising technical and commercial specialists who are responsible for protecting and adding value throughout an asset's lifecycle.

Tom Williams, Partner, Head of Energy and Infrastructure at Downing LLP, said: “We are very pleased to be listing DORE on the Main Market of the London Stock Exchange today. Renewable energy generation must play the critical role in the UK and Europe’s efforts to decarbonise. The capital we have raised from both institutional and retail investors will be invested in a diverse portfolio of high-quality assets that contribute to those efforts, while aiming to deliver attractive returns to shareholders.”

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
118.09
Listing/Admission to trading
10 Dec 2020
Looking for new and recent issues?

More recent

108.44
London Stock Exchange welcomes the Rt Hon John Glen, Economic Secretary to the Treasury, celebrating HM Treasury UK Sovereign Sukuk

The UK Government today celebrated the listing of its second sovereign Sukuk on London Stock Exchange. The 5-year offering was for £500 million, more than double the size of the UK Government’s debut issuance and the largest sterling Sukuk issuance to date. The UK’s second Sukuk saw strong investor participation, with demand from a diverse group of high-quality institutional investors from the

Learn more
97.84
London Stock Exchange welcomes Cornerstone FS plc to AIM

The Ordinary Shares of Cornerstone FS plc were admitted to trading at 8.00am on Tuesday 6 April 2021, under the stock market ticker CSFS. The placing price was 61p per share, resulting in a market capitalisation of £12.4 million.

Cornerstone FS plc, is a cloud-based provider of international payment, currency risk management and electronic account services to SMEs. Its strategy is to

Learn more
133.2
London Stock Exchange welcomes Deliveroo Holdings plc to the Main Market

Today, the online food delivery platform Deliveroo has made a significant step in the execution of its ambitious growth plans as it begins trading on the Main Market of London Stock Exchange, having raised net proceeds of around £1.5bn. Deliveroo’s admission is the biggest in London since 2011 and the largest UK technology listing of all time.

Founded in 2013 by Will Shu, Deliver

Learn more
77.64
London Stock Exchange welcomes Digital 9 Infrastructure plc to the Specialist Fund Segment of the Main Market

London Stock Exchange welcomed Digital 9 Infrastructure plc to the Specialist Fund Segment of the Main Market today, after it raised gross proceeds of £300 million in its Initial Public Offering.

Digital 9 Infrastructure plc (DGI9) is a newly established, externally managed investment trust. It will invest in a range of digital infrastructure assets which deliver a reliable, functioni

Learn more