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.”