5 June 2025
DOWNING RENEWABLES & INFRASTRUCTURE TRUST PLC
("DORE" or the "Company")
Annual General Meeting ("AGM") Results
The Company is pleased to announce at its AGM held on 5 June 2025 at the offices of Downing LLP, 3rd Floor, 10 Lower Thames Street, London, EC3N 6AF that all resolutions set out in the Notice of AGM were passed by the requisite majority. Each of the resolutions put to the AGM were voted on by way of a poll. The poll votes received in relation to these resolutions were as follows:
| No. | Resolution
| For | Against
| Votes Withheld | Total Issued Share Capital Instructed | ||
| Number of shares | % | Number of shares | % | Number of shares | % | ||
| 1 | To receive the annual report and financial statements | 94,570,753 | 99.99 | 5,725 | 0.01 | 64,314 | 55.59 |
| 2 | To receive and approve the Directors' Remuneration Report | 94,267,912 | 99.79 | 199,964 | 0.21 | 172,916 | 55.53 |
| 3 | To receive and approve the Directors' Renumeration Policy | 94,235,384 | 99.78 | 210,264 | 0.22 | 195,144 | 55.52 |
| 4 | To re-elect Hugh Little as a Director of the Company | 93,259,497 | 98.72 | 1,208,305 | 1.28 | 172,990 | 55.53 |
| 5 | To re-elect Joanna Holt as a Director of the Company | 92,374,010 | 97.78 | 2,093,792 | 2.22 | 172,990 | 55.53 |
| 6 | To re-elect Ashley Paxton as a Director of the Company | 93,242,963 | 98.70 | 1,224,839 | 1.30 | 172,990 | 55.53 |
| 7 | To elect Astrid Skarheim Onsum as a Director of the Company | 94,293,117 | 99.82 | 168,163 | 0.18 | 179,512 | 55.52 |
| 8 | To re-appoint BDO LLP as the Auditor | 94,437,581 | 99.88 | 114,845 | 0.12 | 88,366 | 55.58 |
| 9 | To authorise the Directors to determine the Auditor's Remuneration | 94,511,543 | 99.94 | 53,970 | 0.06 | 75,279 | 55.59 |
| 10 | To approve the Company's dividend payment policy | 94,615,485 | 99.98 | 19,492 | 0.02 | 5,815 | 55.63 |
| 11* | To adopt the new Articles of Association | 94,444,132 | 99.88 | 110,732 | 0.12 | 85,928 | 55.58 |
| 12 | To approve the continuation of the Company | 84,081,122 | 88.85 | 10,553,855 | 11.15 | 5,815 | 55.63 |
| 13 | To adopt the amended investment policy | 91,000,676 | 96.20 | 3,594,834 | 3.80 | 45,282 | 55.60 |
| 14 | To approve an authority to allot shares | 87,977,848 | 93.01 | 6,613,901 | 6.99 | 49,043 | 55.60 |
| 15 | To approve an authority to allot shares for the purposes of acquisitions or specified capital investment | 88,012,427 | 93.04 | 6,579,322 | 6.96 | 49,043 | 55.60 |
| 16* | To approve an authority to disapply pre-emption rights | 86,937,966 | 91.93 | 7,631,990 | 8.07 | 70,836 | 55.59 |
| 17* | To approve an authority to disapply pre-emption rights for the purposes of acquisitions or specified capital investment | 87,042,061 | 92.03 | 7,537,895 | 7.97 | 60,836 | 55.59 |
| 18* | To approve an authority to purchase the Company's own shares | 94,533,926 | 99.94 | 59,119 | 0.06 | 47,747 | 55.60 |
| 19* | To permit the holding of General Meetings at 14 days' notice. | 94,388,689 | 99.80 | 193,361 | 0.20 | 58,742 | 55.60 |
| *special resolution | |||||||
A copy of Resolution 11 and Resolutions 14 to 19 will be submitted to the National Storage Mechanism and will shortly be available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
LEI Number: 2138004JHBJ7RHDYDR62
Contact details:
| Downing LLP - Investment Manager to the Company
Tom Williams
| +44 (0)20 3954 9908 |
| Singer Capital Markets - Joint Corporate Broker
Alaina Wong, Jalini Kalaravy (Investment Banking) Sam Greatrex, Alan Geeves, James Waterlow, William Gumpel (Sales)
| +44 (0)20 7496 3000
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| Winterflood Securities Limited - Joint Corporate Broker | +44 (0)20 3100 0000 |
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| Neil Morgan (Corporate Finance) Darren Willis, Andrew Marshall (Sales) |
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| TB Cardew - Public relations advisor to the Company
Tania Wild Liam Kilne
| +44 (0)20 7930 0777
+44 (0)7425 536 903 +44 (0)7827 103 429 |
About DORE
DORE is a closed-end investment trust that aims to provide investors with an attractive and sustainable level of income, with an element of capital growth, by investing in a diversified portfolio of renewable energy and infrastructure assets in the UK and Northern Europe. DORE has been awarded the London Stock Exchange's Green Economy Mark in recognition of its contribution to the global 'Green Economy'.
The Board classifies DORE as a sustainable fund with a core objective of accelerating the transition to net zero through its investments, compiling and operating a diversified portfolio of renewable energy and infrastructure assets to help facilitate the transition to a more sustainable future. The Company believes that this directly contributes to climate change mitigation.
DORE's strategy, which focuses on diversification by geography, technology, revenue and project stage, is designed to increase the stability of revenues and the consistency of income to shareholders. For further details please visit www.doretrust.com
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