Result of AGM

Downing Renewables & Infrastructure

08 June 2023

 

8 June 2023

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 8 June 2023 at the offices of Downing LLP, Floor 6, Saint Magnus House, 3 Lower Thames Street, London EC3R 6HD that all resolutions put to shareholders were voted 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	86,232,144	100.00	0	0.00	14,756	46.83%
2	To receive and approve the Directors' Remuneration Report (excluding the Directors' Remuneration Policy)	86,051,648	99.82	151,154	0.18	44,098	46.81%
3	To re-elect Hugh Little as a Director of the Company	85,479,935	99.14	742,149	0.86	24,816	46.82%
4	To re-elect Joanna Holt as  a Director of the Company	85,486,714	99.14	742,149	0.86	18,037	46.82%
5	To re-elect Ashley Paxton as a Director of the Company	85,479,935	99.14	742,149	0.86	24,816	46.82%
6	To re-appoint BDO LLP as the Auditor	85,450,794	99.11	765,787	0.89	30,319	46.82%
7	To allow the Board to Determine the Auditor's Remuneration	85,470,926	99.11	763,455	0.89	12,519	46.83%
8	To approve the Company's dividend payment policy	86,239,381	100.00	0	0.00	7,519	46.83%
9	To approve an authority to allot shares	86,145,346	99.90	89,021	0.10	12,533	46.83%
10	To approve an authority to allot shares for the purposes of acquisitions or specified capital investment	86,166,138	99.91	77,747	0.09	3,015	46.83%
11*	To approve an authority to disapply pre-emption rights	85,987,851	99.72	243,516	0.28	15,533	46.83%
12*	To approve an authority to disapply pre-emption rights for the purposes of acquisitions or specified capital investment	86,062,076	99.80	169,291	0.20	15,533	46.83%
13*	To approve an authority to purchase the Company's own shares	86,237,525	99.99	6,360	0.01	3,015	46.83%
14*	To permit the holding of General Meetings at 14 days' notice.	86,093,331	99.84	140,392	0.16	13,177	46.83%
*special resolution

A copy of Resolutions 11 to 14 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

[phone]

About Downing Renewables & Infrastructure Trust plc (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' and also in 2022 DORE won 'Renewables Fund of the Year' at the Sustainable Investment Awards.

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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