Downing Renewables & Infrastructure Trust plc Share Offer
This offer is now closed for applications through interactive investor
Result of Equity Raise
The Issue Price has been set at 111 pence per new Ordinary Share.
Downing Renewables & Infrastructure Trust plc (DORE) has successfully raised gross proceeds of £52.9 million, through its Initial Placing, Open Offer, Offer for Subscription and Intermediaries Offer.
Applications will be made for 47,614,000 new Ordinary Shares to be admitted to trading on the London Stock Exchange's main market.
Allocations have been met in full, meaning customers will receive 100% of the amount they applied for rounded down to the nearest whole share.
Share allocations and uninvested cash are being credited today (Thursday 23 June 2022). Confirmation of allocations will be sent once the shares and refunds are showing on accounts.
Please note the allocation policy was set by DORE and not Interactive Investor.
- The Offer Period for the Downing Renewables & Infrastructure Trust plc Share Offer closed at 11am on Tuesday 21 June 2022.
- Admission and unconditional dealing in the new Ordinary Shares is expected to commence at 8am on Monday 27 June 2022. There is no conditional dealing period.
- When admitted to trading, the new Ordinary Shares will be registered with SEDOL (Stock Exchange Daily Official List) number BLF7PP2 and trade under the symbol "DORE".
- If you buy or sell Downing Renewables & Infrastructure Trust plc Shares after admission the relevant share dealing rate will apply.
Hugh Little, Chair of DORE, commented:
|Issue price per share:||111 pence|
|Minimum investment:||£1,110 (multiples of £1 thereafter)|
|Offer open:||7 June 2022|
|Offer close:||21 June 2022 (11am)|
|Result announced:||23 June 2022|
|Unconditional dealing starts:||27 June 2022 (8am)|
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Interactive Investor Services Limited uses the Downing Renewables & Infrastructure Trust plc Prospectus in accordance with the Company's consent and the conditions set out in the Downing Renewables & Infrastructure Trust plc Prospectus.
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