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LONDON - Downing Renewables & Infrastructure Trust plc (DORE), a UK-based investment trust, announced the appointment of Ms. Astrid Skarheim Onsum as the new Chair of the Remuneration Committee, effective immediately. She replaces Mr. Ashley Paxton in this role, according to a statement released today.
This change in the board’s composition aligns with the UK Listing Rules (UKLR), specifically under section 6.4.6R, which guides the operations and governance of listed companies.
DORE is known for its focus on renewable energy and infrastructure investments primarily in the UK and Northern Europe. It operates as a closed-end investment trust, aiming to deliver sustainable income and capital growth to its investors. The trust has received the London Stock Exchange (LON:LSEG)’s Green Economy Mark, recognizing its contributions to the green economy and its efforts in climate change mitigation.
The trust’s investment strategy emphasizes diversification across geography, technology, revenue, and project stages to maintain stable revenue streams and consistent income for shareholders. DORE’s commitment to the transition to net zero is a central aspect of its sustainable fund classification.
The management of DORE’s investment portfolio is handled by Downing LLP, an investment manager with over three decades of experience and more than £2.0 billion in assets under management as of June 30, 2024. Downing LLP boasts a dedicated team of over 49 investment and asset management specialists in the energy and infrastructure sectors, supported by a broader team of professionals in various operational roles.
Downing LLP has a significant track record in the renewable energy infrastructure space, with over 190 investments and management of 640 MWp of electricity generating capacity across multiple technologies and installations internationally.
The information regarding the appointment and details about DORE’s management and strategy is based on a press release statement.
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