Exercise of subscription shares and TVR

RNS Number : 0121Y

Cordiant Digital Infrastructure Ltd

01 September 2022

 

LEI: 213800T8RBBWZQ7FTF84

1 September 2022

Cordiant Digital Infrastructure Limited

(the "Company")

EXERCISE OF SUBSCRIPTION SHARES

and

TOTAL VOTING RIGHTS

The Company announces that it has today conditionally allotted 187 new ordinary shares of no par value ("Ordinary Shares"), each at a price of £1.1581 per share following the exercise of the subscription rights attaching to 187 of the Company's issued subscription shares of no par value each ("Subscription Shares"). The new Ordinary Shares have been issued conditionally upon admission to trading on the Specialist Fund Segment of the London Stock Exchange plc's main market ("Admission"). An application for Admission will be made to the London Stock Exchange plc and it is expected that Admission will occur at 8:00 a.m. on 7 September 2022. Following Admission, the new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue.

Those Subscription Shares that have been exercised have been redeemed and cancelled by the Company for nil value with effect from 1 September 2022.  There remain 6,434,884 Subscription Shares in issue.

Total voting rights

Following Admission, the total number of Ordinary Shares in issue will be 773,559,707.  No Shares are held in treasury.  Following Admission, the total number of voting rights in the Company will be 773,559,707. Following Admission, the above figure of 773,559,707 may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Further exercise of subscription rights

Subscription Shares may be exercised in February and August each year until February 2026 (being the Final Subscription Date). The next Subscription Date for the holders of Subscription Shares will therefore be in February 2023. The Subscription Price will be £1.1881 per share, adjusted for cumulative dividends paid to Ordinary Shares up to the Subscription Date. 

A further announcement will be made by the Company for ease of reference in due course in relation to the applicable exercise dates for 2023 (all of which are set out in the Prospectus).

In relation to exercise of the Subscription Shares, copies of the Certificated Subscription Notice (for use by holders holding subscription shares in certificated form) and the Supplementary Subscription Notice (for use, if required, by holders holding subscription shares in CREST) are available for download from the Company's website at www.cordiantdigitaltrust.com .

Capitalised terms shall have the same meaning attributed to them in the Company's prospectus dated 29 January 2021 unless otherwise defined in this announcement.

For further information, please contact:

Cordiant Digital Infrastructure Management Ltd
Stephen Foss, Managing Director Investec Bank plc Corporate Broker Tom Skinner (Corporate Broking) Lucy Lewis (Corporate Finance) Jefferies International Limited Gaudi Le Roux Stuart Klein Cellicourt Financial Communications Adviser     Philip Dennis Felicity Winkles Ocorian Administration (Guernsey) Limited Company Secretary and Administrator Kevin Smith Danielle McCaugherty	[phone] [phone]   [phone] [phone] + 44 (0) 1481 742742

Notes to Editors:

Cordiant Digital Infrastructure Limited primarily invests in the core infrastructure of the digital economy - data centres, fibreoptic networks and broadcast and telecommunication towers - "the plumbing of the internet" - in the UK, Europe and North America. Further details of the Company can be found on the Company's website at www.cordiantdigitaltrust.com .

Cordiant Capital Inc., the Company's investment manager, is a sector-focused investment manager with particular expertise and experience in digital infrastructure. Cordiant invests in global infrastructure and real assets, running infrastructure private equity and infrastructure private credit strategies through limited partnership funds and managed accounts. Cordiant's current client base consists of global insurance companies, pension plans and family offices.

 

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