Exercise of Subscription Shares

RNS Number : 5269X

Cordiant Digital Infrastructure Ltd

04 May 2021

 

LEI: 213800T8RBBWZQ7FTF84

4 May 2021

Cordiant Digital Infrastructure Limited

(the "Company")

EXERCISE OF SUBSCRIPTION SHARES

and

TOTAL VOTING RIGHTS

The Company announces that it has today conditionally allotted 771,713 new ordinary shares of no par value, each at a price of £1.00 per share following the exercise of the subscription rights attaching to 771,713 of the Company's issued subscription shares of no par value each. 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 10 May 2021. Following Admission, the new ordinary shares will rank pari passu with the existing ordinary shares in issue.

The subscription shares exercised have been redeemed and cancelled by the Company for nil value with effect from 4 May 2021.  There remain 44,547,822 subscription shares in issue.

Total voting rights

Following Admission, the total number of ordinary shares in issue will be 371,702,160 and the total number of voting rights in the Company following Admission will be 371,702,160. There are no shares held in treasury.

Following Admission, the above figure of 371,702,160 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

Holders of subscription shares are reminded that subscription shares may be exercised at a price of £1.00 per share each month between April and August 2021 and details of the exercise cut-off date in each such month is set out below.

The last date for the exercise of Subscription shares in each month (April to August 2021)	Applicable subscription date for the relevant month	Proposed admission date of new ordinary shares
14/05/2021	28/05/2021	07/06/2021
16/06/2021	30/06/2021	07/07/2021
16/07/2021	30/07/2021	06/08/2021
17/08/2021	31/08/2021	07/09/2021

A further announcement will be made by the Company for ease of reference in due course in relation to the applicable exercise dates for 2022 (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 Capital, Inc
Stephen Foss, Managing Director Investec Bank plc Sole Financial Adviser and Corporate Broker Tom Skinner (Corporate Broking) Lucy Lewis, David Yovichic, Denis Flanagan (Corporate Finance) Camarco Financial Communications Adviser     Louise Dolan Eddie Livingstone-Learmonth Monique Perks Billy Clegg Ocorian Administration (Guernsey) Limited Company Secretary and Administrator Ian Smith Holly Tierney	[phone] [phone] [phone] [phone]

Notes to Editors:

Cordiant Digital Infrastructure Trust will primarily invest in the core infrastructure of the digital economy - data centres, fibreoptic networks and mobile 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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