Exercise of Subscription Shares

RNS Number : 4628K

Cordiant Digital Infrastructure Ltd

01 September 2021

 

LEI: 213800T8RBBWZQ7FTF84

1 September 2021

Cordiant Digital Infrastructure Limited

(the "Company")

EXERCISE OF SUBSCRIPTION SHARES

and

TOTAL VOTING RIGHTS

The Company announces that it has today conditionally allotted 21,274,718 new ordinary shares of no par value ("Ordinary Shares"), each at a price of £1.00 per share following the exercise of the subscription rights attaching to 21,274,718 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 2021. 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 2021.  There remain 6,554,528 Subscription Shares in issue.

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 2022. The Subscription Price will be £1.09 per share, adjusted for cumulative dividends paid to Ordinary Shares up to the Subscription Date.  Details of this Subscription Date and future Subscription Dates are set out below.

The last date for the exercise of Subscription shares in each month	Applicable subscription date for the relevant month	Proposed admission date of new ordinary shares	Headline price (to which cumulative dividends are taken off when known)
14/02/2022	28/02/2022	07/03/2022	£1.0900
16/08/2022	31/08/2022	07/09/2022	£1.1881
14/02/2023	28/02/2023	07/03/2023	£1.1881
16/08/2023	31/08/2023	07/09/2023	£1.2950
15/02/2024	29/02/2024	07/03/2024	£1.2950
15/08/2024	30/08/2024	06/09/2024	£1.4116
14/02/2025	28/02/2025	07/03/2025	£1.4116
14/08/2025	29/08/2025	05/09/2025	£1.5386
13/02/2026	27/02/2026	06/03/2026	£1.5386

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 .

Total voting rights

Following Admission, the total number of Ordinary Shares in issue will be 409,695,454.  The total number of C Shares in issue is 185,000,000.  No Shares are held in treasury.  Following Admission, the total number of voting rights in the Company (being the aggregate of C Shares and Ordinary Shares) will be 594,695,454. Following Admission, the figure of 594,695,454 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.

Capitalised terms shall have the same meaning attributed to them in the Company's prospectus dated 29 January 2021 (the "Prospectus") 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) Camarco Financial Communications Adviser     Louise Dolan Eddie Livingstone-Learmonth Monique Perks Billy Clegg Ocorian Administration (Guernsey) Limited Company Secretary and Administrator Ian Smith Eimear Coleman	[phone] [phone] [phone] [phone]

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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