Opportunity to exercise Subscription Shares

RNS Number : 1970B

Cordiant Digital Infrastructure Ltd

09 February 2022

 

LEI: 213800T8RBBWZQ7FTF84

Cordiant Digital Infrastructure Limited

Opportunity to exercise Subscription Shares

9 February 2022

The next Subscription Date for the holders of Subscription Shares to exercise their Subscription Shares will be on Monday, 14 February 2022. The Subscription Price will be £1.075 per share, being the headline price adjusted for cumulative dividends paid in respect of Ordinary Shares up to the Subscription Date.  This is the last date for the exercise of Subscription Shares at this Subscription Price.  Details of this Subscription Date and future Subscription Dates are set out below.

As at the date of this announcement, there remain only 6,554,528 Subscription Shares in issue (being 14 per cent. of those Subscription Shares issued at launch in February 2021).  Under the terms of the Subscription Shares, if immediately after any Subscription Date, Subscription Rights shall have been exercised in respect of 75 per cent. or more of the Subscription Shares originally issued, the Company shall be entitled at any time within the next following 14 days to serve notice in writing on the holders of the Subscription Share then outstanding of its intention to appoint a trustee for the purposes of bringing forward the Final Subscription Date. The Subscription Price will be that prevailing at that time.  

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)	Adjusted price as at 9 February 2022
14/02/2022	28/02/2022	07/03/20222	£1.0900	£1.075
16/08/2022	31/08/2022	07/09/2022	£1.1881	£1.1731

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 published on 29 January 2021 unless otherwise defined in this announcement.

For further information, please contact:

Cordiant Digital Infrastructure Management Ltd

Investment Manager

Stephen Foss, Managing Director      [phone]

Ocorian Administration (Guernsey) Limited

Company Secretary and Administrator

Ian Smith  [phone]

Eimear Coleman

Investec Bank plc   [phone]

Joint Corporate Broker

Tom Skinner (Corporate Broking) 

Lucy Lewis, Denis Flanagan (Corporate Finance)   

Jefferies International Limited  [phone]

Joint Corporate Broker

Stuart Klein

Gaudi Le Roux

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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