Exercise of Subscription Shares

RNS Number : 2967H

Cordiant Digital Infrastructure Ltd

02 August 2021

 

LEI: 213800T8RBBWZQ7FTF84

2 August 2021

Cordiant Digital Infrastructure Limited

(the "Company")

EXERCISE OF SUBSCRIPTION SHARES,

PDMR DEALINGS

and

TOTAL VOTING RIGHTS

The Company announces that it has today conditionally allotted 6,017,044 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 6,017,044   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 6 August 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 2 August 2021.  There remain 27,829,246 Subscription Shares in issue.

Further exercise of subscription rights

Holders of Subscription Shares are reminded that August is the last month in which Subscription Shares may be exercised at a price of £1.00 per share. Details of the exercise cut-off date 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
16/08/2021	31/08/2021	07/09/2021

Thereafter, Subscription Shares may be exercised in February and August each year until February 2026 (being the Final 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 and prices for 2022 (all of which are set out on page 96 of 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 .

Exercise of subscription shares by Directors

The following directors of the Company have exercised all of their Subscription Shares:

Director	Number of Subscription Shares exercised	Total number of Ordinary Shares following exercise
Marten Pieters	3,125	28,125

Total voting rights

Following Admission, the total number of Ordinary Shares in issue will be 388,420,736.  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 573,420,736. Following Admission, the figure of 573,420,736 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 Holly Tierney	[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.

 

END

 

 

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