CORD Cordiant Digital Infrastructure Limited

TIDMCORD

RNS Number : 3888U

Cordiant Digital Infrastructure Ltd

01 April 2021

LEI: 213800T8RBBWZQ7FTF84

1 April 2021

Cordiant Digital Infrastructure Limited

(the "Company")

EXERCISE OF SUBSCRIPTION SHARES

and

TOTAL VOTING RIGHTS

The Company announces that it has today conditionally allotted 930,447 new ordinary shares of no par value, each at a price of GBP1.00 per share following the exercise of the subscription rights attaching to 930,447 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 9 April 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 1 April 2021. There remain 45,319,535 subscription shares in issue.

Total voting rights

Following Admission, the total number of ordinary shares in issue will be 370,930,447 and the total number of voting rights in the Company following Admission will be 370,930,447. There are no shares held in treasury.

Following Admission, the above figure of 370,930,447 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 GBP1.00 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       Applicable subscription   Proposed admission 
  for the exercise    date for the              date of new ordinary 
  of Subscription     relevant month            shares 
  shares in each 
  month (April 
  to August 2021) 
 16/04/2021          30/04/2021                10/05/2021 
                    ------------------------  ---------------------- 
 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      +44 (0)20 7201 7546 
  Company Secretary and Administrator             +44 (0)20 7597 4000 
  Ian Smith                                       +44 (0)20 3757 4980 
  Holly Tierney                                   +44 (0) 1481 742742 
 
 

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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