TIDMCORD

RNS Number : 2064B

Cordiant Digital Infrastructure Ltd

08 June 2021

LEI number: 213800T8RBBWZQ7FTF84

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL. PLEASE SEE THE SECTION ENTITLED "DISCLAIMERS" AT THE OF THIS ANNOUNCEMENT.

This Announcement has been determined to contain inside information for the purposes of the UK version of the market abuse regulation (EU) No.596/2014.

CORDIANT DIGITAL INFRASTRUCTURE LIMITED

Result of C Share Placing

8 June 2021

The Board of Cordiant Digital Infrastructure Limited (the "Company"), the London listed, dedicated digital infrastructure investment company, is pleased to announce that it has successfully raised gross proceeds of GBP185 million through the placing of 185 million C Shares at an issue price of 100 pence per C Share under the Company's placing programme.

The net proceeds of the Placing will be used to acquire pipeline investments falling within the Company's investment policy. The Company has a strong pipeline of investment opportunities, into which the proceeds will be deployed.

The Company's investment objective is to seek to generate attractive total returns for Shareholders over the longer term, comprising capital growth and a progressive dividend through investment in digital infrastructure assets, with a predominant focus on data centres, mobile telecommunications/broadcast towers and fibre-optic network assets.

Application will be made for 185,000,000 C Shares to be admitted to trading on the Specialist Fund Segment of the London Stock Exchange's Main Market ("Admission"). It is expected that Admission will become effective and that dealings will commence in the C Shares at 8.00 a.m. on 10 June 2021.

Investec Bank plc acted as Sole Financial Adviser, Global Coordinator and Bookrunner.

Shonaid Jemmett-Page, Chairman of the Company, said:

"The Board is pleased to have completed this successful capital raise which will enable the Company to expand the portfolio, having already substantially fully deployed the IPO proceeds shortly after the IPO. This is recognition, in our view, of the abilities of the investment management team to execute the investment strategy, deliver attractive total returns to shareholders and make a positive impact on societies."

Steve Marshall, Chairman of Cordiant Digital Infrastructure Management, said:

"We look forward to deploying this capital effectively and prudently in order to support our objectives of delivering a strong total return to investors and a progressive dividend. We thank investors for their support."

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 Digital Infrastructure Management Ltd

Investment Manager

Stephen Foss, Investor Relations +44 (0) 20 7201 7546

Investec Bank plc

Sole Financial Adviser, Global Coordinator and Bookrunner +44 (0)20 7597 4000

Tom Skinner (Corporate Broking)

Lucy Lewis, David Yovichic, Denis Flanagan (Corporate Finance)

Dominic Waters, Will Barnett, Neil Brierley (Sales)

Camarco

Financial Communications Adviser

+44 (0)20 3757 4980

cordiantdigitalinfra@camarco.co.uk

Louise Dolan

Eddie Livingstone-Learmonth

Monique Perks

Billy Clegg

Ocorian Administration (Guernsey) Limited

Company Secretary and Administrator

Ian Smith

+44 (0) 1481 742742

Holly Tierney

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.

Disclaimers

This announcement is not an offer to sell or a solicitation of any offer to buy any securities in the Company in the United States, Australia, Canada, New Zealand or the Republic of South Africa, Japan, or in any other jurisdiction where such offer or sale would be unlawful.

This communication is not for publication or distribution, directly or indirectly, in or into the United States of America. This communication is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.

The Company has not been and will not be registered under the US Investment Company Act of 1940 (the "Investment Company Act") and, as such, holders of the Company's securities will not be entitled to the benefits of the Investment Company Act. No offer, sale, resale, pledge, delivery, distribution or transfer of the Company's securities may be made except under circumstances that will not result in the Company being required to register as an investment company under the Investment Company Act.

Moreover, the Company's securities will not be registered under the applicable securities laws of Australia, Canada, the Republic of South Africa, Japan or any member state of the EEA (other than any member state of the EEA where the Company's securities may be lawfully marketed)..

Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of an RIS announcement, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.

Investec Bank plc ("Investec") , which is authorised by the Prudential Regulation Authority and regulated in the United Kingdom by the Financial Conduct Authority and the Prudential Regulatory Authority, is acting exclusively for the Company and for no--one else in connection with the matters described in this announcement and will not regard any other person as its client and will not be responsible to anyone for providing the protections afforded to its clients or providing any advice in relation to the matters contained herein.

This announcement may include statements that are, or may be deemed to be, "forward--looking statements". These forward--looking statements can be identified by the use of forward--looking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "may", "might", "will" or "should" or, in each case, their negative or other variations or similar expressions. All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding the Company's financial position, strategy, plans, proposed acquisitions and objectives, are forward--looking statements. These forward--looking statements speak only as at the date of this announcement and cannot be relied upon as a guide to future performance.

Forward--looking statements are subject to risks and uncertainties and, accordingly, the Company's actual future financial results and operational performance may differ materially from the results and performance expressed in, or implied by, the statements Subject to their respective legal and regulatory obligations (including under the Prospectus Regulation Rules), the Company, the Investment Manager and/or Investec expressly disclaim any obligations or undertaking to update or revise any forward--looking statements contained herein to reflect any change in expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based unless required to do so by law or any appropriate regulatory authority, including FSMA, the Prospectus Regulation Rules, the Disclosure Guidance and Transparency Rules, the Prospectus Regulation and MAR.

None of the Company, the Investment Manager and/or Investec, or any of their respective affiliates, accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to this announcement, including the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of the announcement or its contents or otherwise arising in connection therewith. The Company, the Investment Manager and Investec, and their respective affiliates, accordingly disclaim all and any liability whether arising in tort, contract or otherwise which they might otherwise have in respect of this announcement or its contents or otherwise arising in connection therewith.

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June 08, 2021 08:38 ET (12:38 GMT)

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