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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