Cordiant Digital Infrastructure Ltd Exercise of Subscription Shares (2967H)
August 02 2021 - 9:24AM
UK Regulatory
TIDMCORD
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 GBP1.00 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 GBP1.00 per share. Details of the exercise cut-off date 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)
16/08/2021 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 Total number of Ordinary
Shares exercised 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 +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 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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END
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