Cordiant Digital Infrastructure Ltd Exercise of Subscription Shares (4628K)
September 01 2021 - 12:22PM
UK Regulatory
TIDMCORD
RNS Number : 4628K
Cordiant Digital Infrastructure Ltd
01 September 2021
LEI: 213800T8RBBWZQ7FTF84
1 September 2021
Cordiant Digital Infrastructure Limited
(the "Company")
EXERCISE OF SUBSCRIPTION SHARES
and
TOTAL VOTING RIGHTS
The Company announces that it has today conditionally allotted
21,274,718 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 21,274,718 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 7 September
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 1 September 2021. There remain 6,554,528 Subscription Shares
in issue.
Further exercise of subscription rights
Subscription Shares may be exercised in February and August each
year until February 2026 (being the Final Subscription Date). The
next Subscription Date for the holders of Subscription Shares will
therefore be in February 2022. The Subscription Price will be
GBP1.09 per share, adjusted for cumulative dividends paid to
Ordinary Shares up to the Subscription Date. Details of this
Subscription Date and future Subscription Dates are set out
below.
The last date Applicable subscription Proposed admission Headline price
for the exercise date for the date of new ordinary (to which cumulative
of Subscription relevant month shares dividends are
shares in each taken off when
month known)
14/02/2022 28/02/2022 07/03/2022 GBP1.0900
------------------------ ---------------------- ----------------------
16/08/2022 31/08/2022 07/09/2022 GBP1.1881
------------------------ ---------------------- ----------------------
14/02/2023 28/02/2023 07/03/2023 GBP1.1881
------------------------ ---------------------- ----------------------
16/08/2023 31/08/2023 07/09/2023 GBP1.2950
------------------------ ---------------------- ----------------------
15/02/2024 29/02/2024 07/03/2024 GBP1.2950
------------------------ ---------------------- ----------------------
15/08/2024 30/08/2024 06/09/2024 GBP1.4116
------------------------ ---------------------- ----------------------
14/02/2025 28/02/2025 07/03/2025 GBP1.4116
------------------------ ---------------------- ----------------------
14/08/2025 29/08/2025 05/09/2025 GBP1.5386
------------------------ ---------------------- ----------------------
13/02/2026 27/02/2026 06/03/2026 GBP1.5386
------------------------ ---------------------- ----------------------
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 .
Total voting rights
Following Admission, the total number of Ordinary Shares in
issue will be 409,695,454. 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 594,695,454.
Following Admission, the figure of 594,695,454 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
Eimear Coleman +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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