16 December 2021
Cordiant Digital Infrastructure Limited
(the "Company")
Issue of Ordinary Shares under the Investment Management Agreement
and Total Voting Rights
The Company announces that, in accordance with the terms of the investment management agreement between the Company, Cordiant Capital Inc. and Cordiant Digital Infrastructure Management LLP, (the "Investment Management Agreement"), 154,238 ordinary shares each of no par value (the "Shares") will be allotted and issued to Cordiant Digital Infrastructure Management LLP ("CDIM").
Under the terms of the Investment Management Agreement, on a semi-annual basis in respect of the six month period ending 31 March and 30 September in each year, CDIM is required to apply an amount in aggregate equal to 10 per cent. of the management fee for the relevant six month period to the acquisition of Ordinary Shares in the Company. The issue price of 113.2p per Share represents the average of the middle market quotations of the Ordinary Shares for the 20 trading days immediately preceding publication of the net asset value as at 30 September. The new Ordinary Shares to be issued are subject to a 12 month lock up period under the terms of the Investment Management Agreement.
Admission
Application has been made for the new Ordinary Shares to be admitted to trading on the Specialist Fund Segment of the London Stock Exchange's Main Market. It is expected that dealings in the new Ordinary Shares will commence at 8.00 a.m. on 21 December 2021 ("Admission").
Following Admission, the beneficial interests of CDIM in the issued share capital of the Company will be as follows:
| | Number of ordinary shares | % of issued share capital |
| Cordiant Digital Infrastructure Management LLP | 154,238 | 0.04% |
Total Voting Rights
In accordance with the FCA's Disclosure and Transparency Rules, the total number of shares in issue on Admission will be as follows:
| · 409,849,692 Ordinary Shares and 185,000,000 C Shares. Each Ordinary Share and C Share carries the right to one vote in relation to all circumstances at general meetings of the Company. |
| · 6,554,528 Subscription Shares which have no voting rights; and |
| · No shares are held in treasury. |
Accordingly, the total voting rights figure will be 594,849,692 and may be used by shareholders and others with notification obligations as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
Further information:
For further information, please contact:
| Cordiant Digital Infrastructure Management Ltd Investment Manager
| +44 (0)20 7201 7546
| |
| 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 Company Secretary and Administrator Ian Smith Eimear Coleman
|
+44 (0)20 7597 4000
+44 (0)20 3757 4980
+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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