LEI: 213800T8RBBWZQ7FTF84
Cordiant Digital Infrastructure Limited
Opportunity to exercise Subscription Shares
9 February 2022
The next Subscription Date for the holders of Subscription Shares to exercise their Subscription Shares will be on Monday, 14 February 2022. The Subscription Price will be £1.075 per share, being the headline price adjusted for cumulative dividends paid in respect of Ordinary Shares up to the Subscription Date. This is the last date for the exercise of Subscription Shares at this Subscription Price. Details of this Subscription Date and future Subscription Dates are set out below.
As at the date of this announcement, there remain only 6,554,528 Subscription Shares in issue (being 14 per cent. of those Subscription Shares issued at launch in February 2021). Under the terms of the Subscription Shares, if immediately after any Subscription Date, Subscription Rights shall have been exercised in respect of 75 per cent. or more of the Subscription Shares originally issued, the Company shall be entitled at any time within the next following 14 days to serve notice in writing on the holders of the Subscription Share then outstanding of its intention to appoint a trustee for the purposes of bringing forward the Final Subscription Date. The Subscription Price will be that prevailing at that time.
| The last date for the exercise of Subscription Shares in each month | Applicable subscription date for the relevant month | Proposed admission date of new ordinary shares | Headline price (to which cumulative dividends are taken off when known) | Adjusted price as at 9 February 2022 |
| 14/02/2022 | 28/02/2022 | 07/03/20222 | £1.0900 | £1.075 |
| 16/08/2022 | 31/08/2022 | 07/09/2022 | £1.1881 | £1.1731 |
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.
Capitalised terms shall have the same meaning attributed to them in the Company's prospectus published on 29 January 2021 unless otherwise defined in this announcement.
For further information, please contact:
Cordiant Digital Infrastructure Management Ltd
Investment Manager
Stephen Foss, Managing Director +44 (0) 20 7201 7546
Ocorian Administration (Guernsey) Limited
Company Secretary and Administrator
Ian Smith +44 (0) 1481 742742
Eimear Coleman
Investec Bank plc +44 (0) 20 7597 4000
Joint Corporate Broker
Tom Skinner (Corporate Broking)
Lucy Lewis, Denis Flanagan (Corporate Finance)
Jefferies International Limited +44 (0) 20 7029 8000
Joint Corporate Broker
Stuart Klein
Gaudi Le Roux
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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