REG - Cordiant Digital Inf - Purchase of Ordinary Shares under the IMA

Cordiant Digital InfrastructureAnnouncement

26/01/2024 07:00

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RNS Number : 9597A  Cordiant Digital Infrastructure Ltd  26 January 2024

26 January 2024

Cordiant Digital Infrastructure Limited

 (the "Company")

 

Purchase of Ordinary Shares under the Investment Management Agreement

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 dated 29 January
2021 (the "Investment Management Agreement"), 423,986 ordinary shares each of
no par value (the "Shares") have been purchased by 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 Shares were acquired at an average price
of 72.0p per Share.  The Shares purchased are subject to a 12 month lock up
period under the terms of the Investment Management Agreement.

Following the purchase, the beneficial interests of CDIM in the issued share
capital of the Company is as follows:

                                                 Number of ordinary shares  % of issued share capital
 Cordiant Digital Infrastructure Management LLP  1,734,733                  0.23%

 

For Further Information, please visit www.cordiantdigitaltrust.com
(http://www.cordiantdigitaltrust.com/)  or contact:

 Cordiant Capital Inc                         +44 (0) 207 2017546
 Investment Manager

Stephen Foss, Managing Director
 Aztec Financial Services (Guernsey) Limited  +44 (0) 1481 748831
 Company Secretary and Administrator

Chris Copperwaite

Laura Dunning
 Celicourt                                    +44 (0) 207 770 6424
 Financial Communications Adviser

Ali AlQahtani

Philip Dennis

 

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