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

Cordiant Digital InfrastructureAnnouncement

24/01/2025 07:00

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RNS Number : 4821U  Cordiant Digital Infrastructure Ltd  24 January 2025

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"), 312,579 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 percent 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 89.4p 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  2,394,292                  0.31%

 

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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