REG - Digital 9 Infrastr. - Completed sale of SeaEdge UK1 & full repayment RCF

Digital 9 InfrastructureAnnouncement

11/06/2025 07:15

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RNS Number : 3644M  Digital 9 Infrastructure PLC  11 June 2025

11 June 2025

 

DIGITAL 9 INFRASTRUCTURE PLC

 

("D9" or the "Company" and, together with its subsidiaries, the "Group")

 

Completed sale of SeaEdge UK1 and full repayment of RCF

 

The Board is pleased to announce that D9 has exchanged and completed the sale
of its interests in SeaEdge UK1 ("SeaEdge") to Stellium Datacenters Limited.
SeaEdge is a sub-lease of a data centre and subsea fibre landing station,
located on a data centre campus in Newcastle, at which Stellium operates.

 

The £10.7m consideration for SeaEdge includes the payment of deferred rent
and is broadly in line with the 31 December 2024 net asset value of the
investment together with the associated rent receivable at that date. The sale
concludes the realisation process outlined to the market in the latest annual
report and results presentation and follows a competitive process with several
third-party bidders. The net proceeds are £10.3m after the deduction of
transaction and related costs, which the Company will use along with further
working capital surpluses, to imminently repay and cancel the Revolving Credit
Facility ("RCF") balance of c. £13million in full. This concludes the fund
deleveraging process initiated in 2024, which followed the completed
divestment of Verne Global (15 March 2024) and EMIC-1 (28 May 2025).

 

The Board and Investment Manager will continue executing the orderly managed
wind down of the Company, prioritising the return of capital to shareholders
from remaining portfolio company divestments and maximising the value of such
investments whilst they are owned or part-owned by the Company.

 

 

 

 

ENDS.

 

 

Contacts

 Digital 9 Infrastructure plc                                                                             via FTI

                                                                                                        Consulting
 Eric Sanderson

 InfraRed Capital Partners Limited                                                                        +44 (0) 207 484 1751

 James O'Halloran

 Mohammed Zaheer
 Panmure Liberum Limited (Financial Adviser to the Company)                                               +44 (0) 203 100 2222

 Chris Clarke

 Darren Vickers
 J.P. Morgan Cazenove (Corporate Broker)                                                                  +44 (0) 20 7742 4000

 William Simmonds

 Jérémie Birnbaum
 FTI Consulting (Communications Adviser)                                                                  dgi9@fticonsulting.com (mailto:dgi9@fticonsulting.com)

 Mitch Barltrop                                                                                           +44 (0) 7807 296 032

 Maxime Lopes                                                                                             +44 (0) 7890 896 777

 

LEI Code: 213800OQLX64UNS38U92

 

 

About Digital 9 Infrastructure plc

 

Digital 9 Infrastructure plc (DGI9) is an investment trust listed on the
London Stock Exchange and a constituent of the FTSE All-Share, with the ticker
DGI9. The Company's investment objective is to undertake a Managed wind-down
of the Company and realise all existing assets in the Company's portfolio in
an orderly manner. For more information, please visit www.d9infrastructure.com
(http://www.d9infrastructure.com) .

 

About InfraRed Capital Partners (Investment Manager to D9 to effect the
wind-down)

 

InfraRed was appointed as AIFM on 11 December 2024 to effect the managed
wind-down of D9.

 

InfraRed manages US$13bn of equity capital(2) for investors around the globe,
in listed and private funds across both core and value-add strategies.

InfraRed combines a global reach, operating worldwide from offices in London,
Madrid, New York, Sydney and Seoul, with deep sector expertise from a team of
more than 160 people.

InfraRed is part of SLC Management, the institutional alternatives and
traditional asset management business of Sun Life, and benefits from its scale
and global platform.

For more information, please visit www.ircp.com (http://www.ircp.com) .

(2) Uses 5-year average FX as at 30th September 2024 of GBP/USD of 1.2827;
EUR/USD 1.1123. EUM is USD 12.803m

 

 

 

 

 

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