REG - Digital 9 Infrastr. - Completion of Aqua Comms sale & return of capital

Digital 9 InfrastructureAnnouncement

31/12/2025 07:00

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RNS Number : 2020N  Digital 9 Infrastructure PLC  31 December 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
MARKET ABUSE REGULATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, SUCH
INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN

 

31 December 2025

 

DIGITAL 9 INFRASTRUCTURE PLC

 

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

 

Completion of Aqua Comms sale

and proposed return of capital to shareholders

 

The Board of D9 (the "Board") announces the completion of the divestment of
its Atlantic and Irish Sea subsea fibre business, Aqua Comms (the
"Transaction"), for a final net consideration of £34.0 million(1). Completion
follows the satisfaction of all closing conditions under the sale and purchase
agreement.

 

The final net consideration is £1.6 million higher than the £32.4 million
valuation of Aqua Comms reported in the Company's 30 June 2025 interim report.
As disclosed in the interim report, the June 2025 valuation of Aqua Comms
reflected the update of the completion account mechanism as well as revised
USD/GBP foreign exchange rate at that date.

 

The Board intends to return proceeds, net of anticipated future working
capital needs (being approximately a third of the proceeds), to shareholders
by way of a pro‑rata compulsory capital redemption, which is expected to
facilitate the most efficient and cost-effective return of the proceeds to
shareholders.

 

Future working capital needs include the necessary ongoing operational cost
commitments through to the final wind down of the Company, following future
anticipated sale processes for Elio Networks and Arqiva. These processes are
expected to occur over the coming years to maximise value for D9's
shareholders in line with the previously communicated realisation plan for the
Company. Maintaining an adequate working capital reserve will assist the
Company in managing and optimise exit timing, while providing a measure of
liquidity for any potential unforeseen operational expenses over the coming
years. The Company will continue to monitor its working capital needs and will
accelerate realisation plans and further capital redemptions when appropriate.

 

The Company will provide further details on the capital redemption scheme in
due course.

 

(1) GBP amounts as per the final 1.3527 USD/GBP exchange rate traded on 30
December 2025.

 

ENDS.

 

 

 

Notes to Editors

 

Capitalised terms used but not defined in this announcement shall have the
same meaning as given in prior announcements of the Company.

 

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

 

The person responsible for arranging the release of this announcement on
behalf of the Company is Uloma Adighibe of Hanway Advisory Limited, the
Delegated Company Secretary.

 

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 appointed to effect
the wind-down)

 

InfraRed was appointed in an advisory position on 11 October 2024 and AIFM on
11 December 2024 to effect the Managed Wind-Down of D9.

 

InfraRed manages US$13bn of equity capital 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.

 

Further details can be found on InfraRed's website www.ircp.com
(http://www.ircp.com/) .

 

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