REG - Digital 9 Infrastr. - Directorate Changes

Digital 9 InfrastructureAnnouncement

23/07/2024 07:00

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RNS Number : 3670X  Digital 9 Infrastructure PLC  23 July 2024

23 July 2024

 

DIGITAL 9 INFRASTRUCTURE PLC

 

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

 

Directorate Changes

 

The Company is pleased to announce the appointment of Mr Philip Braun as an
Independent Non-Executive Director of the Company with effect from 22 July
2024, having received prior written confirmation of no objection from the
Jersey Financial Services Commission ("JFSC"). Further to the Company's
announcement on 12 June 2024 and following Mr Philip Braun's appointment to
the Board of D9, Mr Aaron Le Cornu has stepped down as a Non-Executive
Director of the Company on 22 July 2024.

 

The Company is also pleased to confirm that further to the Company's
announcement on 12 June 2024, following receipt of prior written confirmation
of no objection from the JFSC, Mr Andrew Zychowski's appointment as
Independent Non-Executive Director of the Company is also effective from 22
July 2024.

 

As a result, the Board has reviewed its composition and has made the following
changes:

 

·     Mr Philip Braun is appointed Chair of the Audit Committee and
Valuation Committee, a member of the Nomination Committee, Management
Engagement Committee and Risk Committee, and on an interim basis the Senior
Independent Director of the Board.

 

·    Mr Andrew Zychowski is appointed Chair of the Management Engagement
Committee, and a member of the Audit Committee, Valuation Committee,
Nomination Committee and Risk Committee.

 

·     On an interim basis, Mr Eric Sanderson will remain Chair of the
Nomination Committee and Risk Committee.

 

Mr Braun, a Jersey resident, has nearly 30 years of experience in audit,
primarily focusing on financial services, alternative investment funds and the
regulated offshore fund industry. After qualifying as an accountant in London,
Mr Braun spent nearly 10 years within PwC's Jersey and Sydney audit practices,
following which he spent the last 16 years as the lead audit partner with BDO
in Jersey where he notably led the provision of business advisory services,
including corporate due diligence, restructuring and liquidations. Mr Braun is
currently Non-Executive Director and chair of the audit and risk committee of
GCP Asset Backed Income Fund Limited, and Non-Executive Director and chair of
the audit committee of CVC Income & Growth Limited. He is also a member of
the board of The International Stock Exchange Authority Limited, the Guernsey
based regulator of The International Stock Exchange and sits on both its risk
and audit committees. Mr Braun holds a BSc (Hons) in Mathematics and Computer
Science from the University of Bristol and is a Fellow of the institute of
Chartered Accountants of England & Wales. Mr Braun does not hold shares in
the Company.

 

There are no other details that are required to be disclosed in respect of
Rule 9.6.13 of the Financial Conduct Authority's Listing Rules.

 

The Board is in the advanced stages of recruiting an additional Non-Executive
Director to support the managed wind-down process, and a further update will
follow in due course.

 

Eric Sanderson, Chair, Digital 9 Infrastructure plc, commented:

 

"I am pleased to welcome Philip to the Board. He brings considerable skills
and experience to the Board, particularly within finance and audit, which will
be invaluable as we progress through the Company's managed wind-down process.
I would like to thank Aaron for his significant time commitment and dedication
to the Board since his appointment in April 2022."

 

ENDS.

 

 

Contacts

 

 Panmure Liberum Limited (Financial Adviser)  +44 (0)203 100 2000

 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

 

 

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.

 

The Investment Manager is Triple Point Investment Management LLP ("Triple
Point") which is authorised and regulated by the Financial Conduct Authority.
For more information on the Investment Manager please visit
www.triplepoint.co.uk (http://www.triplepoint.co.uk) . For more information,
please visit www.d9infrastructure.com (http://www.d9infrastructure.com) .

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