REG - Digital 9 Infrastr. - Dividend Declaration and Company Update

Digital 9 InfrastructureAnnouncement

01/12/2022 07:00

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RNS Number : 1751I  Digital 9 Infrastructure PLC  01 December 2022

 

1 December 2022

DIGITAL 9 INFRASTRUCTURE PLC

("D9" or the "Company")

 

Dividend Declaration and Company Update

 

Dividend Declaration

 

The Board of Directors of Digital 9 Infrastructure plc (ticker: DGI9) has
declared an interim dividend in respect of the period 1 July 2022 to 30
September 2022 of 1.5 pence per Ordinary Share, payable on or around 23
December 2022 to holders of Ordinary Shares on the Company's register on 9
December 2022.

 

The ex-dividend date will be 8 December 2022.

 

The Company is targeting an aggregate dividend of 6.0 pence per Ordinary Share
for the year ending 31 December 2022.(1)

 

Company Update

 

The Company's portfolio companies are undertaking their customary annual
re-forcasting exercise to update their 5-year business plans. This process is
expected to be completed during December 2022 after which the Company will
publish a Trading Update in early January 2023. This Trading Update will
provide further detail on the performance of the portfolio with the audited
Annual Report for the year ended 31 December 2022 to follow in March 2023.

 

Investment Manager Personnel

 

Further to the Company's announcement on 22 November 2022 regarding the change
in Investment Manager personnel, Triple Point Investment Management LLP
("Triple Point" or the "Investment Manager") confirms that it has initiated a
formal recruitment and selection process for a permanent Head of Digital
Infrastructure and a further update will be provided as soon as practicable.
Ben Beaton, Co-Managing Partner of Triple Point, will continue to support the
permanent Head of Digital Infrastructure following their appointment.

 

The recruitment and selection process is being undertaken with oversight of
the Company's Board.

 

As previously announced, Ben Beaton continues to lead the Digital
Infrastructure team supported by the existing and established Digital
Infrastructure team within Triple Point, which includes Investment Director,
Arnaud Jaguin. James Cranmer, Co-Managing Partner of Triple Point, will also
continue to support Ben and the wider investment team.

 

Arnaud joined Triple Point in January 2021 and has over 15 years' experience
in telecoms and digital infrastructure. He began his career in telecoms
M&A advisory at UBS Investment Bank, advising on £50 billion of
transactions. At Level3 Communications, CenturyLink and RETN, he was
responsible for corporate development, corporate strategy, marketing, and
sales operations.

 

 

ENDS.

 

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 Triple Point Investment Management LLP (Investment Manager)  +44 (0)20 7201 8989
 Ben Beaton / James Cranmer / Arnaud Jaguin
 J.P. Morgan Cazenove (Corporate Broker)                      +44 (0)207 742 4000
 William Simmonds / Jérémie Birnbaum (Corporate Finance)
 James Bouverat / Liam MacDonald-Raggett (Sales)
 Akur Capital (Financial Adviser)                             +44 (0)207 493 3631
 Tom Frost / Anthony Richardson / Siobhan Sergeant
 FTI Consulting (Communications Adviser)
 Mitch Barltrop                                               +44 (0)7807 296 032

 Ed Berry                                                     +44 (0)7703 330 199

 Gina Magnin                                                  +44 (0)7815 585 751

                                                              dgi9@fticonsulting.com

LEI: 213800OQLX64UNS38U92

 

NOTES TO EDITORS

 

(1)The target dividend is a target only and not a forecast. There can be no
assurance that the target will be met and it should not be taken as an
indication of the Company's expected or actual future results.

 

About Digital 9 Infrastructure plc

Digital 9 Infrastructure plc (DGI9) is an investment trust listed on the
London Stock Exchange with ticker DGI9. The Company invests in the
infrastructure of the internet that underpins the world's digital economy:
digital infrastructure.

The Investment Manager is Triple Point Investment Management LLP ("Triple
Point") which is authorised and regulated by the Financial Conduct Authority,
with extensive experience in infrastructure, real estate and private credit,
while keeping ESG principles central to its business mission. Triple Point's
Digital Infrastructure team has c.US$ 300 billion in digital infrastructure
transaction experience and in-depth relationships across global tech and
global telecoms companies.

The number 9 in Digital 9 Infrastructure comes from the UN Sustainable
Development Goal 9, which focuses the fund on investments that increase
connectivity globally and improve the sustainability of digital
infrastructure. The assets DGI9 invests in typically comprise scalable
platforms and technologies including (but not limited to) subsea fibre, data
centres, terrestrial fibre and wireless networks.

From its IPO in March 2021 and subsequent capital raises, DGI9 has raised
total equity of £905 million and a revolving credit facility of £375
million, invested into the following data centres, subsea fibre, and wireless
networks:

·    Aqua Comms, a leading owner and operator of 20,000km of the most
modern subsea fibre systems - the backbone of the internet - with a customer
base comprising global tech and global telecommunications carriers (April
2021);

·   Verne Global, the leading Icelandic data centre platform, with 40MW of
high intensity computing solutions in operation or development, powered by
100% baseload renewable power (September 2021);

·     EMIC-1, a partnership with Meta on a 10,000km fibre system from
Europe to India (July 2021);

·    SeaEdge UK1, a data centre and landing station for the North Sea
Connect subsea cable, part of the North Atlantic Loop subsea network,
improving connectivity between the UK, Ireland, Scandinavia and North America
(December 2021);

·     Host Ireland, a leading enterprise broadband provider that owns
and operates Fixed Wireless Access networks (April 2022);

·     Volta, a premier data centre based in central London, providing
6MW retail co-location services (April 2022);

·   Ficolo, a leading Finnish data centre and cloud infrastructure
platform, with c.23MW of data centre capacity, powered by 100% renewable power
and distributing surplus heat to district heating networks (July 2022); and

·    Arqiva, the only UK national terrestrial television and radio
broadcasting network in the United Kingdom - providing data, network and
communications services, as well as a national IoT connectivity platform
(October 2022).

 

The Company's Ordinary Shares were admitted to trading on the Specialist Fund
Segment of the Main Market of the London Stock Exchange on 31 March
2021. It was admitted to the premium listing segment of the Official List of
the Financial Conduct Authority and migrated to trading on the premium segment
of the Main Market on 30 August 2022.

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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