REG - Digital 9 Infrastr. - First Compulsory Redemption and Timetable

Digital 9 InfrastructureAnnouncement

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RNS Number : 4731A  Digital 9 Infrastructure PLC  15 April 2026

 

15 April 2026

 

DIGITAL 9 INFRASTRUCTURE PLC

 

("D9" or the "Company")

 

Announcement of First Compulsory Redemption and Timetable

 

The Company announces that, further to the approval by shareholders at the
General Meeting held on 12 March 2026 and as contemplated in the shareholder
circular published on 20 February 2026 (the "Circular"), the Board has
approved the first compulsory pro‑rata redemption of the Ordinary Shares in
the Company (the "Redemption").

 

Key details of the Redemption

 

 Redemption Price:              9.2753 pence per Ordinary Share
 Redemption Amount:             £30 million
 Redemption Date:               16 April 2026
 Redemption Record Date:        16 April 2026 (close of business)
 Redemption Ex‑Date:            17 April 2026
 Total issued Ordinary Shares:  865,174,954
 Redemption Ratio               37.38%

 

The Redemption will be carried out on a compulsory pro‑rata basis across all
shareholders on the Redemption Record Date. All Ordinary Shares will be
treated equally and no shareholder action is required.

 

Fractions of Ordinary Shares will not be redeemed and, accordingly, the number
of Ordinary Shares redeemed in respect of each shareholder will be rounded
down to the nearest whole number

 

As set out in the Circular, the Board has discretion to determine the
Redemption Price within the framework approved by shareholders, having regard
to prevailing market conditions and subject to the Redemption Price not
exceeding the Net Asset Value per Ordinary Share.

 

At the time the Circular was published, the Company's most recently published
NAV was materially above the prevailing market price. Following publication of
the updated NAV of 9.2753 pence per Ordinary Share, the Board considers it
appropriate to determine the Redemption Price at 9.2753 pence per Ordinary
Share.

 

The aggregate amount to be returned to shareholders pursuant to this first
compulsory redemption is equivalent to approximately 3.5 pence per existing
Ordinary Share. This will be funded from available cash resources following
recent asset realisations, including the settlement relating to Verne Global,
and after taking account of the Company's ongoing obligations and working
capital requirements.

 

ISIN arrangements

In connection with the Redemption, the existing ISIN for the Ordinary Shares
will expire on 17 April 2026, being the Ex‑Date. The new ISIN, JE00BPH3HM76,
representing the remaining Ordinary Shares following the Redemption will be
enabled on the same date. All relevant transformations will be processed
automatically through CREST.

 

Settlement and payment

The Redemption will be implemented through the redeemable share mechanism
described in the Circular. Cash payments due to shareholders will be funded to
the Company's registrar, Computershare, on 27 April 2026 and will be paid via
CREST or, in the case of certificated holdings, by cheque. The latest payment
date is expected to be 30 April 2026.

 

Further information

The Redemption forms part of the Company's Managed Wind‑Down and follows
recent asset realisations, including the settlement relating to Verne Global.
The Board will continue to assess the timing and size of future redemptions as
additional cash becomes available, having regard to the Company's ongoing
obligations and solvency requirements.

 

Capitalised terms used but not defined in this announcement have the meanings
given to them in the Circular.

 

 

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
 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 remaining 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 Managed 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,
Miami, 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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