REG - Digital 9 Infrastr. - Statement regarding share price

Digital 9 InfrastructureAnnouncement

04/04/2023 07:00

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RNS Number : 2367V  Digital 9 Infrastructure PLC  04 April 2023

4 April 2023

DIGITAL 9 INFRASTRUCTURE PLC

("DGI9", the "Company" or, together with its subsidiaries, the "Group")

Statement regarding share price

Investment Manager share purchase

The Board of Digital 9 Infrastructure plc (ticker: DGI9), a leading investor
in the infrastructure of the internet, continues to monitor the current DGI9
share price volatility.

 

The Board and the Investment Manager confirms that they are not aware of any
portfolio specific factors that have led to the recent decline in the share
price. The Board believes that the discount to Net Asset Value at which the
Company's share price currently trades materially undervalues the Company and
its portfolio. The Board maintains confidence in the Group's diversified
portfolio of nine high-quality data centre, subsea fibre, wireless and
terrestrial fibre assets which continue to perform strongly, in line with
management expectations.

 

The Investment Manager announces that it has purchased 150,000 ordinary shares
of no par value in the capital of the Company ("Ordinary Shares") at an
average price of 61.40 pence per share on 31 March 2023. This purchase of
Ordinary Shares was made by Perihelion One Limited ("Perihelion"), a company
in the Triple Point Group.

 

In addition, senior members of the Digital Infrastructure team also purchased
a further 240,000 shares in the Company. The Investment Manager, including
senior members of the Digital Infrastructure team, now hold a total of
2,336,495 Ordinary Shares in the Company, representing approximately 0.27% of
the total issued share capital.

 

As previously announced, Directors' total shareholdings have increased to
333,381 shares, an increase of 96,939 shares since the announcement of the
Company's Annual Financial Report on 9 March 2023.

 

As outlined at the recent Capital Market's Day, the Company is making
significant progress in executing its initiatives for securing complementary
sources of capital with a:

 

·     Term sheet having been agreed for a $100 million facility to be
provided to one of the high growth Investee Companies. Completion is expected
in May 2023.

·     Syndication of a minority stake in existing Investee Companies to
a strategic capital partner progressing in line with timetable. Terms are
expected to be announced in August 2023.

 

The recruitment of the Investment Manager's Head of Digital Infrastructure is
also progressing as expected and will be announced in due course.

 

ENDS.

 

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 

 Triple Point Investment Management LLP   +44 (0)20 7201 8989

 (Investment Manager)

 Ben Beaton

 Arnaud Jaguin
 J.P. Morgan Cazenove (Corporate Broker)  +44 (0)20 7742 4000

 William Simmonds

 Jérémie Birnbaum
 Akur Capital (Financial Adviser)         +44 (0)20 7493 3631

 Tom Frost

 Anthony Richardson

 Siobhan Sergeant
 FTI Consulting (Communications Adviser)  dgi9@fticonsulting.com

 Ed Berry                                 +44 (0)7703 330 199

 Mitch Barltrop                           +44 (0)7807 296 032

 Maxime Lopes                             +44 (0) 7890 896 777

 

LEI: 213800OQLX64UNS38U92

 

About Digital 9 Infrastructure plc:

 

Digital 9 Infrastructure plc (DGI9) is an investment trust listed on the
London Stock Exchange and a constitutent of the FTSE 250, 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 over $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, terrestrial
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 Iceland, 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);

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

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

·   Verne Global Finland (previously 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).

·     Giggle, a revolutionary Fibre to the Home network providing
affordable broadband to social housing in Glasgow (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. For more information, please visit
www.d9infrastructure.com.

 

 

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