REG - Digital 9 Infrastr. - Update on Shareholder Consultation

Digital 9 InfrastructureAnnouncement

17/10/2023 07:00

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RNS Number : 3039Q  Digital 9 Infrastructure PLC  17 October 2023

17 October 2023

 

DIGITAL 9 INFRASTRUCTURE PLC

 

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

 

Update on Shareholder Consultation

 

The Board of Digital 9 Infrastructure plc (ticker: DGI9), a leading investor
in the infrastructure of the internet, today provides an update on its recent
shareholder consultation.

 

Further to the announcement of 28 September 2023, the Company's Board of
Directors confirms it has engaged with shareholders, representing
approximately 74% of the issued share capital, in conjunction with the
Investment Manager and the Company's Joint Corporate Brokers, J.P. Morgan
Cazenove and Peel Hunt, and in addition to hosting a retail shareholder-only
webinar on 10 October 2023.

 

The Board has received feedback from its shareholders on a number of areas
including D9's dividend policy and the future direction of the Company.

 

Having considered the shareholder feedback, the Board is developing a set of
actions focused on maximising shareholder value. To support the
Board's assessment, it has retained Goldman Sachs International as lead
financial adviser.

 

A further announcement will be made in due course.

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 

 Triple Point Investment Management LLP   contact@triplepoint.co.uk (mailto:contact@triplepoint.co.uk)

 (Investment Manager)                     +44 (0)20 7201 8989

 Diego Massidda

 Ben Beaton

 FTI Consulting (Communications Adviser)  dgi9@fticonsulting.com (mailto:dgi9@fticonsulting.com)

 Ed Berry                                 +44 (0)7703 330 199

 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 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); 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. The
Company's Ordinary Shares were admitted to the premium listing segment of the
Official List of the Financial Conduct Authority and 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
(https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Furldefense.com%2Fv3%2F__http%3A%2Fwww.triplepoint.co.uk__%3B!!O2kDR7mm-zSJ!q-IhiRmOFrs2QYD7gmr9EcM8ukutg1_xde5Fce9GgBpHkvhSc3nlYhW7glbEiZG--1yRCrGc2K4WAjub3ANF%24&data=05%7C01%7CHelen.Richardson%40triplepoint.co.uk%7C736257c2b4244d9b148e08dbce910edc%7Ccde8812e0dbd4dc3b4463655beb81efb%7C0%7C0%7C638330894771285360%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=2SpCRgIybR8ARfciJBsE4bOmxNcDDFvRX9K9FehSEto%3D&reserved=0)
. For more information, please visit www.d9infrastructure.com
(https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Furldefense.com%2Fv3%2F__http%3A%2Fwww.d9infrastructure.com__%3B!!O2kDR7mm-zSJ!q-IhiRmOFrs2QYD7gmr9EcM8ukutg1_xde5Fce9GgBpHkvhSc3nlYhW7glbEiZG--1yRCrGc2K4WArD5RA1-%24&data=05%7C01%7CHelen.Richardson%40triplepoint.co.uk%7C736257c2b4244d9b148e08dbce910edc%7Ccde8812e0dbd4dc3b4463655beb81efb%7C0%7C0%7C638330894771285360%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=%2Fd%2FuhyGQHTb%2Ft4t2e4NW5UNYk%2FYmW1xyb%2B%2BalYftf5I%3D&reserved=0)
.

 

Important Notices

Goldman Sachs International, which is authorised by the PRA and regulated by
the FCA and the PRA in the United Kingdom, is acting exclusively for D9 and no
one else in connection with the matters referred to in this announcement and
will not be responsible to anyone other than D9 for providing the protections
afforded to clients of Goldman Sachs International, or for providing advice in
relation to the matters referred to in this announcement.

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