UK's Digital 9 hits record low after withdrawing FY dividend target

Digital 9 Infrastructure

28/09/2023 08:50

** Shares of investment firm Digital 9 Infrastructure  DGI9.L 
down 15.3%, hit record low of 46.9 pence
    ** Board withdraws dividend target of 6.0 pence per ordinary
share for FY ending December 2023
    ** Board also elects not to declare a dividend for Q2 2023
    ** "Persistently higher interest rate and inflation
environment... has led the Board not to declare the Q2 2023
dividend" - Chairman Phil Jordan
    ** Stock set for biggest one-day pct fall ever, if losses
hold
    ** Co reports HY loss before tax of 57 mln pounds ($69.3
mln) vs profit of 27 mln pounds a year ago
    ** Digital 9 stock down ~46% YTD

($1 = 0.8231 pounds)

 (Reporting by Richard Rohan Francis in Bengaluru)
 ((Richardrohan.francis@thomsonreuters.com))