Cordiant Digital Infrastructure Ltd Exercise of Subscription Shares (5269X)
05 May 2021 - 2:09AM
UK Regulatory
TIDMCORD
RNS Number : 5269X
Cordiant Digital Infrastructure Ltd
04 May 2021
LEI: 213800T8RBBWZQ7FTF84
4 May 2021
Cordiant Digital Infrastructure Limited
(the "Company")
EXERCISE OF SUBSCRIPTION SHARES
and
TOTAL VOTING RIGHTS
The Company announces that it has today conditionally allotted
771,713 new ordinary shares of no par value, each at a price of
GBP1.00 per share following the exercise of the subscription rights
attaching to 771,713 of the Company's issued subscription shares of
no par value each. The new ordinary shares have been issued
conditionally upon admission to trading on the Specialist Fund
Segment of the London Stock Exchange plc's main market
("Admission"). An application for Admission will be made to the
London Stock Exchange plc and it is expected that Admission will
occur at 8:00 a.m. on 10 May 2021. Following Admission, the new
ordinary shares will rank pari passu with the existing ordinary
shares in issue.
The subscription shares exercised have been redeemed and
cancelled by the Company for nil value with effect from 4 May 2021.
There remain 44,547,822 subscription shares in issue.
Total voting rights
Following Admission, the total number of ordinary shares in
issue will be 371,702,160 and the total number of voting rights in
the Company following Admission will be 371,702,160. There are no
shares held in treasury.
Following Admission, the above figure of 371,702,160 may be used
by shareholders as the denominator for the calculation by which
they may determine if they are required to notify their interest
in, or change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Further exercise of subscription rights
Holders of subscription shares are reminded that subscription
shares may be exercised at a price of GBP1.00 per share each month
between April and August 2021 and details of the exercise cut-off
date in each such month is set out below.
The last date Applicable subscription Proposed admission
for the exercise date for the date of new ordinary
of Subscription relevant month shares
shares in each
month (April
to August 2021)
14/05/2021 28/05/2021 07/06/2021
------------------------ ----------------------
16/06/2021 30/06/2021 07/07/2021
------------------------ ----------------------
16/07/2021 30/07/2021 06/08/2021
------------------------ ----------------------
17/08/2021 31/08/2021 07/09/2021
------------------------ ----------------------
A further announcement will be made by the Company for ease of
reference in due course in relation to the applicable exercise
dates for 2022 (all of which are set out in the Prospectus).
In relation to exercise of the subscription shares, copies of
the Certificated Subscription Notice (for use by holders holding
subscription shares in certificated form) and the Supplementary
Subscription Notice (for use, if required, by holders holding
subscription shares in CREST) are available for download from the
Company's website at www.cordiantdigitaltrust.com .
Capitalised terms shall have the same meaning attributed to them
in the Company's prospectus dated 29 January 2021 unless otherwise
defined in this announcement.
For further information, please contact:
Cordiant Capital, Inc
Stephen Foss, Managing Director
Investec Bank plc
Sole Financial Adviser and Corporate Broker
Tom Skinner (Corporate Broking)
Lucy Lewis, David Yovichic, Denis Flanagan
(Corporate Finance)
Camarco
Financial Communications Adviser
Louise Dolan
Eddie Livingstone-Learmonth
Monique Perks
Billy Clegg
Ocorian Administration (Guernsey) Limited +44 (0)20 7201 7546
Company Secretary and Administrator +44 (0)20 7597 4000
Ian Smith +44 (0)20 3757 4980
Holly Tierney +44 (0) 1481 742742
Notes to Editors:
Cordiant Digital Infrastructure Trust will primarily invest in
the core infrastructure of the digital economy - data centres,
fibreoptic networks and mobile towers - "the plumbing of the
internet" - in the UK, Europe and North America. Further details of
the Company can be found on the Company's website at
www.cordiantdigitaltrust.com.
Cordiant Capital Inc., the Company's investment manager, is a
sector-focused investment manager with particular expertise and
experience in digital infrastructure. Cordiant invests in global
infrastructure and real assets, running infrastructure private
equity and infrastructure private credit strategies through limited
partnership funds and managed accounts. Cordiant's current client
base consists of global insurance companies, pension plans and
family offices.
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END
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