Share Name Share Symbol Market Type Share ISIN Share Description
Cordiant Digital Infrastructure Limited LSE:CORD London Ordinary Share GG00BMC7TM77 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -0.44% 112.00 112.00 112.50 113.00 112.00 113.00 708,054 16:35:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments - - - - 435

Cordiant Digital Infrastructure Ltd Exercise of Subscription Shares

02/08/2021 3:24pm

UK Regulatory (RNS & others)

Cordiant Digital Infrast... (LSE:CORD)
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RNS Number : 2967H

Cordiant Digital Infrastructure Ltd

02 August 2021


2 August 2021

Cordiant Digital Infrastructure Limited

(the "Company")





The Company announces that it has today conditionally allotted 6,017,044 new ordinary shares of no par value ("Ordinary Shares"), each at a price of GBP1.00 per share following the exercise of the subscription rights attaching to 6,017,044 of the Company's issued subscription shares of no par value each ("Subscription Shares"). 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 6 August 2021. Following Admission, the new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue.

Those Subscription Shares that have been exercised have been redeemed and cancelled by the Company for nil value with effect from 2 August 2021. There remain 27,829,246 Subscription Shares in issue.

Further exercise of subscription rights

Holders of Subscription Shares are reminded that August is the last month in which Subscription Shares may be exercised at a price of GBP1.00 per share. Details of the exercise cut-off date 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) 
 16/08/2021          31/08/2021                07/09/2021 
                    ------------------------  ---------------------- 

Thereafter, Subscription Shares may be exercised in February and August each year until February 2026 (being the Final Subscription Date).

A further announcement will be made by the Company for ease of reference in due course in relation to the applicable exercise dates and prices for 2022 (all of which are set out on page 96 of 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 .

Exercise of subscription shares by Directors

The following directors of the Company have exercised all of their Subscription Shares:

 Director          Number of Subscription   Total number of Ordinary 
                    Shares exercised         Shares following exercise 
 Marten Pieters    3,125                    28,125 
                  -----------------------  --------------------------- 

Total voting rights

Following Admission, the total number of Ordinary Shares in issue will be 388,420,736. The total number of C Shares in issue is 185,000,000. No Shares are held in treasury. Following Admission, the total number of voting rights in the Company (being the aggregate of C Shares and Ordinary Shares) will be 573,420,736. Following Admission, the figure of 573,420,736 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.

Capitalised terms shall have the same meaning attributed to them in the Company's prospectus dated 29 January 2021 (the "Prospectus") unless otherwise defined in this announcement.

For further information, please contact:

   Cordiant Digital Infrastructure Management Ltd 
 Stephen Foss, Managing Director 
  Investec Bank plc 
  Corporate Broker 
  Tom Skinner (Corporate Broking) 
  Lucy Lewis (Corporate Finance) 
  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 Limited primarily invests in the core infrastructure of the digital economy - data centres, fibreoptic networks and broadcast and telecommunication 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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(END) Dow Jones Newswires

August 02, 2021 10:24 ET (14:24 GMT)

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