Cordiant Digital Infrastructure Ltd Investment Manager Share Purchase

RNS Number : 9783A

Cordiant Digital Infrastructure Ltd

20 August 2024

 

Cordiant Digital Infrastructure Limited

 (the "Company")

 

Purchase of Ordinary Shares under the Investment Management Agreement

The Company announces that, in accordance with the terms of the investment management agreement between the Company, Cordiant Capital Inc. and Cordiant Digital Infrastructure Management LLP dated 29 January 2021 (the "Investment Management Agreement"), 346,980 ordinary shares each of no par value (the "Shares") have been purchased by Cordiant Digital Infrastructure Management LLP ("CDIM").

Under the terms of the Investment Management Agreement, on a semi-annual basis in respect of the six-month period ending 31 March and 30 September in each year, CDIM is required to apply an amount in aggregate equal to 10 percent of the management fee for the relevant six-month period to the acquisition of ordinary shares in the Company.  The Shares were acquired at an average price of 76.6p per Share.  The Shares purchased are subject to a 12 month lock up period under the terms of the Investment Management Agreement.

Following the purchase, the beneficial interests of CDIM in the issued share capital of the Company is as follows: 

	Number of ordinary shares	% of issued share capital
Cordiant Digital Infrastructure Management LLP	2,081,713	0.27%

 

For Further Information, please visit www.cordiantdigitaltrust.com or contact:

Cordiant Capital Inc Investment Manager Stephen Foss, Managing Director	[phone]
Aztec Financial Services (Guernsey) Limited Company Secretary and Administrator Chris Copperwaite Laura Dunning	[phone]
Celicourt Financial Communications Adviser Ali AlQahtani Philip Dennis	[phone]

 

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