TIDMDGI9
RNS Number : 4735R
Digital 9 Infrastructure PLC
27 October 2023
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT MAY
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE UK'S MARKET
ABUSE REGULATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, SUCH
INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC
DOMAIN.
27 October 2023
DIGITAL 9 INFRASTRUCTURE PLC
("D9", the "Company" or, together with its subsidiaries, the
"Group")
Company Update
Further to the announcement on 17 October 2023 regarding the
Company's shareholder consultation, the Board of Directors of
Digital 9 Infrastructure plc (the "Board") continues to develop a
set of actions focused on maximising value for D9's
shareholders.
After careful consideration of the feedback received during the
shareholder consultation, among the actions the Board is assessing
is a divestment of the Company's entire stake in the Verne Global
group of companies ("Verne Global") (the " Proposed Transaction ").
The Company received indicative offers from interested parties for
the Proposed Transaction during the competitive process to
syndicate a majority stake in Verne Global to a strategic capital
partner (the "Syndication") and executed terms are expected to be
announced in Q4 2023.
Compared with the Syndication, the Board believes the Proposed
Transaction would enable the Company to accelerate its balance
sheet deleveraging, deliver the cash resources necessary for the
Company and Group to strengthen their position, and further
maximise shareholder value.
A further update will be provided on the Proposed Transaction in
due course.
ENDS.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment Management
LLP
(Investment Manager)
Diego Massidda
Ben Beaton
Arnaud Jaguin
+44 (0)20 7201 8989
Goldman Sachs International (Lead Financial
Adviser and Financial Adviser on the
Proposed Transaction)
Alexandre Lucas
Owain Evans
Fabrice Francois +44 (0) 20 7774 1000
J.P. Morgan Cazenove (Joint Corporate
Broker)
William Simmonds
Jérémie Birnbaum +44 (0)20 7742 4000
Peel Hunt (Joint Corporate Broker)
Luke Simpson
Huw Jeremy +44 (0) 20 7418 8900
FTI Consulting (Communications Adviser) dgi9@fticonsulting.com
Ed Berry +44 (0)7703 330 199
Mitch Barltrop +44 (0)7807 296 032
Maxime Lopes +44 (0) 7890 896 777
For the purposes of UK MAR, the identity of the person making
this notification is Luke Cheshire.
LEI: 213800OQLX64UNS38U92
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 the 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.
Since IPO in March 2021, DGI9 has invested in the following data
centres, subsea fibre and wireless network assets:
-- 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;
-- 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;
-- Elio Networks (previously Host Ireland) a leading enterprise
broadband provider that owns and operates Fixed Wireless Access
networks;
-- EMIC-1 , a partnership with Meta on a 10,000km fibre system from Europe to India;
-- 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;
-- Verne Global group of companies comprising:
o 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;
o Verne Global London (previously Volta), a premier data centre
based in central London, providing 6MW of retail co-location
services;
o Verne Global Finland (previously Ficolo), a leading Finnish
data centre and cloud infrastructure platform, with existing
buildings capable of providing up to c.23MW of data centre
capacity, powered by 100% renewable power and distributing surplus
heat to district heating networks.
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 . For more information, please visit
www.d9infrastructure.com .
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.
J.P. Morgan Securities plc, which conducts its UK investment
banking business as J.P. Morgan Cazenove and which is authorised in
the United Kingdom by the PRA and regulated in the United Kingdom
by the PRA and the FCA, ("J.P. Morgan Cazenove"), is acting as
financial adviser exclusively to Digital 9 Infrastructure plc and
no one else in connection with the shareholder consultation
announced by the Company on 17 October 2023 (the "Consultation")
and will not regard any other person as its client in relation to
the Consultation and will not be responsible to anyone other than
Digital 9 Infrastructure plc for providing the protections afforded
to clients of J.P. Morgan Cazenove or its affiliates, nor for
providing advice in relation to the Consultation or any other
matter or arrangement referred to herein, including, but not
limited to, the Proposed Transaction.
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END
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