THIS ANNOUNCEMENT CONTAINS 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.
6 March 2024
DIGITAL 9
INFRASTRUCTURE PLC
("D9" or
the "Company" and, together with its subsidiaries, the
"Group")
Verne Global update -
Icelandic statutory approval
The Board of D9 (the "Board") today provides a further update
on the closing conditions required for the sale of the Verne Global
group of companies ("Verne
Global") to funds managed or advised by Ardian France SA or
any of its affiliates (the "Buyer") ("Verne Transaction").
The Board is pleased to note that
unconditional merger control approval in Iceland was granted on
5 March 2024. This completes the list of
statutory approvals required for the Verne Transaction in both
Iceland and Finland.
As announced on 4 March 2024,
Revolving Credit Facility ("RCF") lenders have granted their
approval to proceed to completion of the Verne Transaction, while
lenders under the debt facility in respect of the Icelandic branch
of Verne Global granted conditional consent to the change of
control (the "Change of Control
Consent").
As a result, all closing conditions
related to the Verne Transaction have now been satisfied.
Although, at this stage, the Change of Control
Consent is still conditional, the Company is confident that all
conditions which will need to be met have either already been
satisfied or will be satisfied shortly before completion of the
Verne Transaction. Closing of the Verne Transaction is now
expected to take place before the end of Q1 2024. The Company will update the market in due course upon
completion.
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
D9contact@triplepoint.co.uk
|
|
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
|
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 All-Share, 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. For more information
on the Investment Manager please
visit www.triplepoint.co.uk.
For more information, please visit www.d9infrastructure.com.