News & media Cordiant digital infrastructure limited – Result of Initial Public Offering
Cordiant Digital Infrastructure Limited is pleased to announce that it has successfully raised gross proceeds of £370 million through its Placing and Offer for Subscription of Ordinary Shares and issue of Subscription Shares (together the “Initial Issue”) at an issue price of 100 pence per Ordinary Share. Subscription Shares will be issued to subscribers in the Initial Issue for nil value on the basis of one Subscription Share for every eight Ordinary Shares subscribed.
Application will be made for 370,000,000 Ordinary Shares and 46,249,982 Subscription Shares to be admitted to trading on the Specialist Fund Segment of the London Stock Exchange’s main market. It is expected that Initial Admission will become effective and that dealings will commence in the Ordinary Shares and Subscription Shares at 8.00 a.m. on 16 February 2021.
The Company’s investment objective is to seek to generate attractive total returns for Shareholders over the longer term, comprising capital growth and a progressive dividend through investment in Digital Infrastructure Assets, with a predominant focus on data centres, mobile telecommunications/broadcast towers and fibre-optic network assets.
Investec Bank plc acted as Sole Financial Adviser, Global Coordinator and Bookrunner.
Shonaid Jemmett-Page, Chairman of the Company, said:
“The Board is delighted at the broad and deep support from our new shareholders for the launch of the Company. This is recognition, in our view, of the strength of our management team and the potential for the strategy to deliver both investment returns and positive impact across societies. We thank you for your support.”
Benn Mikula, Managing Partner and Co-CEO of Cordiant Capital Inc., said:
“I would like to thank our new shareholders for their support in the launch of a dedicated digital infrastructure investment trust. This is an exciting time to be investing in digital infrastructure and we look forward to updating you on the first investments in the coming months.”
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.
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
For further information, please contact:
Stephen Foss, Managing Director
stfoss@cordiantcap.com
Investec Bank plc
Sole Financial Adviser, Global Coordinator and Bookrunner
+44 (020 7597 4000)
Tom Skinner (Corporate Broking)
Lucy Lewis, David Yovichic, Denis Flanagan (Corporate Finance)
Dominic Waters, Will Barnett, Neil Brierley, Alice Douglas (Sales)
Camarco
Financial Communications Adviser
+44 (020 3757 4980)
cordiantdigitalinfra@camarco.co.uk
Louise Dolan
Eddie Livingstone-Learmonth
Monique Perks
Billy Clegg
