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Another £300m for 2021’s IPO stars Digital 9 Infrastructure and Cordiant Digital Infrastructure

Another £300m for 2021’s IPO stars Digital 9 Infrastructure and Cordiant Digital Infrastructure – Digital 9 Infrastructure (DGI9) and Cordiant Digital Infrastructure (CORD), both of which only launched in March last year before going on to raise further funds during 2021, have raised almost £300m between them via their respective placing programmes.

Digital 9 Infrastructure raised £95.2m via its placing programme which will see 88,148,880 new ordinary shares issued at 108.0p per share. The funds will be used to acquire further assets identified in the company’s pipeline of investment opportunities at IPO.

Chair, Jack Waters, said: “The company continues to make significant progress in building a diversified portfolio of Digital Infrastructure assets with sustainability at their core, whether the environmental credentials of the Verne Global data centre platform or the increase in connectivity provided by Aqua Comms and the new EMIC-1 subsea cable. We very much appreciate the continued support of our shareholders and new investors, particularly in the current volatile market, and look forward to reporting on the deployment of these funds, together with our anticipated debt funding, in due course.”

Meanwhile, Cordiant Digital Infrastructure has raised £200m through the placing of 188,679,245 new ordinary shares at a price of 106 pence per share under the company’s placing programme. Total applications exceeded the gross proceeds accepted and therefore a scaling back exercise has taken place. The net proceeds will be used to fully finance the acquisition of Emitel.

Steve Marshall, chairman of Cordiant Digital Infrastructure Management, said: “The completion of the acquisition of Emitel, with the proceeds of the capital raise, will result in an assembled portfolio with strong cash flow generation and attractive growth opportunities. We will continue to explore opportunities to expand the portfolio over time across the UK, Europe and North America.”

DGI9/CORD : Another £300m for 2021’s IPO stars Digital 9 Infrastructure and Cordiant Digital Infrastructure

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