The following amendment has been
made to the 'Update on expected timing for Icelandic regulatory
approval for Verne Global sale' announcement released on 8 February
2024 at 7.00am under RNS No 4128C.
The period to which the Phase II
investigation can be extended has been corrected to 125
days.
All other details remain
unchanged.
The full amended text is shown
below.
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.
8 February 2024
DIGITAL 9
INFRASTRUCTURE PLC
("D9" or
the "Company" and, together with its subsidiaries, the
"Group")
Update on
expected timing for Icelandic regulatory approval for Verne Global
sale
The Board of D9 (the "Board") wishes to provide an update to
shareholders on the status of the expected timeline for the closing
of 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).
As previously announced by the
Company on 27 November 2023, the closing of the Verne Transaction
is conditional on, among other things, the receipt of applicable
merger control approval in Iceland ("Icelandic Regulatory Approval").
As also previously announced on 27 November 2023 and 29 January
2024, the Company's expectation has been that this approval will be
received by the end of Q1 2024.
The Company's Investment Manager,
Triple Point Investment Management LLP, has been notified by the
Buyer that the Icelandic anti-trust authority, the body responsible
for providing the Icelandic Regulatory Approval, has decided to
open a "Phase II investigation" into the Verne Transaction.
Under the relevant applicable law, the period for the Phase II
investigation is up to 90 working days which can be extended to 125
working days. The Icelandic anti-trust authority is not
obliged to use the full period to conclude its review.
The Board will continue to monitor
this process and provide an update to shareholders 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
Goldman Sachs International (Lead Financial
Adviser)
Alexandre Lucas
Owain Evans
Fabrice Francois
Alexander Tingle
|
+44 (0)20 7201
8989
+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
|
The person responsible for making
this notification is Helen Richardson, Company
Secretary.
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, 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 (other than Verne Global):
· 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.
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.