Last checked at 1 Dec 2022 07:00
1 December 2022
LEI: 213800T8RBBWZQ7FTF84
Cordiant Digital Infrastructure Limited
(the "Company")
Purchase of Ordinary Shares under the Investment Management Agreement
The Company announces that, in accordance with the terms of the investment management agreement between the Company, Cordiant Capital Inc. and Cordiant Digital Infrastructure Management LLP dated 29 January 2021 (the "Investment Management Agreement"), 440,611 ordinary shares each of no par value (the "Shares") have been purchased by Cordiant Digital Infrastructure Management LLP ("CDIM").
Under the terms of the Investment Management Agreement, on a semi-annual basis in respect of the six-month period ending 31 March and 30 September in each year, CDIM is required to apply an amount in aggregate equal to 10 per cent. of the management fee for the relevant six-month period to the acquisition of ordinary shares in the Company. The Shares were acquired at an average price of 89.4p per Share. The Shares purchased are subject to a 12 month lock up period under the terms of the Investment Management Agreement.
Following the purchase, the beneficial interests of CDIM in the issued share capital of the Company is as follows:
| Number of ordinary shares | % of issued share capital |
Cordiant Digital Infrastructure Management LLP | 865,975 | 0.11% |
For Further Information, please visit www.cordiantdigitaltrust.com or contact:
Cordiant Capital Inc. Investment Manager Stephen Foss, Managing Director | +44 (0) 20 7201 7546 |
Celicourt PR Adviser Philip Dennis / Felicity Winkles Aztec Financial Services (Guernsey) Limited Company Secretary and Administrator Chris Copperwaite / Laura Dunning | +44 (0)20 8434 2643
+44 (0) 14 8174 8831 |