Investment Manager Share Purchase

Source: RNS
RNS Number : 9783A
Cordiant Digital Infrastructure Ltd
20 August 2024
 

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"), 346,980 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 percent 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 76.6p 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

2,081,713

0.27%

 

For Further Information, please visit www.cordiantdigitaltrust.com or contact:

Cordiant Capital Inc

Investment Manager

Stephen Foss, Managing Director

+44 (0) 207 2017546

 

Aztec Financial Services (Guernsey) Limited

Company Secretary and Administrator

Chris Copperwaite

Laura Dunning

+44 (0) 1481 749700

 

Celicourt

Financial Communications Adviser

Ali AlQahtani

Philip Dennis

 

+44 (0) 207 770 6424

 

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