19th Aug 2025 11:03
(Alliance News) - Cordiant Digital Infrastructure Ltd on Tuesday said it has reached an agreement with its investment manager, Cordiant Capital Inc, to end the requirement to reinvest 10% of its annual management fee into the company's shares.
The UK-based investor in specialist digital infrastructure said the amendment signifies the strong alignment between the company, investment manager and shareholders, citing the high proportion of shares held by the investment manager and its team, describing the level as "far in excess" of the 10%.
The company also noted that the annual management fee is based on the lower of market capitalisation or net asset value, with no floor.
Cordiant Digital Infrastructure said Cordiant Capital was paid GBP6.1 million in aggregate annual management fees for the financial year that ended March 31, representing 0.6% of the average of its opening and closing NAV for the period.
The company added that Cordiant Capital and members of the Digital Infrastructure team own 15.4 million shares, representing 2.01% of the company's share capital, with Cordiant Digital Infrastructure Executive Chair & Co-Founder Steven Marshall holding 13.3 million of these shares.
It further stated that Cordiant Capital and Steven Marshall have committed to ensuring that their combined shareholding will not fall below the minimum level that would have been required under the investment management agreement prior to the amendment.
Shares in Cordiant Digital Infrastructure were flat at 99.80 pence on Tuesday morning in London.
By Christopher Ward, Alliance News reporter
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