29th Sep 2021 19:26
Digital 9 Infrastructure PLC - digital infrastructure assets investor managed by Triple Point Investment Management LLP - Raises GBP275 million through significantly oversubscribed placing of 255.8 million shares at a price of 107.5 pence each.
Fundraising amount was increased from maximum target of GBP200 million due to strong support from investors. Proceeds from the placing will go towards acquiring further assets in line with the company's investment objective.
"The drivers of digital infrastructure are increasing rapidly as more of our lives move online, fundamentally changing the way we work, shop and socialise. These long-term changes in behaviour have been accelerated by, or result from, the Covid-19 pandemic as well as more fundamental trends in data usage. Our existing shareholders and new investors have identified the opportunity that investing in D9 represents - a means for them to participate in this exciting sector at a critical point in time," says Chair Jack Waters.
Current stock price: 107.40 pence
Year-to-date change: up 7.9% since March 31
By Dayo Laniyan; [email protected]
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