21st Jun 2023 09:22
Digital 9 Infrastructure PLC - London-based investor in digital infrastructure - Says investee Arqiva Group Ltd enters inflation collar on 100% of inflation-linked swaps to limit exposure to retail price index fluctuations. Says RPI will be capped at 6.0%, limiting the downside exposure of Arqiva's cash flows. Adds the first accretion payment to be impacted by the collar will be in June 2024.
Digital 9 holds a 52% stake in Hampshire, England-based telecommunications company Arqiva.
Current stock price: 67.85 pence, down 3.8%
12-month change: down 40%
By Sabrina Penty, Alliance News reporter
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