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Digital 9 Infrastructure PLC (D9) announced an update on the sale of its Verne Global group of companies to funds managed by Ardian France SA. Finnish foreign direct investment (FDI) approval was granted on 4 March 2024, completing Finnish statutory approvals following prior merger control approval on 29 January 2024. Revolving Credit Facility (RCF) lenders granted their approval, and Verne Facility lenders gave conditional consent, with Icelandic merger control approval remaining the sole outstanding closing condition.
| Date | 5 Mar 2024 |
| Time | 10:00:00 |
| Category | Miscellaneous |
| ID | 6317F |
5 March 2024
DIGITAL 9 INFRASTRUCTURE PLC
("D9" or the "Company" and, together with its subsidiaries, the "Group")
Verne Global update - Finnish statutory approval
The Board of D9 (the "Board") today provides a further update on the closing conditions required for the sale of the Verne Global group of companies ("Verne Global") to funds managed or advised by Ardian France SA or any of its affiliates (the "Buyer") ("Verne Transaction").
The Board is pleased to note that foreign direct investment ("FDI") approval in Finland was granted on 4 March 2024. This completes the list of Finnish statutory approvals required for the Verne Transaction following prior receipt of merger control approval on 29 January 2024.
As announced on 4 March 2024, Revolving Credit Facility ("RCF") lenders have granted their approval to proceed to completion of the Verne Transaction, while lenders under the debt facility in respect of the Icelandic branch of Verne Global (the "Verne Facility") granted conditional consent to the change of control (the "Change of Control Consent").
As a result, the only remaining condition required to close the Verne Transaction is receipt of merger control approval in Iceland. In line with the Company's announcement dated 8 February 2024, the Board continues to monitor the ongoing Phase II process and will provide an update to shareholders in due course.
ENDS.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
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Triple Point Investment Management LLP (Investment Manager) Diego Massidda Ben Beaton Arnaud Jaguin |
+44 (0)20 7201 8989
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J.P. Morgan Cazenove (Joint Corporate Broker) William Simmonds Jérémie Birnbaum |
+44 (0)20 7742 4000 |
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Peel Hunt (Joint Corporate Broker) Luke Simpson Huw Jeremy |
+44 (0) 20 7418 8900
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About Digital 9 Infrastructure plc:
Digital 9 Infrastructure plc (DGI9) is an investment trust listed on the London Stock Exchange and a constituent of the FTSE All-Share, with the ticker DGI9. The Company invests in the infrastructure of the internet that underpins the world's digital economy: digital infrastructure.
The Investment Manager is Triple Point Investment Management LLP ("Triple Point") which is authorised and regulated by the Financial Conduct Authority. For more information on the Investment Manager please visit www.triplepoint.co.uk. For more information, please visit www.d9infrastructure.com.