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Verne Global update – Icelandic statutory approval

6 Mar 2024 07:00

RNS Number : 7186F
Digital 9 Infrastructure PLC
06 March 2024
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK'S MARKET ABUSE REGULATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, SUCH INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

 

6 March 2024

 

DIGITAL 9 INFRASTRUCTURE PLC

 

("D9" or the "Company" and, together with its subsidiaries, the "Group")

 

Verne Global update - Icelandic 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 unconditional merger control approval in Iceland was granted on 5 March 2024. This completes the list of statutory approvals required for the Verne Transaction in both Iceland and Finland.

 

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 granted conditional consent to the change of control (the "Change of Control Consent").

 

As a result, all closing conditions related to the Verne Transaction have now been satisfied. Although, at this stage, the Change of Control Consent is still conditional, the Company is confident that all conditions which will need to be met have either already been satisfied or will be satisfied shortly before completion of the Verne Transaction. Closing of the Verne Transaction is now expected to take place before the end of Q1 2024. The Company will update the market in due course upon completion.

 

ENDS.

 

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 

 

Triple Point Investment Management LLP

(Investment Manager)

Diego Massidda

Ben Beaton

Arnaud Jaguin

+44 (0)20 7201 8989

D9contact@triplepoint.co.uk

 

 

 

J.P. Morgan Cazenove (Joint Corporate Broker)

William Simmonds

Jérémie Birnbaum

+44 (0)20 7742 4000

Peel Hunt (Joint Corporate Broker)

Luke Simpson

Huw Jeremy

+44 (0) 20 7418 8900

 

 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDEANDSESPLEFA
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