Digital 9 Infrastructure PLC Verne Global update – Finnish statutory approval
March 05 2024 - 5:00AM
RNS Regulatory News
RNS Number : 6317F
Digital 9 Infrastructure PLC
05 March 2024
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:
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.
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END
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