London Stock Exchange welcomes Digital 9 Infrastructure plc to the Specialist Fund Segment of the Main Market

London Stock Exchange welcomed Digital 9 Infrastructure plc to the Specialist Fund Segment of the Main Market today, after it raised gross proceeds of £300 million in its Initial Public Offering.

Digital 9 Infrastructure plc (DGI9) is a newly established, externally managed investment trust. It will invest in a range of digital infrastructure assets which deliver a reliable, functioning internet. The portfolio will comprise future proofed, non-legacy, scalable platforms and technologies including (but not limited to) subsea fibre, data centres, terrestrial fibre, tower infrastructure and small cell networks (including 5G). DGI9 will focus, primarily, on digital infrastructure investments which are operational and with an existing customer base. 

Following the completion of the offer, DGI9 will acquire Aqua Comms, a platform owning and operating some 14,300km of the most reliable and resilient trans-Atlantic sub-sea fibre systems - the very "backbone" of the internet.

DGI9’s investment manager is Triple Point Investment Management LLP, an experienced manager with over £1.8 billion of private, institutional, and public capital and has extensive experience in asset and project finance, portfolio management and structured investments.

Akur Limited acted exclusively as Financial Adviser for Digital 9 Infrastructure plc and J.P. Morgan Cazenove acted as Global Coordinator and Sole Bookrunner on the IPO. 

Jack Waters, Chair of Digital 9 Infrastructure plc said: "The Board is delighted that such a broad and deep investor base is as excited about D9 as we are. As planned, our first acquisition will be into Aqua Comms, a platform owning some 14,300km of modern, operational trans-Atlantic subsea fibre, representing the true backbone of the internet. We expect this first transaction to underpin our 6p dividend target.

As a board we look forward to working together with Triple Point in rapidly deploying the rest of the proceeds into other critical digital infrastructure assets."

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
932.22
Listing/Admission to trading
31 Mar 2021
Looking for new and recent issues?

More recent

London Stock Exchange welcomes EnSilica plc to AIM

EnSilica is a designer and supplier of mixed signal ASICs (Application Specific Integrated Circuit). ASICs are Integrated Circuits or semiconductor chips developed for a particular use or product rather than for general purpose usage.  ASICs help differentiate products through optimised hardware making products smaller, faster, lower power, improved security, add

Learn more
60.84
London Stock Exchange Group welcomes The Future Investment Initiative Institute, celebrating the launch of the FII regional summit “Inclusive ESG for Emerging Markets”

The Future Investment Initiative (FII) Institute is a new global nonprofit foundation with an investment arm and one agenda: Impact on Humanity. Global, inclusive and committed to ESG principles, the FII Institute fosters great minds from around the world and turn ideas into real-world solutions in four critical areas: AI and Robotics, Education, Healthcare and Sustainability. The FII Institute

Learn more
European Assets Trust PLC celebrates 50 years.

This year, European Assets Trust PLC celebrates its fiftieth anniversary since launch in May 1972. The Company was created in 1972 following the acquisition of a Dutch investment company ‘Mijbeb NV’ by a consortium of United Kingdom institutional investors and the appointment of a predecessor of BMO Investment Business Limited as its Manager.

Initially the Company was listed solely on

Learn more
55.76
London Stock Exchange welcomes Grayscale and HANetf Celebrating the launch of Grayscale Future of Finance UCITS ETF

Grayscale Investments®, the world’s largest digital currency asset manager, today announced its first European ETF, Grayscale Future of Finance UCITS ETF (ticker: GFOF), that has listed on the London Stock Exchange (LSE) and will also be passported for sale across Europe.  

GFOF tracks the investment performance of the Bloomberg Grayscale Future of Finance Index and seeks to offe

Learn more