Digital 9 raises £95.2 million via new Ordinary Shares
Digital 9 Infrastructure plc has announced that it looks set to raise £95.2 million via the Placing of new Ordinary Shares. 88,148,880 new Ordinary Shares will be issued at 108.0p per share, raising gross proceeds of £95.2 million.
The funds will be used to acquire assets in line with the company’s core objective of investing in sustainable digital infrastructure that will meet the increasing global demand for improved speed, reliability and accessibility of internet connection.
D9 has now raised a total of £845m in equity since its IPO at the end of March 2021 and a further oversubscribed fundraise in September 2021. In spite of a recently dampened tech equities market felt globally, the urgently needed digital infrastructure sector remains strong and requiring development capital. D9 has already deployed £693 million into subsea fibre networks and data centres including Verne Global and SeaEdge UK1, boosting the UK’s already robust telecommunications infrastructure market.
Jack Waters, Chair of Digital 9 Infrastructure plc, said: “The Company continues to make significant progress in building a diversified portfolio of Digital Infrastructure assets with sustainability at their core, whether the environmental credentials of the Verne Global data centre platform or the increase in connectivity provided by Aqua Comms and the new EMIC-1 subsea cable.
“We very much appreciate the continued support of our shareholders and new investors, particularly in the current volatile market, and look forward to reporting on the deployment of these funds, together with our anticipated debt funding, in due course.”