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Digital 9 Infrastructure Plc ( (GB:DGI9) ) has issued an update.
Digital 9 Infrastructure plc has confirmed it will not exercise its pre-emption rights to acquire an additional 26.5% stake in UK broadcast and communications infrastructure provider Arqiva, ahead of the expiry of a pre-emption notice referenced in a recent portfolio update. The board, working with InfraRed Capital Partners and external advisers, concluded after detailed due diligence that committing further capital to Arqiva would not be in shareholders’ best interests under the company’s March 2024 investment policy, which prioritises capital returns over new or follow-on investments except where necessary to protect value or support an orderly asset disposal. The decision underscores D9’s focus on executing its managed wind-down strategy, balancing risk, value maximisation and timely capital return to investors rather than expanding exposure to existing portfolio assets.
The most recent analyst rating on (GB:DGI9) stock is a Sell with a £0.08 price target. To see the full list of analyst forecasts on Digital 9 Infrastructure Plc stock, see the GB:DGI9 Stock Forecast page.
More about Digital 9 Infrastructure Plc
Digital 9 Infrastructure plc is a London-listed investment trust and FTSE All-Share constituent focused on a managed wind-down of its portfolio of digital infrastructure assets, aiming to realise existing investments in an orderly manner and return capital to shareholders. InfraRed Capital Partners, appointed as the company’s AIFM and wind-down manager, oversees this process, leveraging its global infrastructure investment expertise and US$13 billion of equity under management.
Average Trading Volume: 3,306,013
Technical Sentiment Signal: Sell
Learn more about DGI9 stock on TipRanks’ Stock Analysis page.