By Ed Frankl
Digital 9 Infrastructure PLC said Monday that it is looking to raise 200 million pounds ($276.7 million) in a share placing.
The placing price of 107.5 pence an ordinary share represents a discount of 8.7% to the closing price of 117.8 pence a share on Sept. 3, Digital 9 said.
The London-listed investment trust said it is targeting gross proceeds of around GBP200 million, which could be exceeded subject to demand.
The company said it would use the proceeds to acquire further assets.
Digital 9 raised GBP300 million at its initial public offering on March 31, and a further GBP175 million via a placing on June 8.
Write to Ed Frankl at edward.frankl@dowjones.com
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September 13, 2021 at 03:19PM
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