Digital 9 Infrastructure (DGI9) shareholders have been dealt a fresh blow after the investment trust’s audited end of December 2023 net asset value was slashed.
In its annual results published today (30 April), the trust posted an audited 2023 year-end NAV of £686.3m, equivalent to 79.3p per share. This is 5.6% lower than the unaudited NAV of £728m, or 84p per share, reported at the end of March this year. The board said the change reflects two material revisions to the unaudited independent valuation amounting to £41.5m, including a reduction in the potential earn-out from the Verne Global sale and a further write-down of the value of Aqua Comms. With regards to the earn-out valuation, the board said that after consultation with the auditor...
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