Digital 9 Infrastructure shareholder calls for strategic review by 3 November

Or EGM will be requisitioned

Valeria Martinez
clock • 3 min read

Aqua Ventures, which holds a 3.47% stake in embattled trust Digital 9 Infrastructure (DGI9), has urged the board to initiate an independent strategic review by 3 November, or it will requisition an extraordinary shareholder meeting to remove and replace the directors.

In a letter to DGI9 chair Phil Jordan, the firm said the board must initiate a "proper" strategic review supported by an independent financial adviser acceptable to them, and elect a new independent board member with M&A experience to oversee its execution. "A failure to evaluate options for the company could result in a serious breach of fiduciary duty that will cause irreparable harm to the company and its shareholders. In such circumstances there will inevitably be cause to investigate," it said.  Digital 9 Infrastructure weighs divestment from crown jewel Verne Global The firm ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Scottish Mortgage keeping activists at bay with ongoing share buybacks

Scottish Mortgage keeping activists at bay with ongoing share buybacks

£2bn spent on scheme so far

Eve Maddock-Jones
clock 04 July 2025 • 3 min read
IBT's Ailsa Craig and Marek Poszepczynski: Biotech innovation will overcome policy noise

IBT's Ailsa Craig and Marek Poszepczynski: Biotech innovation will overcome policy noise

Sector not primary target of US reforms

Ailsa Craig and Marek Poszepczynski
clock 04 July 2025 • 4 min read
Murray Income trust launches 'surprise' strategic review amid lagging performance

Murray Income trust launches 'surprise' strategic review amid lagging performance

Trading at 10.3% discount to NAV

Sorin Dojan
clock 03 July 2025 • 1 min read
Trustpilot