Digital 9 Infrastructure receives deferred £20m payment from Verne Global sale

Ringfenced funds released

Eve Maddock-Jones
clock • 1 min read

Digital 9 Infrastructure (D9) trust has received the deferred consideration payment from its near £450m sale of Verne Global.

The sale was completed back in March but today (29 April), the company collected around £20m. Digital 9 Infrastructure shareholders overwhelmingly back wind-down policy D9's shareholders overwhelmingly voted in favour of a wind down of the investment trust in March following a two-month strategic review conducted by the board. The board originally divided part of the proceeds to cover any potential costs and ringfenced £23m from the initial proceeds of the sale to cover "certain indemnification provisions" arising from the Verne Global deal. These provisions no longer apply howe...

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