Digital 9 Infrastructure NPV (DGI9)

Sector:

Investment Firms

Index:

FTSE Small Cap

15.00p
   
  • Change Today:
      0.30p
  • 52 Week High: 32.85
  • 52 Week Low: 14.61
  • Currency: UK Pounds
  • Shares Issued: 865.17m
  • Volume: 1,129,083
  • Market Cap: £129.78m
  • Beta: 1.80

Eric Sanderson appointed as chair of Digital 9

By Josh White

Date: Wednesday 08 May 2024

LONDON (ShareCast) - (Sharecast News) - Digital 9 Infrastructure announced the appointment of Eric Sanderson as its independent non-executive chair on Wednesday, to oversee the company's wind-down.
The London-listed firm said Sanderson, a chartered accountant and former chief executive officer of British Linen Bank, would bring much experience to the role, having previously served as chief executive of Bank of Scotland's treasury arm, alongside extensive non-executive board experience in investment companies.

He currently holds the position of non-executive chair of JPMorgan Emerging Europe, Middle East & Africa Securities and BlackRock Greater Europe Investment Trust.

Sanderson also served as non-executive chair of Schroders UK Mid Cap Fund, and held directorial roles in various companies including Dunedin Enterprise Investment Trust.

Upon approval from the Jersey Financial Services Commission (JFSC), Sanderson's appointment would take immediate effect, leading to the resignation of Charlotte Valeur as interim chair and independent non-executive director.

After assuming his role, Digital 9 said Sanderson would join several committees, including the risk, valuation, nomination, and management engagement committees.

Sanderson's appointment followed an independent external recruitment process led by the board's nomination committee.

The committee, with Eric Sanderson's assistance, was actively recruiting at least one additional non-executive director to support the managed wind-down, with further updates expected in due course.

Sanderson did not currently hold any shares in the Company.

"We look forward to welcoming Eric Sanderson as a highly experienced and respected investment trust chair to lead the company through its managed wind-down process," said Gailina Liew, chair of the firm's nomination committee and senior independent director.

"We also take this opportunity to thank Charlotte Valeur for her commitment to the company since IPO and for her dedicated leadership as interim chair of the company over the past four months.

"As a board, we remain committed to executing an orderly wind-down to maximise shareholder value over time."

At 1115 BST, shares in Digital 9 Infrastructure were down 0.86% at 21.86p.

Reporting by Josh White for Sharecast.com.

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DGI9 Market Data

Currency UK Pounds
Share Price 15.00p
Change Today 0.30p
% Change 2.04 %
52 Week High 32.85
52 Week Low 14.61
Volume 1,129,083
Shares Issued 865.17m
Market Cap £129.78m
Beta 1.80

DGI9 Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
92.06% above the sector average92.06% above the sector average92.06% above the sector average92.06% above the sector average92.06% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
97.48% below the sector average97.48% below the sector average97.48% below the sector average97.48% below the sector average97.48% below the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
72.28% above the sector average72.28% above the sector average72.28% above the sector average72.28% above the sector average72.28% above the sector average
Growth
Market averageMarket averageMarket averageMarket averageMarket average
43.77% above the sector average43.77% above the sector average43.77% above the sector average43.77% above the sector average43.77% above the sector average

DGI9 Dividends

  Latest Previous
  1st Interim 4th Interim
Ex-Div 15-Jun-23 16-Mar-23
Paid 30-Jun-23 31-Mar-23
Amount 1.50p 1.50p

Trades for 04-Dec-2024

Time Volume / Share Price
16:36 37,676 @ 15.00p
16:36 2,324 @ 15.00p
16:36 10,000 @ 15.00p
16:36 25,000 @ 15.00p
16:36 2,324 @ 15.00p

DGI9 Key Personnel

Chair Eric Sanderson

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