Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
An update from Digital 9 Infrastructure Plc ( (GB:DGI9) ) is now available.
Digital 9 Infrastructure plc announced the divestment of its interests in EMIC-1 for $42 million, expected to complete by March 2025. The sale, influenced by ongoing conflicts in the Red Sea area, allows the company to reduce its Revolving Credit Facility balance and release it from $10 million in construction commitments. This divestment marks a significant step towards winding down the company and deleveraging its balance sheet, as Digital 9 continues discussions on selling its remaining subsea cable assets and engages with shareholders in early 2025. The transaction reflects the company’s strategy to maximize asset value and make timely returns to shareholders in a challenging market environment.
More about Digital 9 Infrastructure Plc
Digital 9 Infrastructure plc (DGI9) is an investment trust listed on the London Stock Exchange, part of the FTSE All-Share index. The company’s primary focus is on undertaking a managed wind-down of its operations by realizing all existing assets in its portfolio in an orderly manner.
YTD Price Performance: -39.23%
Average Trading Volume: 2,484,568
Technical Sentiment Consensus Rating: Buy
Learn more about DGI9 stock on TipRanks’ Stock Analysis page.
