Digital 9 reassures investors over share price slide

Digital 9 Infrastructure moved to reassure investors on Tuesday after continued volatility in its share price.

Shares in the investment firm, which specialises in the infrastructure used to run and manage the internet, have lost 27% over the last month, and 30% in the year to date.

But Digital 9, which joined the London Stock Exchange in 2021, insisted on Tuesday that it was not aware of any portfolio specific factors that might have caused the decline.

It continued: "The board believes that the discount to net asset value at which the company’s share price currently trades materially undervalues the company and its portfolio.

"The board maintains confidence in the group’s diversified portfolio of nine high-quality date centre, subsea fibre, wireless and terrestrial fibre assets, which continue to perform strongly, in line with management expectations."

Digital 9 added that following recent share purchases, the investment manager along with senior members of the digital infrastructure team now hold shares representing around 0.27% of the total issued share capital.