Exhibit 99.1
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Digital Realty Shareholders Approve Combination with InterXion
SAN FRANCISCO, February 28, 2020 –Digital Realty (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, announced today its shareholders approved all proposals related to the previously announced pending combination with InterXion (NYSE: INXN), a leading provider of carrier- and cloud-neutral colocation data center services in Europe.
“We were gratified by the overwhelming shareholder support for the combination, with over 90% of votes cast by both sets of shareholders in favor of the proposals necessary to consummate the combination,” said Digital Realty Chief Executive Officer A. William Stein. “We look forward to completing the exchange offer and closing the transaction in short order. Together with InterXion, we will be even better positioned to enable customers to solve for the full spectrum of data center requirements across a global platform, and we are confident the combination of our two organizations will significantly enhance our ability to create long-term value for the customers, shareholders and employees of both companies.”
Regulatory Approval Update
Earlier this morning, Digital Realty and InterXion received approval for the transactions contemplated by the Purchase Agreement from the French Ministry of Economy and Finance, the foreign investment regulatory authority. As a result, all regulatory approvals required under the Purchase Agreement have now been obtained, and the condition of the Exchange Offer related to receipt of required regulatory approvals has been satisfied.
Opportunity for InterXion Shareholders to Receive Digital Realty’s Declared Quarterly Dividend
Earlier this week, Digital Realty’s Board of Directors authorized a common stock cash dividend of $1.12 per share to common stockholders of record as of the close of business onMarch 17, 2020. If 80% or more of outstanding InterXion shares on a fully-diluted andas-converted basis are tendered by the expiration of the initial offering period and all other required conditions are satisfied as described below, tendering InterXion shareholders should be holders of record of Digital Realty stock as of the record date and have the opportunity to receive the first-quarter dividend.
If the initial offering period is extended for any reason, InterXion shareholders would not be expected to become holders of record of Digital Realty common stock by the close of business on March 17, 2020, and consequently wouldnot be entitled to receive the first-quarter dividend in any closing of the offer.
Anticipated Timing for Completion of the Offer
Digital Realty expects to complete the pending exchange offer for all outstanding ordinary shares of InterXion as soon as reasonably practicable. Subject to satisfaction of the remaining required conditions, if 80% or more of the outstanding InterXion shares on a fully-diluted andas-converted basis are validly tendered and not withdrawn at the expiration of the initial offering period, Digital Realty expects to accept the validly tendered shares as early asMarch 9, 2020, with the post-offer reorganization transactions to be completed as soon as practicable after the expiration of any subsequent offering period.