XYZ Contract Renegotiation and Renewal

Released : 07/09/2017 07:00

RNS Number : 0449Q
CentralNic Group PLC
07 September 2017
 

Press Release

 

7th September 2017

 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014.  Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

 

CentralNic Group Plc

 

("CentralNic" or "the Company" or "the Group" or "CentralNic Group")

 

 

Renewal and renegotiation of contract with XYZ.COM LLC, owner of .xyz 

 

 

CentralNic, the global software platform company supporting subscription web services including domain names, is pleased to announce that it has renegotiated and renewed its exclusive wholesaler contract with XYZ.com, owner of the .xyz Top-Level Domain ("TLD"), until May 2032.  CentralNic will continue to be the exclusive wholesaler for .xyz and any other TLD acquired by XYZ.com. 

 

CentralNic will receive a fixed fee based on the volume of .xyz registrations and subscriptions managed. 

 

As one of the most popular domains in the world, .xyz is the go-to domain ending for the next generation of internet users.  High profile businesses and individuals using .xyz include Google, Mark Zuckerberg, the founders of Skype, and Deloitte.  The suffix has seen the most adoption from startups and entrepreneurs, as well as businesses in emerging internet markets including Indonesia and China

 

Ben Crawford, CEO of CentralNic, said:  "The long-standing excellent relationship between CentralNic and .xyz has been updated to normalise the Company's revenues and profits going forward." 

 

 

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For further information:  

 

CentralNic Group Plc

 

Ben Crawford (CEO) 

Don Baladasan, Chief Financial Officer 

+44 (0) 203 388 0600

 

 

Zeus Capital Limited - NOMAD and Joint Broker

 

Nick Cowles / Jamie Peel 

John Goold / Alex Davies / Rupert Woolfenden

+44 (0) 161 831 1512

+44 (0) 207 829 5000

 

 

Peel Hunt LLP - Joint Broker

 

Edward Knight / Nick Prowting (Corporate)

Alastair Rae (Syndications)

 

+44 (0) 207 418 8900

Abchurch Communications

Corporate & Financial PR Advisers to CentralNic 

 

Julian Bosdet

Dylan Mark

Alejandra Campuzano 

+44 (0) 20 7469 4630

+44 (0) 20 7469 4633

+44 (0) 20 7469 4634

 

centralnic@abchurch-group.com

www.abchurch-group.com

 

 

 

 

 

About CentralNic

 

CentralNic (AIM: CNIC) is a London-based AIM-listed company which develops and manages software platforms allowing businesses globally to use the internet for their own websites and email, as well as protecting their brands online.  Its core growth strategy is identifying and acquiring cash-generative businesses with annuity revenue streams and exposure to emerging markets, and migrating them onto the CentralNic software and operating platforms.

 

CentralNic operates globally with customers in over 200 countries. It earns revenues from the worldwide sales of internet domain names and hosting on an annual subscription basis. 

  

For more information please visit: www.centralnic.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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