Sale of Premium Domain Names

Released : 07/11/2017 07:00

RNS Number : 7544V
CentralNic Group PLC
07 November 2017
 

 

 

 

Press Release

7th November 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")

 

Sale of Premium Domain Names

 

CentralNic Group plc, (AIM:CNIC), the global software platform company supporting subscription web services including domain names, is pleased to announce that it has entered into an agreement to sell a number of premium domain names, under which it will receive consideration of US$ 3.4 million.  

Under the premium domain sales agreement, entered into on 6th November 2017, CentralNic will receive US$ 3.4 million consideration in cash, the proceeds of which will be utilised to further accelerate growth within the Group. 

 

CentralNic CEO Ben Crawford said: "Management's primary focus remains on growing CentralNic's recurring revenue base and, therefore, premium domain name sales are expected to continue the trend of contibuting a decreasing proportion of the Group's revenues from 2018."

 

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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 

Corporate Finance 

 

John Goold / Alex Davies /Rupert Woolfenden 

Institutional Sales 

+44 (0) 161 831 1512

+44 (0) 207 829 5000



Abchurch Communications

Corporate & Financial PR Advisers to CentralNic 


Julian Bosdet

Dylan Mark

Alejandra Campuzano 

+44 (0) 20 7469 4631

+44 (0) 20 7469 4633

+44 (0) 20 7469 4634

 

centralnic@abchurch-group.com

www.abchurch-group.com

 

 

 

About CentralNic Group plc 

 

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 

 

 

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