CentralNic Group PLC Sale of Premium Domain Names (7544V)
November 07 2017 - 2:00AM
UK Regulatory
TIDMCNIC
RNS Number : 7544V
CentralNic Group PLC
07 November 2017
Press Release 7(th) 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 6(th)
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."
-Ends-
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 +44 (0) 161 831 1512
Institutional Sales +44 (0) 207 829 5000
Abchurch Communications
Corporate & Financial PR
Advisers to CentralNic
Julian Bosdet +44 (0) 20 7469 4631
Dylan Mark +44 (0) 20 7469 4633
Alejandra Campuzano +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
- Ends -
This information is provided by RNS
The company news service from the London Stock Exchange
END
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