CentralNic Group PLC Issuance of Additional Consideration Shares (1670C)
June 14 2019 - 2:00AM
UK Regulatory
TIDMCNIC
RNS Number : 1670C
CentralNic Group PLC
14 June 2019
14 June 2019
CentralNic Group plc
("CentralNic" or "the Company" or "the Group")
KeyDrive SA Additional Consideration Determined
Issuance of Additional Consideration Shares
CentralNic Group PLC (AIM: CNIC), the internet platform that
derives revenue from the worldwide sales of internet domain names,
is pleased to announce that its acquisition of KeyDrive SA on 16
July 2018, has exceeded the performance expectations set for
FY2018.
As a result of this performance, USD 6,834,000 Additional
Consideration attributable to the FY2018 objectives is payable to
Inter.Services. Fifteen per cent, equaling USD 1,025,100 have been
settled in cash.
The remainder of the Additional Consideration attributable to
FY2018 objectives will be settled by issuing 7,384,978 Additional
Consideration Shares. Inter.Services holding will increase from
c.16.4% to c.19.9% of the issued share capital of the Company.
Application has been made to the London Stock Exchange for a
total of 7,384,978 Ordinary Shares issued pursuant to the
Additional Consideration to be admitted to trading on AIM
("Admission"). Admission is expected to occur at 8:00 a.m. on 18
June 2019. The Ordinary Shares shall rank pari passu with the
existing ordinary shares in the Company. Following Admission, the
Company's enlarged issued share capital comprises of 178,137,780
Ordinary Shares with one voting right per share. There are no
shares held in treasury. The total number of voting rights in the
Company is therefore 178,137,780.
This figure of 178,137,780 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules.
Ben Crawford, CEO of CentralNic, commented: "We have been
delighted with the performance of KeyDrive's businesses and our
progress with the integration, which is tracking in line with our
plans. This is testament to CentralNic's successful acquisition
strategy and ability to expertly and efficiently integrate
businesses."
For further information:
CentralNic Group Plc
Ben Crawford, Chief Executive Officer
Don Baladasan, Group Managing Director
Michael Riedl, Chief Financial Officer +44 (0) 203 388 0600
Zeus Capital Limited (NOMAD and
Joint Broker)
Nick Cowles / Jamie Peel (Corporate
Finance)
John Goold / Rupert Woolfenden +44 (0) 161 831 1512
(Institutional Sales) +44 (0) 203 829 5000
Stifel (Joint Broker)
Fred Walsh / Neil Shah / Alex Price
/ Rajpal Padam +44 (0)20 7710 7600
Newgate Communications (for Media) +44 (0) 203 757 6880
Bob Huxford centralnic@newgatecomms.com
Tom Carnegie
Robin Tozer
About CentralNic Group plc
CentralNic (AIM: CNIC) is a London-based AIM-listed company
which drives the growth of the global digital economy by developing
and managing software platforms allowing businesses globally to buy
subscriptions to domain names, used for their own websites and
email, as well as for protecting their brands online. Its core
growth strategy is identifying and acquiring cash-generative
businesses in its industry with annuity revenue streams and
exposure to growth markets and migrating them onto the CentralNic
software and operating platforms.
CentralNic operates globally with customers in almost every
country in the world. It earns recurring revenues from the
worldwide sales of internet domain names and other services on an
annual subscription basis.
For more information please visit: www.centralnicgroup.com
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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