CentralNic Group PLC Acquisition Announcement (1426N)
September 28 2021 - 2:00AM
UK Regulatory
TIDMCNIC
RNS Number : 1426N
CentralNic Group PLC
28 September 2021
28 September 2021
CentralNic Group plc
("CentralNic" or "the Company" or "the Group")
Acquisition Announcement
CentralNic Group plc (AIM: CNIC), the global internet platform
company that derives revenue from the sales of online presence and
marketing services, is pleased to announce that it has entered into
an agreement to acquire a publishing network of revenue generating
websites ("Publishing Network") for a consideration of USD 6.5m in
cash and assumed working capital liabilities ("Acquisition") from
White & Case Ltd. The Acquisition is expected to complete on or
around 1 October 2021 and will be financed from available
liquidity.
The acquisition will be immediately earnings accretive. On a
standalone basis, the websites are expected to generate at least
USD 2.0m in annualised revenue and USD 1.5m in annualised EBITDA
post-acquisition. As CentralNic is already today monetising roughly
half the websites' traffic, this is expected to translate into
c.USD 1.0m of additional revenue, c.USD 0.5m of reduced COGS and
c.USD 1.5m of EBITDA as of financial year 2022. The Acquisition is
part of a larger vertical integration strategy, providing the
Group's Online Marketing segment with more proprietary and
exclusive traffic to monetise.
Ben Crawford, CEO of CentralNic, said "Exclusive access to
proprietary website traffic is a pillar of our Online Marketing
segment's sustainable competitive advantage. This acquisition will
give us more exclusive website traffic and will augment margins for
our fast-growing Online Marketing business."
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)
Rupert Woolfenden (Institutional +44 (0) 161 831 1512
Sales) +44 (0) 203 829 5000
------------------------------
Stifel (Joint Broker)
Fred Walsh / Alex Price / Richard
Short +44 (0) 20 7710 7600
------------------------------
Newgate Communications (for
Media) +44 (0) 203 757 6880
Bob Huxford / Tom Carnegie / centralnic@newgatecomms.com
Isabelle Smurfit
------------------------------
About CentralNic Group plc
CentralNic (AIM: CNIC) is a London-based AIM-listed company
which drives the growth of the global digital economy by providing
businesses around the world with tools to build their online
presence and to win customers and earn revenues online. The Company
complements its organic growth with target acquisitions of
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 online
presence and online marketing services on a subscription or pay per
use basis. For more information please visit:
www.centralnicgroup.com
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END
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