29 Mar 2019 07:00
RNS Reach
| 29 March 2019
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CentralNic Group plc
("CentralNic" or "the Company" or "the Group")
ICANN to transfer 680,000 domain names to CentralNic
CentralNic (AIM: CNIC), the internet platform business that derives subscription revenue from the worldwide sale of domain names and associated web services, announces that it has been selected by the internet regulator, ICANN (Internet Corporation for Assigned Names and Numbers) for the bulk transfer of 679,840 domain names from a former registrar that is no longer accredited.
ICANN selected three CentralNic subsidiaries for the domain names following a full competitive application process. Such a process is the official procedure when a former registrar loses accreditation in order to ensure the end customers enjoy continuity of service. CentralNic is among the world's top ten domain name registrars operating 13 retail and wholesale domain vendors including Key-Systems, Moniker, Instra, OnlyDomains, and BrandShelter. A number of criteria were taken into account in selecting CentralNic as the successful candidate, including the Company's experience, history of compliance, stability, and overall reputation for professionalism.
The domain names will provide revenues to CentralNic as and when they are renewed by the end users at the end of their current subscription terms. They will be transferred to CentralNic at no cost and additional servicing costs are expected to be minimal as the new names can easily be accommodated on the Company's highly scalable platform, which already supports over seven million domains.
Ben Crawford, CEO of CentralNic, commented: "We are delighted to have been transferred these domain names by ICANN. This was a competitive process and our selection is a huge endorsement of the quality of our scalable platform, our exemplary track record and excellent reputation in the industry. We hope to be able to announce further successes of this kind in future."
Customers of the defunct registrar will be able to manage and renew their domains, as well as registering new domains, on the CentralNic Group retail website Moniker.com. This website will set up accounts for each customer and email them with their login details when the transfer process is complete.
ICANN's procedures are described here: https://www.icann.org/en/system/files/files/dartp-11jul13-en.pdf
ICANN announced CentralNic's subsidiaries as the gaining registrars here: https://www.icann.org/resources/pages/bulk-transfers-2017-10-06-en
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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 |
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Zeus Capital Limited (NOMAD and Joint Broker) Nick Cowles / Jamie Peel (Corporate Finance) John Goold / Rupert Woolfenden (Institutional Sales) |
+44 (0) 161 831 1512 +44 (0) 203 829 5000 |
Stifel (Joint Broker) Fred Walsh / Neil Shah / Alex Price / Rajpal Padam
| +44 (0)20 7710 7600
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Newgate Communications (for Media) Bob Huxford Robin Tozer Tom Carnegie | +44 (0) 203 757 6880 centralnic@newgatecomms.com
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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