14 Jan 2016 11:37
Press Release | 14 January 2016 |
CentralNic Group Plc
("CentralNic" or the "Company")
Issue of Consideration Shares
CentralNic, (AIM: CNIC), the internet platform business which derives revenues from the global sale of domain names, confirms, further to the announcement made on 8 December 2015, that it has completed the acquisition of Instra Group. As part of the consideration payable under the terms of the Acquisition, CentralNic will issue 3,656,450 Ordinary Shares of 0.1 pence to the vendor of Instra Group, representing 3.82% of the enlarged share capital post admission. The Consideration Shares will be subject to a lock in for a period of 12 months from completion (subject to the customary exemptions), followed by an orderly market arrangement for an additional 180 days.
Application will be made to the London Stock Exchange on 14 January 2016 for the new shares to be admitted to trading on AIM. It is expected that admission to trading will occur on 20 January 2016.
For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following admission on 20 January will consist of 95,663,931 Ordinary Shares. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the DTRs.
Terms in this announcement which are not defined herein shall have the same meanings as in the Circular to Shareholders of the Company dated 8 December 2015.
-Ends-
For further information:
CentralNic Group Plc |
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Ben Crawford (CEO) | +44 (0) 203 388 0600 |
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Zeus Capital Limited - NOMAD and Joint Broker |
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Nick Cowles / Ross Andrews John Goold / Alex Davies | +44 (0) 161 831 1512 +44 (0) 203 829 5000 |
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Peel Hunt LLP - Joint Broker |
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Richard Kauffer / Euan Brown | +44 (0) 207 418 8900 |
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Abchurch Communications |
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Jamie Hooper / Canace Wong | +44 (0) 207 398 7714 |
centralnic@abchurch-group.com | www.abchurch-group.com |
About CentralNic
CentralNic (LSE: CNIC) is a London-based AIM-listed company which earns revenues from the worldwide sales of internet domain names over its proprietary technology platform. These domain names are sold on an annual subscription basis and paid for by customers upfront, making CentralNic a cash-generative business with annuity revenue streams. CentralNic comprises three business lines within the domain name industry. It operates a global wholesale network, supplying domain names to over 1,500 vendors in 77 countries. CentralNic is the exclusive wholesaler for all domains ending with .xyz .tickets, .site, .design .bar, .love, .feedback, and over 30 other new Top-Level Domain extensions (the new. alternatives to .com and .net). As at 14 January 2016, .xyz is ranked as the most subscribed new Top-Level Domain extension, with total number of registrations close to two million.
One in five of all domains registered under new TLDs globally uses the CentralNic platform, consistently ranking CentralNic as a top two global supplier with over two million of these domains under management. CentralNic is also a leading global domain name retailer, with its retail websites including internetbs.net, buydomains.london and domain.luxury and most recently instra.com and onlydomains.com following its acquisition of global domain name retailer Instra Group. Additionally, via its enterprise programme, CentralNic supplies domain names (including high-value premium domain names), software and services directly to large corporations and governments.
For more information please visit: www.centralnic.com