9 Jan 2018 07:00
Press Release | 9th January 2018 |
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")
Purchase of premium domain name portfolios
CentralNic, the global software platform company supporting subscription web services including domain names, announces that on 8th January 2018 it completed the purchase of a number of portfolios of premium domain names with .com as their suffix, for an aggregate consideration of £2.5 million, satisfied from the Company's own cash resources.
Ben Crawford, CEO of CentralNic, said: "CentralNic is delighted to have replenished its inventory of premium domains for trading, with these portfolios of mid-priced domains obtained at an attractive discount to current market rates. The market for these domains is relatively liquid, and trading in them leverages the Company's global distribution capabilities and adds to the Company's diversified revenue strategy."
-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 (Institutional Sales) | +44 (0) 161 831 1512
+44 (0) 203 829 5000 |
|
|
N+1 Singer - Joint Broker
Shaun Dobson / Jen Boorer |
+44 (0) 207 496 3000 |
|
|
Abchurch Communications Corporate & Financial PR Advisers to CentralNic |
|
Julian Bosdet Dylan Mark Alejandra Campuzano | +44 (0) 20 7469 4631 +44 (0) 20 7469 4633 +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