29 Dec 2015 10:30
Press Release | 29 December 2015 |
CentralNic Group plc
("CentralNic")
Result of General Meeting
The Board of CentralNic Group plc (AIM:CNIC), the internet platform business which derives revenues from the global sale of domain names, is pleased to announce that at its General Meeting held earlier today, 29 December 2015, all resolutions were duly passed.
As a result of the resolutions being passed, the acquisition of the entire issued share capital of Instra Group ("the Acquisition") for a total consideration of AU$33 million, will legally complete in January 2016 following Admission. As previously announced, the Company has placed 25,000,000 new Ordinary Shares at 40p per share to raise £10 million before expenses to part-fund the Acquisition.
Application will be made for the 25,000,000 new Ordinary Shares to be admitted to trading on AIM in connection with the Placing and Acquisition. Admission will become effective at 8.00 a.m. on 30 December 2015. The new Ordinary Shares issued will, upon issue, rank in full for all dividends and distributions declared, made or paid in respect of the issued Ordinary Share capital of the Company and otherwise rank pari passu in all other respects with the Existing Ordinary Shares. Following Admission the total issued share capital of the Company will increase to 92,007,481 Ordinary Shares.
-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 - NOMAD and Joint Broker |
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Ross Andrews / Nick Cowles John Goold / Alex Davies | +44 (0) 161 831 1512 |
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Peel Hunt LLP - Joint Broker |
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Richard Kauffer / Euan Brown (Corporate Finance) | +44 (0) 207 418 8900 |
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Abchurch Communications |
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Jamie Hooper / James Burman | +44 (0) 207 398 7741 |
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 .tickets, .site, .design .bar, .love, .feedback, .xyz, and over 30 other new Top-Level Domain extensions (the new. alternatives to .com and .net). One in five of all domains registered under new TLDs globally uses the CentralNic platform, ranking CentralNic as the number one 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. 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