CNIC.L Regulatory News (CNIC)

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

30 December 2022

CENTRALNIC GROUP PLC

("CentralNic" or "the Company" or "the Group")

Share Buyback Programme

CentralNic Group Plc (AIM: CNIC), the global internet software company that derives recurring revenue from marketplaces for Online Presence and Online Marketing services, further to its announcement on 12 December 2022, is pleased to inform that its maiden share buyback programme of ordinary shares of £0.001 each ("Ordinary Shares") up to a maximum aggregate consideration of £4 million (the "Buyback Programme") launches effective today.

The Board considers the Buyback Programme to be in the best interests of all shareholders, given the cash generative nature of the business and the strong performance compared to expectations. It reflects the Group's more balanced future approach to capital allocation.

The Company has appointed its broker, Zeus Capital Limited ("Zeus"), to manage the Buyback Programme to repurchase Ordinary Shares on its behalf and entered into an irrevocable and non-discretionary arrangement on 29 December 2022 with Zeus and Arden Partners PLC to enable Zeus to conduct the Buyback Programme on a broker-managed basis. Zeus will make trading decisions in relation to the Buyback Programme independently of the Company, within certain defined parameters.

The Buyback Programme commences today and will end no later than the date upon which the aggregate consideration paid for Ordinary Shares reaches £4 million, or by the time of the Company's 2023 Annual General Meeting which is to be held no later than 30 June 2023 (the "Buyback Period"). During the Buyback Period the Company has no power to invoke any changes to the authority and any purchases will be undertaken by Zeus, acting independently of, and uninfluenced by the Company.

Ordinary Share repurchases will take place in open market transactions and may be made from time to time depending on market conditions, share price and trading volume. The Buyback Programme is in accordance with the Company's general authority to purchase a maximum of 28,866,000 Ordinary Shares, granted by its shareholders at the Annual General Meeting held on 4 May 2022, including that the maximum price paid per Ordinary Share will be no more than: a) 105 per cent. of the average trading price of the Ordinary Shares as derived from the middle market quotations for an Ordinary Share on the London Stock Exchange Daily Official List for the five trading days immediately preceding the date on which an Ordinary Share is contracted to be purchased; and b) the higher of the price of the last independent trade and the highest current independent purchase bid for Ordinary Shares on the trading venue where the purchase is carried out.

Under the Buyback Programme, the repurchased shares will either be cancelled or held in treasury at the Company's discretion for later reissue or cancellation. Shares held in treasury are not entitled to dividends and have no voting rights at the Company's general meetings.

The Buyback Programme will be conducted within the parameters of the Market Abuse Regulation 596/2014/EU and the Commission Delegated Regulation 2016/1052/EU (each as in force in the UK from time to time, including where relevant pursuant to the Market Abuse (Amendment) (EU Exit) Regulations 2019.

The Company will make further announcements in due course following any share purchases conducted through the Buyback Programme.

The Company confirms that it currently has no unpublished price sensitive information.

For further information:

The person responsible for arranging for the release of this announcement on behalf of CentralNic is Michael Riedl, CEO

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 online marketplaces allowing businesses globally to buy subscriptions to domain names for websites and email, monetise their websites, and acquire customers 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. For more information please visit: www.centralnicgroup.com