13 Aug 2015 12:53
Press Release | 13 August 2015 |
CentralNic Group plc
("CentralNic")
Share Price Movement
The Board of CentralNic plc, (AIM:CNIC), the internet platform business which derives revenues from the global sale of domain names, believes that the recent movement in the Company's share price is related to media comment surrounding the recent announcement by Google to adopt the suffix .xyz for use by its new identity "Alphabet", the principal website of which will be abc.xyz. CentralNic is the exclusive global wholesaler for .xyz, receiving a share of revenues for all .xyz domains registered.
The Board wishes to make it clear that although the recent announcement by Google was very positive, the growing interest in .xyz was expected as awareness and usage of .xyz and CentralNic's other new Top-Level Domains continues to expand.
The Company continues to trade in line with market expectations for the current year to 31st December 2015.
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 / 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 .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 two global supplier with over one 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