11 Aug 2021 07:00
For release at 07.00, 11 August 2021
Minds + Machines Group Limited
("MMX", the "Company" or "Group")
Completion of Sale of Assets to Registry Services, LLC (an affiliate of GoDaddy Inc.)
Minds + Machines Group Limited (AIM:MMX), the top-level domain ("TLD") registry company, is pleased to announce that it has completed the sale of its TLDs and related assets and transferred its rights and obligations under contracts relevant for the operation of the assets to Registry Services, LLC ("GoDaddy Registry"), an affiliate of GoDaddy Inc., pursuant to the asset purchase agreement dated 7 April 2021 for proceeds as set out in the agreement.
As previously announced, beginning today and continuing until no later than 31 January 2022, MMX will provide certain transition services to GoDaddy Registry (the "Transition Services"). The Transition Services are being provided to facilitate transition of the assets to GoDaddy Registry. GoDaddy Registry will reimburse MMX for the costs in providing the Transition Services, including the costs of relevant employees. For further details regarding the Transition Services please see the announcement of the Company dated 8 April 2021.
For further information:
Minds + Machines Group Limited | |
Tony Farrow (CEO) Bryan Disher (CFO)
| via Belvedere Communications Limited |
finnCap Ltd | Tel: 020 7220 0500 |
Corporate finance - Stuart Andrews / Carl Holmes / Simon Hicks Corporate broking - Tim Redfern / Richard Chambers
| |
Belvedere Communications Limited John West Llew Angus | Tel: +44 (0) 20 3687 2756
|
For further information, please go to www.mmx.co
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.