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Placing to raise approximately £9.0 million

10 Feb 2012 07:00

RNS Number : 1676X
Top Level Domain Holdings Ltd
10 February 2012
 



For immediate release

 

10 February 2012

 

TOP LEVEL DOMAIN HOLDINGS LIMITED

("TLDH" or the "Company")

Placing to raise approximately £9.0 million

 

The Directors of Top Level Domain Holdings Limited (AIM:TLDH.L), the only publicly traded company focused exclusively on acquiring and operating new generic top-level domains ("gTLDs"), are delighted to announce that the Company has today conditionally placed 109,468,353 new ordinary shares (the "Ordinary Shares") at a placing price of 8.25p per Ordinary Share (the "Placing Price") with institutional and other investors to raise £9,031,139 before expenses (equivalent to approximately US$14.2 million at current exchange rates) subject to admission (the "Placing").

 

As previously announced, the Internet Corporation for Assigned Names and Numbers ("ICANN") has formally opened the application window under which organisations can apply for the right to own and operate a new generic top level domain. The application window will remain open until 12 April 2012. Under ICANN's rules, applicants for new gTLDs must first purchase an application slot, or placeholder, for each application for US$5,000 each, which will then be deducted from each US$185,000 gTLD application fee.

 

The Company intends to use the Placing proceeds to provide additional working capital and in particular, to fund the application slots and subsequent fees for new gTLDs on behalf of itself and clients of Minds + Machines. The Company expects to submit multiple batches for application slots during the application window having already submitted for its first twenty application slots. In January, TLDH announced that Minds+Machines will also be providing the back-end registry services for the proposed new .BAYERN domain.

 

Antony Van Couvering, CEO of TLDH, commented:

"We are delighted that both existing and new investors have responded so positively to our plan. With a new cash balance of approximately US$25 million, no debt, and a public stock, we believe that TLDH is ideally positioned to participate in the new gTLD opportunity."

 

Peter Dengate Thrush, Chairman of TLDH, added:

''TLDH management believes that the increased capital will allow it to increase significantly the number of applications it is able to make, allowing it to develop a wider, more diversified portfolio of names in multiple languages and scripts."

 

The new Ordinary Shares being issued pursuant to the Placing will, on issue, rank pari passu with the existing Ordinary Shares in issue and application will be made for the new Ordinary Shares to be admitted to trading on AIM. Trading in the new Ordinary Shares on AIM is expected to commence on or around 17 February 2012.

 

 

Further Information:

 

Top Level Domain Holdings Limited

North America

Antony Van Couvering Tel: + 1 917 406 7126

 

Beaumont Cornish Limited (Nomad) Tel +44 (0) 20 7628 3396

Roland Cornish

Michael Cornish

 

XCAP Securities plc (Joint Broker) Tel: +44 (0) 20 3216 2661/2667

Karen Kelly

Halimah Hussain

 

Daniel Stewart & Company plc (Joint Broker) Tel: +44 (0) 20 7776 6550

Martin Lampshire

 

gth media relations

Toby Hall /Suzanne Johnson Walsh Tel: +44 (0) 20 3103 3903/2

 

Or visit the group's website at www.tldh.org

 

About Top Level Domain Holdings Limited

Top Level Domain Holding is a publicly traded holding company listed on the London AIM market. The company is focused on the new top-level domain space. Top-level domains, such as .com, run by VeriSign (NASDAQ: VRSN), and .biz, run by NeuStar (NYSE: NSR), are regulated by ICANN. ICANN has announced plans to expand the number of top-level domains. TLDH intends to make targeted investments in this space, focusing on both infrastructure technologies and specific top-level domains.

 

About Minds + Machines, http://mindsandmachines.com

Minds + Machines is a registry services provider that works internationally with commercial organisations, cities, not-for-profits and entrepreneurs to secure and operate new web domains, known as top-level domains (TLDs). Minds + Machines is a wholly owned subsidiary of Top Level Domains Holdings, Ltd.

 

ENDS

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IOESSWFUUFESEDE
Date   Source Headline
17th Feb 20223:35 pmRNSDirector/PDMR Shareholding
16th Feb 20222:00 pmRNSHolding(s) in Company
15th Feb 20225:30 pmRNSMinds + Machines Group
15th Feb 20222:00 pmRNSDirector/PDMR Shareholding
15th Feb 202211:06 amRNSSecond Price Monitoring Extn
15th Feb 202211:00 amRNSPrice Monitoring Extension
11th Feb 20221:40 pmRNSHolding(s) in Company
10th Feb 20223:50 pmRNSDirector/PDMR Shareholding
9th Feb 20225:30 pmRNSDirector/PDMR Shareholding
8th Feb 202211:35 amRNSResult of General Meeting & Cancellation from AIM
8th Feb 20227:00 amRNSResult of General Meeting & Cancellation from AIM
7th Feb 20227:00 amRNSCompletion of Tender Offer and Director Dealing
3rd Feb 20224:43 pmRNSResult of Tender Offer
31st Jan 20227:00 amRNSResult of Tender Offer
25th Jan 20226:05 pmRNSDirector/PDMR Shareholding
24th Jan 20222:40 pmRNSDirector/PDMR Shareholding
24th Jan 20227:00 amRNSDirector/PDMR Shareholding
21st Jan 20227:00 amRNSDirector/PDMR Shareholding
19th Jan 20221:10 pmRNSDirector/PDMR Shareholding
14th Jan 20224:41 pmRNSSecond Price Monitoring Extn
14th Jan 20224:35 pmRNSPrice Monitoring Extension
14th Jan 20227:00 amRNSTender Offer, Proposed Cancellation & Notice of GM
26th Nov 20213:05 pmRNSHolding(s) in Company
22nd Nov 202112:25 pmRNSTR-1
18th Oct 20217:00 amRNSDirector/PDMR Shareholding
15th Oct 20217:00 amRNSTR-1
13th Oct 20214:27 pmRNSTR-1
11th Oct 20217:00 amRNSCompletion of Tender Offer and Director Dealing
4th Oct 20217:00 amRNSTender Offer
30th Sep 20217:00 amRNSDirector/PDMR Shareholding
27th Sep 20214:49 pmRNSInterim Results - replacement
27th Sep 20217:00 amRNSInterim Results
18th Aug 20212:54 pmRNSDirector/PDMR Shareholding
16th Aug 20211:00 pmRNSDirector/PDMR Shareholding
11th Aug 20212:05 pmRNSSecond Price Monitoring Extn
11th Aug 20212:00 pmRNSPrice Monitoring Extension
11th Aug 20217:01 amRNSShareholder Update, Tender Offer&Notice of Results
11th Aug 20217:00 amRNSCompletion of Sale of Assets
28th Jul 20215:06 pmRNSRegulatory Approval
15th Jul 20217:00 amRNSICANN approves transfer of four top-level domains
28th Jun 20213:50 pmRNSDirector/PDMR Shareholding
23rd Jun 20213:53 pmRNSTR-1
23rd Jun 20212:05 pmRNSDirector/PDMR Shareholding
21st Jun 20213:21 pmRNSDirector/PDMR Shareholding
10th Jun 20214:08 pmRNSDirector/PDMR Shareholding
1st Jun 20214:24 pmRNSDirector/PDMR Shareholding
28th May 20211:29 pmRNSDirector/PDMR Shareholding
24th May 20213:28 pmRNSDirector/PDMR Shareholding
18th May 20217:00 amRNSFinal Results
23rd Apr 20213:27 pmRNSResult of GM and Date of Final Results

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