25 Feb 2014 07:00
For immediate release
25 February 2014
Top Level Domain Holdings Limited
("TLDH", the "Company" or "Group")
Private Auction and Corporate Update
The Directors of Top Level Domain Holdings Limited (AIM:TLDH.L) are pleased to announce that following the private auctions held last week for .WEDDING and .GREEN, the Company has secured the uncontested application rights for .WEDDING. The net cost to the Company for securing the sole application status for .WEDDING was approximately $2.23 million (circa £1.39 million), once the proceeds of the .GREEN private auction are taken into account. The above figure includes the rebate that the Company will receive from ICANN for withdrawing its application for .GREEN and commissions payable to the auctioneer.
TLDH now has a portfolio of 26 uncontested applications in which it has a commercial interest.
Separately, further to the announcement of 31 January 2014, the Company is pleased to report that the documentation associated to the change of name and change of status from an investment company to an operating company is at an advanced stage of preparation and the Board anticipates the Circular and Notice of General Meeting in relation to the above will be posted to Shareholders in early March.
Fred Krueger, Chairman of TLDH, commented:
"The latest private auction rounds have once again delivered an excellent result allowing us to add a key string to our portfolio without unduly impacting our cash reserves. We likewise are pleased with the progress being made in transitioning the Group into an operating business trading under the brand of our registry and registrar services, Minds + Machines."
Further Information:
Top Level Domain Holdings Limited
North America
Antony Van Couvering Tel:+1 310 452-1491
Beaumont Cornish Limited (Nomad) Tel:+44 (0)20 7628 3396
Roland Cornish / Michael Cornish
N+1 Singer (Broker)
Matt Thomas/Shaun Dobson Tel:+44 (0)20 7496 3000
gth media relations
Toby Hall/Suzanne Johnson Walsh Tel: +44(0)20 7822 7493/92
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 AIM market of the London Stock Exchange focused on the new top-level domain space. Top-level domains, such as .com and .net are regulated by ICANN. ICANN is expanding the number of new generic top-level domains from the current 23 to over 1000. TLDH is making 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 top-level domains (TLDs). Minds + Machines' registrar services are provided through Minds + Machines Registrar Limited. Both Minds + Machines LLC and Minds + Machines Registrar Limited are wholly owned subsidiaries of Top Level Domains Holdings Limited.
ENDS