Notice of Intention to Invest

RNS Number : 0626S

CentralNic Group PLC

18 September 2014

 



Press Release

18 September 2014

CentralNic Group plc

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

Notice of Intention to Invest

CentralNic plc (AIM:CNIC), the internet platform business which derives revenues from the global sale of domain names, today announces that the Group intends to invest US$1.5 million in a Company which is in a contention set to acquire a new generic Top-Level Domain ("gTLD").  The funds will be placed into an escrow account, pending the resolution of the contention set, with the winning applicant expected to be resolved by a private auction within the next two weeks.  The investment is contingent upon the Applicant Company successfully obtaining the rights to the gTLD by winning the auction.  If the company is unsuccessful, the funds will be returned in full to CentralNic by the escrow agent.

-Ends-

For further information:

CentralNic Group plc
Ben Crawford (CEO)	[phone]
Zeus Capital
Ross Andrews / Nick Cowles (Corporate Finance)	[phone]
John Goold (Institutional Sales)	[phone]
Abchurch Communications
Jamie Hooper / Olivia Stuart Taylor	[phone]
[e-mail]	www.abchurch-group.com

About CentralNic Group plc

CentralNic (LSE: CNIC) is the developer and manager of a technology platform that supports critical functions of the internet and enables the worldwide purchase and operation of internet domain names.  It operates a global wholesale network, supplying domain names to over 1,500 vendors in 77 countries, and is a leader in wholesaling new Top-Level Domains, with 30 uncontested and 35 contested Top-Level Domains under contract.  CentralNic is also a global top thirty domain name retailer ("registrar"), with its retail websites including internetbs.net, buydomains.london and domain.luxury.  Additionally, via its High Yield Channels programme, CentralNic supplies domain names, software and services directly to large corporations and governments requiring state-of the art technical solutions.

For more information please visit: www.centralnic.com

 

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