Result of Open Offer And Notice of Results

RNS Number : 3181F

CentralNic Group PLC

18 March 2022

 

18 March 2022

THIS ANNOUNCEMENT, AND THE INFORMATION CONTAINED HEREIN, IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.  UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA THE REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. 

CentralNic Group plc

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

Result of successful Open Offer

And

Notice of Results

CentralNic (AIM: CNIC), the global internet platform company that derives recurring revenues from the sale of online presence and marketing services, is pleased to announce that it has raised gross proceeds of £3.0 million, pursuant to the Open Offer, as set out in the Circular dated 1 March 2022.

The Company has received valid acceptances from Qualifying Shareholders under their Basic Entitlements in respect of 795,925 Open Offer Shares, 115,321 of which relate to acceptances made by RBC Cees Trustee Limited, the trustee of the CentralNic Employee Benefit Trust ("EBT"), and applications from Qualifying Shareholders under the Excess Application Facility in respect of 1,704,075 Open Offer Shares, totalling 2,500,000 Open Offer Shares.

Admission

Application has been made to the London Stock Exchange for the Open Offer Shares to be admitted to trading on AIM at 8.00 a.m. on 21 March 2022 ("Admission").

Total Voting Rights

Upon Admission, the total number of Ordinary Shares in issue and voting rights in the Company will be 288,660,084. The Company does not hold any shares in treasury.

The above figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules

Notice of Results

The Company further  announces that the publication of the Group's audited annual report and accounts for the year ended 31 December 2021 will be on Monday, 4 April 2022.

Ben Crawford, CEO of CentralNic, said "We are grateful for the outstanding support from our institutional and retail shareholders during these challenging times. We are convinced that the proven resilience of CentralNic's businesses, built on recurring revenue models and supported by strong long term fundamental trends, will continue to drive increased shareholder value moving forward."

Enquiries:

CentralNic Group Plc Ben Crawford, Chief Executive Officer Don Baladasan, Group Managing Director Michael Riedl, Chief Financial Officer	[phone]
Zeus Capital Limited (NOMAD and Joint Broker) Nick Cowles / Jamie Peel Dominic King / Rupert Woolfenden	[phone] [phone]
Berenberg (Joint Broker) Mark Whitmore / Richard Andrews / Alix Mecklenburg-Solodkoff	[phone]
SEC Newgate (for Media) Bob Huxford / Isabelle Smurfit / Max Richardson	[phone] [e-mail]

About CentralNic Group plc 

CentralNic (AIM: CNIC) is a London-based AIM-quoted company which drives the growth of the global digital economy by developing and managing software platforms allows businesses globally to buy subscriptions to domain names for websites and email, monetise their websites, and acquire customers online. Its core growth strategy is identifying and acquiring cash-generative businesses in its industry with annuity revenue streams and exposure to growth markets and migrating them onto the CentralNic software and operating platforms. 

CentralNic operates globally with customers in almost every country in the world.  It earns recurring revenues from the worldwide sales of internet domain names and other services on an annual subscription basis. 

For more information please visit: www.centralnicgroup.com 

 

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