Sale of Premium Domain Names

RNS Number : 7544V

CentralNic Group PLC

07 November 2017

 

Press Release

7th November 2017

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.  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")

Sale of Premium Domain Names

CentralNic Group plc, (AIM:CNIC), the global software platform company supporting subscription web services including domain names, is pleased to announce that it has entered into an agreement to sell a number of premium domain names, under which it will receive consideration of US$ 3.4 million.  

Under the premium domain sales agreement, entered into on 6^th November 2017, CentralNic will receive US$ 3.4 million consideration in cash, the proceeds of which will be utilised to further accelerate growth within the Group. 

CentralNic CEO Ben Crawford said: "Management's primary focus remains on growing CentralNic's recurring revenue base and, therefore, premium domain name sales are expected to continue the trend of contibuting a decreasing proportion of the Group's revenues from 2018."

-Ends-

For further information:  

CentralNic Group Plc
Ben Crawford (CEO)  Don Baladasan, Chief Financial Officer	[phone]
Zeus Capital Limited - NOMAD and Joint Broker
Nick Cowles / Jamie Peel  Corporate Finance  John Goold / Alex Davies /Rupert Woolfenden  Institutional Sales	[phone] [phone]
Abchurch Communications Corporate & Financial PR Advisers to CentralNic
Julian Bosdet Dylan Mark Alejandra Campuzano	[phone] [phone] [phone]
[e-mail]	www.abchurch-group.com

About CentralNic Group plc 

CentralNic (AIM: CNIC) is a London-based AIM-listed company which develops and manages software platforms allowing businesses globally to use the internet for their own websites and email, as well as protecting their brands online.  Its core growth strategy is identifying and acquiring cash-generative businesses with annuity revenue streams and exposure to emerging markets, and migrating them onto the CentralNic software and operating platforms. 

CentralNic operates globally with customers in over 200 countries.  It earns revenues from the worldwide sales of internet domain names and hosting on an annual subscription basis. 

For more information please visit: www.centralnic.com 

-      Ends -

 

END

 

 

DISUGGBGGUPMUQM