Board Changes

RNS Number : 1242W

CentralNic Group PLC

09 December 2019

 

This announcement contains inside information

9 December 2019

CentralNic Group plc

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

Board Changes

CentralNic Group plc (AIM: CNIC) the global internet platform that derives revenue from the subscription sales of domain names and web services, announces the appointment of Iain McDonald, currently a Non-Executive Director of CentralNic, as its Non-Executive Chairman with immediate effect. At the same time Mike Turner will step down from his role as Non-Executive Chairman but will remain on the CentralNic board as a Non-Executive Director.

Iain, has been a board member of CentralNic since 2015. He is the founder of Belerion Capital, an investor and investment advisor in technology and e-commerce companies. Iain is also a non-executive director of The Hut Group and Boohoo.com.

Ben Crawford, CEO of CentralNic, commented: "We are happy that Iain is stepping up from Non-Executive Director to Non-Executive Chairman of CentralNic. His in-depth understanding of the technology and e-commerce sectors, the businesses within them and their value will be instrumental to us as we seek further expansion, both organic and through acquisition. At the same time, we are delighted to retain the skills and experience of Mike Turner on our board "

For further information:  

CentralNic Group Plc Ben Crawford, Chief Executive Officer Don Baladasan, Group Managing Director Michael Riedl, Chief Financial Officer Alex Siffrin, Chief Operating Officer	[phone]
Zeus Capital Limited (NOMAD and Joint Broker) Nick Cowles / Jamie Peel (Corporate Finance) John Goold / Rupert Woolfenden  (Institutional Sales)	[phone] [phone]
Stifel (Joint Broker) Fred Walsh / Neil Shah / Alex Price	[phone]
Newgate Communications (for Media) Bob Huxford / Tom Carnegie / Robin Tozer	[phone] [e-mail]

About CentralNic Group plc 

CentralNic (AIM: CNIC) is a London-based AIM-listed company which drives the growth of the global digital economy by developing and managing software platforms allowing businesses globally to buy subscriptions to domain names, used for their own websites and email, as well as for protecting their brands 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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