Notice of interim results and trading update

RNS Number : 4616O

CentralNic Group PLC

20 September 2013

 



CENTRALNIC GROUP PLC

("CentralNic" or "the Company")

Notice of interim results and trading update

CentralNic (AIM: CNIC), the internet registry service provider which derives revenues from the worldwide distribution of internet domain names, will issue its interim results for the six months to 30 June 2013 on 25 September 2013.

The Company states that trading continues to be in line with management expectations following a buoyant second quarter. The new Top-Level Domains for which the Company has exclusive distribution contracts continue to move through the evaluation and contracting process with the industry regulator ICANN as expected. The Company remains confident of its future prospects.

Ends

For further information, please contact:

CentralNic Plc                                   Ben Crawford, Chief Executive Officer	[phone]
Zeus Capital                             Ross Andrews, Nick Cowles (Corporate Finance) John Goold (Institutional Sales)	[phone] [phone]
Bell Pottinger                                   David Rydell/Charles Goodwin/Guy Scarborough	[phone]

About CentralNic Limited

CentralNic Limited, a wholly owned subsidiary of the Company, is a registry service provider, which derives revenues from the sale of internet domain names. CentralNic Limited uses its in-house developed IT platform to distribute its own portfolio of domain names to a global network of "registrars" (retailers such as Network Solutions LLC), which sell these to end users. It also uses this platform to sell domain names owned by third parties, normally on a revenue share basis.

Following recent industry developments and regulatory changes, CentralNic Limited expects, by virtue of its contracts and technical infrastructure, to benefit from a major expansion in the number of generic top level domains ("gTLDs") such as .wiki and .college, expected to operate from the end of 2013.

The Directors believe that the funds raised for the Group by the Placing will allow the Group to enhance its global distribution network, acquire interests in new gTLDs, expand its own retail business and obtain contracts from governments to operate their country code TLDs ("ccTLDs"), especially in developing markets.

New Top Level Domains

In early 2012, after seven years of policy making, the Governing Body ICANN (The Internet Corporation for Assigned Names and Numbers) triggered the biggest change to the internet since its inception, by opening the application process for a new round of gTLDs, primarily to introduce more competition to the marketplace and expand customer choice. This change will also enable brands, corporations and governments to run their own domains.

Examples of gTLDs that have been applied for include .law and .wiki, as well as brand-specific TLDs such as .theguardian.

CentralNic has won contracts to act as Registry Service Provider for 60 gTLD applications, with clients including global 1000 companies, global leaders in the media and entertainment industry, and entrepreneurs in the US, Latin America, Europe and Asia.

 

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