Purchase of premium domain name portfolios

RNS Number : 3208B

CentralNic Group PLC

09 January 2018

 

Press Release

9th January 2018

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") 

Purchase of premium domain name portfolios

CentralNic, the global software platform company supporting subscription web services including domain names, announces that on 8^th January 2018 it completed the purchase of a number of portfolios of premium domain names with .com as their suffix, for an aggregate consideration of £2.5 million, satisfied from the Company's own cash resources. 

Ben Crawford, CEO of CentralNic, said:  "CentralNic is delighted to have replenished its inventory of premium domains for trading, with these portfolios of mid-priced domains obtained at an attractive discount to current market rates.  The market for these domains is relatively liquid, and trading in them leverages the Company's global distribution capabilities and adds to the Company's diversified revenue strategy."  

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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 (Institutional Sales)	[phone] [phone]
N+1 Singer - Joint Broker Shaun Dobson / Jen Boorer	[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 

 

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