Sale of Premium Domain Names

RNS Number : 7684R

CentralNic Group PLC

01 July 2015

 

Press Release

1 July 2015

CentralNic Group plc

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

Sale of Premium Domain Names

CentralNic plc, (AIM:CNIC), the internet platform business which derives revenues from the global sale of domain names, is pleased to announce that it has entered into a premium domain name sales agreement under which it will receive consideration of US$1 million.

CentralNic launched a business trading in Premium Domains (domain names that trade at a premium to normal retail pricing) in the second half of 2014, and has since acquired around 4,000 domain names (in addition to its existing inventories) and has sold domains at prices ranging from $3,000 to hundreds of thousands of dollars.

Under the premium domain sales agreement entered into on 30 June 2015, CentralNic will receive US$1 million consideration in cash, which is payable over the coming months, and the proceeds of which will be utilised to further accelerate growth within the Group, including acquiring additional premium domains to augment the existing portfolio.

CentralNic CEO, Ben Crawford commented, "This latest sale of premium domain names not only validates our trading business, but underscores the value of our domain name inventory, with in excess of 20,000 premium domains. We will continue to actively acquire new premium domains where we see real medium term trading value, while also selling those domains which we believe have reached maximum market potential."

-Ends-

For further information:

CentralNic Group plc
Ben Crawford (CEO)	[phone]
Zeus Capital - NOMAD and Joint Broker
Ross Andrews / Nick Cowles (Corporate Finance) John Goold / Alex Davies (Institutional Sales)	[phone]
Peel Hunt LLP - Joint Broker
Richard Kauffer / Euan Brown (Corporate Finance)	[phone]
Abchurch Communications
Jamie Hooper / Canace Wong	[phone]
[e-mail]	www.abchurch-group.com

About CentralNic

CentralNic (LSE: CNIC) is a London-based AIM-listed company which earns revenues from the worldwide sales of internet domain names over its proprietary technology platform. These domain names are sold on an annual subscription basis and paid for by customers upfront, making CentralNic a cash-generative business with annuity revenue streams.   CentralNic comprises three business lines within the domain name industry.   It operates a global wholesale network, supplying domain names to over 1,500 vendors in 77 countries. CentralNic is the exclusive wholesaler for all domains ending with .tickets, .site, .design .bar, .love, .feedback, .xyz, and over 30 other new Top-Level Domain extensions (the new. alternatives to .com and .net). One in five of all domains registered under new TLDs globally uses the CentralNic platform, ranking CentralNic as the number two global supplier with over one million of these domains under management. CentralNic is also a leading global domain name retailer, with its retail websites including internetbs.net, buydomains.london and domain.luxury.  Additionally, via its enterprise programme, CentralNic supplies domain names (including high-value premium domain names), software and services directly to large corporations and governments.

For more information please visit: www.centralnic.com 

 

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