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CentralNic Group PLC  -  CNIC   

Purchase of premium domain name portfolios

Released 07:00 09-Jan-2018

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 8th 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 

+44 (0) 203 388 0600

 

 

Zeus Capital Limited - NOMAD and Joint Broker

 

Nick Cowles / Jamie Peel (Corporate Finance)

 

John Goold / Alex Davies (Institutional Sales)

+44 (0) 161 831 1512

 

+44 (0) 203 829 5000

 

 

N+1 Singer - Joint Broker

 

Shaun Dobson / Jen Boorer  

 

 

+44 (0) 207 496 3000

 

 

Abchurch Communications

Corporate & Financial PR Advisers to CentralNic

 

Julian Bosdet

Dylan Mark

Alejandra Campuzano 

+44 (0) 20 7469 4631

+44 (0) 20 7469 4633

+44 (0) 20 7469 4634

 

centralnic@abchurch-group.com

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 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Purchase of premium domain name portfolios - RNS