Business
Issue of Consideration Shares
Issue of Consideration Shares.
About this update from Team Internet Group Plc
[{"type":"text","content":"\n \nRNS Number : 8820L CentralNic Group PLC 14 January 2016 \n\n \n \n \n\n\n\n\nPress Release\n\n\n 14 January 2016\n\n\n\n\n \n \nCentralNic Group Plc\n \n(\"CentralNic\" or the \"Company\")\n \nIssue of Consideration Shares\n \nCentralNic, (AIM: CNIC), the internet platform business which derives revenues from the global sale of domain names, confirms, further to the announcement made on 8 December 2015, that it has completed the acquisition of Instra Group. As part of the consideration payable under the terms of the Acquisition, CentralNic will issue 3,656,450 Ordinary Shares of 0.1 pence to the vendor of Instra Group, representing 3.82% of the enlarged share capital post admission. The Consideration Shares will be subject to a lock in for a period of 12 months from completion (subject to the customary exemptions), followed by an orderly market arrangement for an additional 180 days.\n \nApplication will be made to the London Stock Exchange on 14 January 2016 for the new shares to be admitted to trading on AIM. It is expected that admission to trading will occur on 20 January 2016. \n \nFor the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules (\"DTRs\"), the issued ordinary share capital of the Company following admission on 20 January will consist of 95,663,931 Ordinary Shares. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the DTRs.\n \nTerms in this announcement which are not defined herein shall have the same meanings as in the Circular to Shareholders of the Company dated 8 December 2015.\n-Ends-\n \n \n \n \n \nFor further information:\n \n\n\n\n\nCentralNic Group Plc\n\n\n \n\n\n\n\nBen Crawford (CEO)\n\n\n+44 (0) 203 388 0600\n\n\n\n\n \n\n\n \n\n\n\n\nZeus Capital Limited - NOMAD and Joint Broker\n\n\n \n\n\n\n\nNick Cowles / Ross Andrews\nJohn Goold / Alex Davies \n\n\n+44 (0) 161 831 1512\n+44 ...