Business
Sale of Premium Domain Names
Sale of Premium Domain Names.
About this update from Team Internet Group Plc
[{"type":"text","content":"\n \nRNS Number : 7544V CentralNic Group PLC 07 November 2017 \n\n \n \n \n\n\n\n\nPress Release\n\n\n7th November 2017\n\n\n\n\n \nThe 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. \n \nCentralNic Group plc\n \n(\"CentralNic\" or \"the Company\" or \"the Group\")\n \nSale of Premium Domain Names \n \nCentralNic Group plc, (AIM:CNIC), the global software platform company supporting subscription web services including domain names, is pleased to announce that it has entered into an agreement to sell a number of premium domain names, under which it will receive consideration of US$ 3.4 million. \nUnder the premium domain sales agreement, entered into on 6th November 2017, CentralNic will receive US$ 3.4 million consideration in cash, the proceeds of which will be utilised to further accelerate growth within the Group. \n \nCentralNic CEO Ben Crawford said: \"Management's primary focus remains on growing CentralNic's recurring revenue base and, therefore, premium domain name sales are expected to continue the trend of contibuting a decreasing proportion of the Group's revenues from 2018.\"\n \n-Ends-\n \n \nFor further information: \n \n\n\n\n\nCentralNic Group Plc\n\n\n\n\n\n\n\nBen Crawford (CEO) \nDon Baladasan, Chief Financial Officer \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 / Jamie Peel \nCorporate Finance \n \nJohn Goold / Alex Davies /Rupert Woolfenden \nInstitutional Sales \n\n\n+44 (0) 161 831 1512\n+44 (0) 207 829 5000\n\n\n\n\n\n\n\n\n\n\n\n\nAbchurch Communications\nCorporate & Financial PR Advisers to CentralNic \n\n\n\n\n\n\n\nJulian Bosdet\nDylan Mark\nAlejandra Campuzano \n\n\n+44 (0) 20 7469 4631\n+44 (0) 20 7469 4633\n+44 (0) 20 7469 4634\n \n\n\n\n\[email protected]\n\n\nwww.abchurch-group.com\n\n\n\n\n \n \n \nAbout CentralNic Group plc \n \nCentralNic (AIM:...