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Response to Speculation

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RNS Number : 4909T
CentralNic Group PLC
14 November 2019
 

14 November 2019

 

CentralNic Group plc

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

 

Response to speculation

 

 

CentralNic (AIM: CNIC), the global internet platform that derives revenue from the subscription sales of domain names and web services, has been made aware of speculation in relation to the potential acquisition of Team Internet AG, a Munich based business which is a subsidiary of Matomy Media Group Ltd (LON: MTMY). CentralNic management can confirm that it is currently engaged in advanced discussions, which may or may not lead to a transaction being completed. Further announcements will be made in due course if appropriate.

 

 

 

 

For further information:  

CentralNic Group Plc

Ben Crawford, Chief Executive Officer

Don Baladasan, Group Managing Director

Michael Riedl, Chief Financial Officer

 

 +44 (0) 203 388 0600

Zeus Capital Limited (NOMAD and Joint Broker)

Nick Cowles / Jamie Peel (Corporate Finance)

John Goold / Rupert Woolfenden 

(Institutional Sales)

 

+44 (0) 161 831 1512

+44 (0) 203 829 5000

Stifel (Joint Broker)

Fred Walsh / Neil Shah / Alex Price

 

+44 (0)20 7710 7600

 

 

Newgate Communications (for Media)

Bob Huxford, Tom Carnegie, Robin Tozer

+44 (0) 203 757 6880

[email protected]

 

 

About CentralNic Group plc 

CentralNic (AIM: CNIC) is a London-based AIM-listed company which drives the growth of the global digital economy by developing and managing software platforms allowing businesses globally to buy subscriptions to domain names, used for their own websites and email, as well as for protecting their brands online.  Its core growth strategy is identifying and acquiring cash-generative businesses in its industry with annuity revenue streams and exposure to growth markets and migrating them onto the CentralNic software and operating platforms. 

 

CentralNic operates globally with customers in almost every country in the world.  It earns recurring revenues from the worldwide sales of internet domain names and other services on an annual subscription basis. 

 

For more information please visit: www.centralnicgroup.com 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Price: 67

Market: LSE
Market Cap: £121.8 m
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CentralNic's acquisition of Team Internet to be 'significantly earnings...

CentralNic Group PLC's (LON:CNIC) Ben Crawford speaks to Proactive London's Andrew Scott following the news they're to acquire Team Internet - a Munich-based domain name monetisation services provider. Crawford expected the deal to be immediately earnings enhancing for the current financial...

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