Proactive Investors - Run By Investors For Investors

CentralNic to receive 680,000 domain names

The company said ICANN, a non-profit responsible for maintaining domain name databases, had selected the firm to receive the domains from a registrar that was no longer accredited
domain name
The new domains would be transferred to three of CentralNic's subsidiaries and provide revenues when they are renewed by their users

CentralNic Group PLC (LON:CNIC) said it will receive around 680,000 domain names as part of a bulk transfer from a former registrar.

The company, which provides internet domain registry services, said the Internet Corporation for Assigned Names and Numbers (ICANN), a non-profit responsible for maintaining domain name databases, had selected the firm to receive 679,840 domain names from a registrar that was no longer accredited.

READ: CentralNic reports “solid” 2018 performance as KeyDrive integration continues

CentralNic said the new domains would be transferred to three of its subsidiaries and provide revenues when they are renewed by the end users.

The group added that the transfer would be at no cost with any additional servicing expenditure expected to be “minimal”.

“This was a competitive process and our selection is a huge endorsement of the quality of our scalable platform, our exemplary track record and excellent reputation in the industry. We hope to be able to announce further successes of this kind in future", said Ben Crawford, chief executive of CentralNic.

In early trading Friday, CentralNic shares were down 2.2% at 45p.

--Adds share price--

View full CNIC profile View Profile

Centralnic Group PLC Timeline

Related Articles

mobile payment
June 22 2018
MySQUAR wants to beef up the mobile payments side of its operations in anticipation of a surge in demand for those services in a country where only 20% of the adult population have a bank account
Phone with apps
Thu
The company owns and operates a scalable B2B SaaS platform that allows users to distribute their mobile apps across multiple app stores such as Google Play
lock
October 18 2018
Managed services revenue jumped 52% in the first half of 2018 with the order book standing at £2.4mln.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use