CentralNic Group PLC - Completion of Acquisition of Zeropark and Voluum
CentralNic Group plc
("CentralNic" or the "Company")
Completion of Acquisition of Zeropark and Voluum
CentralNic Group plc (AIM: CNIC), the global internet platform that derives revenue from the worldwide sales of internet domain names and related services, is pleased to announce the completion of its acquisition (the "Acquisition") of the Zeropark and Voluum businesses including all material trade and assets pertaining thereto (together, being "Codewise").
· The total consideration for the Businesses is
· The consideration for the Acquisition and associated deal costs has been funded via a placing of 40,000,000 new ordinary shares (the "Placing Shares") at a placing price of
· In the 12 months to
· The Acquisition is expected to be more than 20 per cent earnings accretive for CentralNic.
· The Acquisition further enhances CentralNic's successful monetisation business, following the acquisition of Team Internet in
· The Board of CentralNic believes that the Acquisition has the potential to generate revenue synergies through cross selling with its other businesses. and potential cost synergies across technology platforms, server bulk discounts and marketing efforts. Through its due diligence, the Board has to date identified approximately
· Enhances CentralNic's talent pool through the retention of the Businesses' management team and c. 140 staff, including a highly qualified development team in the technology hub of Krakow.
· The Acquisition removes a leading competitor to the Team Internet business while substantially increasing CentralNic's market share in the attractive monetisation sector. The Acquisition also considerably broadens CentralNic's network of domain investor customers, monetisation partners and publishers. The Businesses currently serve over 6,000 customers across 190 countries.
· The acquisition augments the service offering of CentralNic's Direct segment with marketing automation and customer engagement solutions.
For further information:
CentralNic Group Plc
Don Baladasan, Group Managing Director
+44 (0) 203 388 0600
Zeus Capital Limited (NOMAD and Joint Broker)
+44 (0) 161 831 1512
+44 (0) 203 829 5000
Stifel (Joint Broker)
+44 (0)20 7710 7600
Newgate Communications (for Media)
+44 (0) 203 757 6880
About CentralNic Group plc
CentralNic (AIM: CNIC) is a
For more information please visit: www.centralnicgroup.com
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