Settlement of Bond and Update on Acquisitions
The 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.
4 July 2019
CentralNic Group plc
("CentralNic" or the "Company")
Settlement of Bond
and Update on Acquisitions
CentralNic Group PLC (AIM: CNIC), the global internet platform that derives revenue from the subscription sales of internet domain names, announces the settlement of its €50m senior secured bond issue, the placement of which was announced on 24 June 2019, occurred on 3 July 2019. The bonds have been issued under ISIN NO0010856750 and can be traded on the Open Market of the Frankfurt Stock Exchange.
Upon disbursement, which is expected before the end of this month, the Company will use these funds to repay existing interest-bearing liabilities and to fund its most recent acquisitions: TPP Wholesale, Australasia's leading platform for resellers of domain names and hosting, for a headline consideration of $24m AUD; and Hexonet, the global domain name reseller managing over 3.8 million domains, for consideration of up to €10m, up to €3m of which in shares.
Both acquisitions are progressing to plan and are expected to complete on schedule by the end of this month.
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
+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)
+44 (0) 203 757 6880
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
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Market Cap: £76.35 m
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