CentralNic Group PLC Settlement of Bond and Update on Acquisitions (4313E)
04 July 2019 - 4:00PM
UK Regulatory
TIDMCNIC
RNS Number : 4313E
CentralNic Group PLC
04 July 2019
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 EUR50m 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 EUR10m, up to
EUR3m 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
(Institutional Sales) +44 (0) 203 829 5000
-----------------------------
Stifel (Joint Broker)
Fred Walsh / Neil Shah / Alex
Price +44 (0)20 7710 7600
-----------------------------
Newgate Communications (for +44 (0) 203 757 6880
Media) centralnic@newgatecomms.com
Bob Huxford
Tom Carnegie
-----------------------------
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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END
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