CentralNic Group PLC Completion of the acquisition of Hexonet Group (1651I)
07 August 2019 - 4:01PM
UK Regulatory
TIDMCNIC
RNS Number : 1651I
CentralNic Group PLC
07 August 2019
7 August 2019
CentralNic Group plc
("CentralNic" or the "Company" or the "Group")
Completion of the acquisition of Hexonet Group
CentralNic Group PLC (AIM: CNIC), the global internet platform
that derives revenue from the subscription sales of internet domain
names, is pleased to announce that, further to the announcement
released on 1 July 2019, the acquisition ("the Acquisition") of
Hexonet Group ("Hexonet") is now complete.
Hexonet, with operations in Canada and Germany, sells domain
name subscriptions directly and via more than a thousand resellers
in over 110 countries, managing over 3.8 million domains on its
proprietary software platforms. The acquisition increases
CentralNic's domains under management by c.28%.
Completion of the Acquisition follows CentralNic paying EUR7.0
million for all shares in Hexonet. The Company will further make a
deferred payment of up to EUR3.0 million on the first anniversary
of completion, payable in cash or CentralNic shares at prevailing
market price, at the Company's discretion.
Ben Crawford, CEO of CentralNic, said: "This transaction marks
another important step in CentralNic's strategy to rapidly
consolidate the global recurring revenue domain name industry. Like
CentralNic, Hexonet has a high level of recurring revenue and
excellent customer retention. Its technically advanced global
reseller platform and expert staff further boost our market share
and competitiveness. We look forward to providing further updates
in future."
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
Robin Tozer
-----------------------------
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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