CentralNic Group PLC XYZ Contract Renegotiation and Renewal (0449Q)

TIDMCNIC

RNS Number : 0449Q

CentralNic Group PLC

07 September 2017

 
 Press Release   7(th) September 2017 
 

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.

CentralNic Group Plc

("CentralNic" or "the Company" or "the Group" or "CentralNic Group")

Renewal and renegotiation of contract with XYZ.COM LLC, owner of .xyz

CentralNic, the global software platform company supporting subscription web services including domain names, is pleased to announce that it has renegotiated and renewed its exclusive wholesaler contract with XYZ.com, owner of the .xyz Top-Level Domain ("TLD"), until May 2032. CentralNic will continue to be the exclusive wholesaler for .xyz and any other TLD acquired by XYZ.com.

CentralNic will receive a fixed fee based on the volume of .xyz registrations and subscriptions managed.

As one of the most popular domains in the world, .xyz is the go-to domain ending for the next generation of internet users. High profile businesses and individuals using .xyz include Google, Mark Zuckerberg, the founders of Skype, and Deloitte. The suffix has seen the most adoption from startups and entrepreneurs, as well as businesses in emerging internet markets including Indonesia and China.

Ben Crawford, CEO of CentralNic, said: "The long-standing excellent relationship between CentralNic and .xyz has been updated to normalise the Company's revenues and profits going forward."

-Ends-

For further information:

 
 CentralNic Group Plc 
 Ben Crawford (CEO) 
  Don Baladasan, Chief Financial 
  Officer                             [phone] 
 
 Zeus Capital Limited - NOMAD 
  and Joint Broker 
 Nick Cowles / Jamie Peel 
  John Goold / Alex Davies            [phone] 
  / Rupert Woolfenden                 [phone] 
 
 Peel Hunt LLP - Joint Broker 
 Edward Knight / Nick Prowting 
  (Corporate) 
  Alastair Rae (Syndications)         [phone] 
 Abchurch Communications 
  Corporate & Financial PR 
  Advisers to CentralNic 
 Julian Bosdet                        [phone] 
  Dylan Mark                          [phone] 
  Alejandra Campuzano                 [phone] 
 [e-mail]      www.abchurch-group.com 
 

About CentralNic

CentralNic (AIM: CNIC) is a London-based AIM-listed company which develops and manages software platforms allowing businesses globally to use the internet for their own websites and email, as well as protecting their brands online. Its core growth strategy is identifying and acquiring cash-generative businesses with annuity revenue streams and exposure to emerging markets, and migrating them onto the CentralNic software and operating platforms.

CentralNic operates globally with customers in over 200 countries. It earns revenues from the worldwide sales of internet domain names and hosting on an annual subscription basis.

For more information please visit: www.centralnic.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTUGUMABUPMGRQ

(END) Dow Jones Newswires

September 07, 2017 02:01 ET (06:01 GMT)