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TIG Team Internet Group Plc

172.00
6.20 (3.74%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Team Internet Group Plc LSE:TIG London Ordinary Share GB00BCCW4X83 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  6.20 3.74% 172.00 169.20 170.00 170.00 164.60 166.60 667,355 16:35:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Consulting Svcs,nec 728.24M -2.08M -0.0076 -223.68 463.5M

CentralNic Group PLC Purchase of premium domain name portfolios (3208B)

09/01/2018 7:00am

UK Regulatory


Team Internet (LSE:TIG)
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TIDMCNIC

RNS Number : 3208B

CentralNic Group PLC

09 January 2018

 
 Press Release   9(th) January 2018 
 

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")

Purchase of premium domain name portfolios

CentralNic, the global software platform company supporting subscription web services including domain names, announces that on 8(th) January 2018 it completed the purchase of a number of portfolios of premium domain names with .com as their suffix, for an aggregate consideration of GBP2.5 million, satisfied from the Company's own cash resources.

Ben Crawford, CEO of CentralNic, said: "CentralNic is delighted to have replenished its inventory of premium domains for trading, with these portfolios of mid-priced domains obtained at an attractive discount to current market rates. The market for these domains is relatively liquid, and trading in them leverages the Company's global distribution capabilities and adds to the Company's diversified revenue strategy."

-Ends-

For further information:

 
 CentralNic Group Plc 
 Ben Crawford (CEO) 
  Don Baladasan, Chief Financial           +44 (0) 203 388 
  Officer                                             0600 
 
 Zeus Capital Limited - NOMAD 
  and Joint Broker 
 Nick Cowles / Jamie Peel                  +44 (0) 161 831 
  (Corporate Finance)                                 1512 
 
  John Goold / Alex Davies                 +44 (0) 203 829 
  (Institutional Sales)                               5000 
 
 
 N+1 Singer - Joint Broker 
                                           +44 (0) 207 496 
  Shaun Dobson / Jen Boorer                           3000 
 
 Abchurch Communications 
  Corporate & Financial PR 
  Advisers to CentralNic 
                                           +44 (0) 20 7469 
                                                      4631 
                                           +44 (0) 20 7469 
 Julian Bosdet                                        4633 
  Dylan Mark                               +44 (0) 20 7469 
  Alejandra Campuzano                                 4634 
 centralnic@abchurch-group.com      www.abchurch-group.com 
 

About CentralNic Group plc

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

MSCFKCDPABKKKDK

(END) Dow Jones Newswires

January 09, 2018 02:00 ET (07:00 GMT)

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