We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Centralnic Group Plc | LSE:CNIC | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 123.20 | 123.20 | 123.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCNIC
RNS Number : 8124P
CentralNic Group PLC
22 February 2021
22 February 2021
CentralNic Group plc
("CentralNic" or "the Company" or "the Group")
Acquisition of Wando
CentralNic Group plc (AIM: CNIC), the global internet platform that derives revenue from the subscription sales of domain names and web services, announces that it has entered into a binding agreement to acquire Wando Internet Solutions GmbH ("Wando") for an initial consideration of EUR 5.4m (c.USD 6.5m) (the "Acquisition"). The transaction is expected to close in the course of today.
Based in Berlin, Germany, Wando is a technology company operating in the fields of Social marketing, Display advertising and SEM Advertising.
In FY2020, Wando generated unaudited revenue of EUR 4.9m (c. USD 5.6m) and unaudited EBITDA of EUR 1.2m (c. USD 1.4m). CentralNic's distribution network is an important sales channel for Wando, representing more than half its revenue. Through a closer vertical integration, CentralNic expects to grow Wando's sales.
The initial consideration, which is subject to customary adjustments for cash and net working capital, will be paid from the proceeds from the Group's recent bond placement. Under the terms of the agreement, the sellers of Wando may earn up to another EUR 5.4m (c. USD 6.5m) payable in Q3 2022 subject to stretched performance targets being met.
Ben Crawford, CEO of CentralNic, said "We are excited by the vertical integration that this acquisition brings. Wando provides us with a new platform, expert staff, and a growing, profitable extension to our existing business and we expect it to bring accelerated growth and augmented margins for our fast-growing monetization business."
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 / Alex Price / Richard Short +44 (0) 20 7710 7600 ------------------------------------------ +47 411 04 466 Lisa.Karlsen@paretosec.com Pareto Securities AS (Bond Arranger) Lisa Karlsen ------------------------------------------ SEC Newgate (for Media) +44 (0) 203 757 6880 Bob Huxford / Tom Carnegie / centralnic@secnewgate.co.uk Isabelle Smurfit ------------------------------------------
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
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
MSCTBMMTMTJTTPB
(END) Dow Jones Newswires
February 22, 2021 02:00 ET (07:00 GMT)
1 Year Centralnic Chart |
1 Month Centralnic Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions