CentralNic Group PLC Board Change (2158O)

TIDMCNIC

RNS Number : 2158O

CentralNic Group PLC

17 August 2017

 
 Press Release    17 August 2017 
 

CentralNic Group plc

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

Board Change

CentralNic Group plc (AIM:CNIC), the internet platform that derives revenue from the worldwide sales of internet domain names, announces that, following the completion of the integration of Instra Group, Desleigh Jameson has decided to leave CentralNic Group and resigned as a Director of the Company with immediate effect.

Desleigh joined the Group in January 2016 when it made the AU $33 million (approximately GBP20 million at August 2017 exchange rates) acquisition of Instra Corporation ("Instra"), where she was CEO.

Ben Crawford, the Company's CEO, said "The integration of Instra's operations in to the Group structure is complete and the Board wishes to thank Desleigh for her hard work in very quickly merging the highly successful Instra business in to the ever-expanding CentralNic. We wish her the very best of luck for the future."

   -     Ends - 

For further information:

 
    CentralNic Group plc 
    Ben Crawford, Chief Executive 
     Officer                             [phone] 
    Don Baladasan, Chief Financial 
     Officer 
 
    Zeus Capital - Nomad and 
     Joint Broker 
    Nick Cowles / Jamie Peel             [phone] 
    John Goold / Alex Davies             [phone] 
 
      Peel Hunt LLP - Joint Broker 
    Edward Knight / Euan Brown 
     (Corporate)                         [phone] 
    Alastair Rae (Syndications) 
 
    Abchurch Communications 
    Julian Bosdet / Dylan Mark 
     / Alejandra Campuzano               [phone] 
    [e-mail]        www.abchurch-group.com 
 

About CentralNic Group plc

CentralNic (AIM: CNIC) is a London-based AIM-listed company which operates globally with customers in over 200 countries. It earns revenues from the worldwide sales of internet domain names using its proprietary technology platform. CentralNic sells these domain names on an annual subscription basis. Customers pay for domain names upfront, making CentralNic a cash-generative business with annuity revenue streams.

CentralNic comprises of three business lines within the domain name industry including wholesale, retail and enterprise divisions. It operates a global network, supplying domain names to over 1,500 vendors in 77 countries to reach over 100,000 resellers. CentralNic is the exclusive wholesaler for over 30 new Top-Level Domain (nTLDs) extensions such as xyz, .site, .online, .website, .space, and .tech (the new alternatives to .com and .net). They rank amongst the top 20 most subscribed nTLDs. About one in three of all domains registered under nTLDs globally use the CentralNic platform. This positions CentralNic as the leading global supplier with more than eight million of these domains under management.

CentralNic is also a leading global domain name retailer, with retail websites including internetbs.net, buydomains.london and domain.luxury. After acquiring Instra Group, CentralNic Group now includes instra.com and a number of other leading retail websites. Through its enterprise programme, CentralNic supplies domain names (itself owning approximately 37,500 premium domain names that it trades), software and services directly to large companies and governments including Saudi Telecom Company, Etisalat and Kuwait Finance House.

For more information please visit: www.centralnic.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

BOAOKADPDBKBCFD

(END) Dow Jones Newswires

August 17, 2017 02:01 ET (06:01 GMT)