ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

CNIC Centralnic Group Plc

123.20
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

CentralNic Group PLC Completion of Capital Reduction (2442W)

14/08/2020 5:23pm

UK Regulatory


Centralnic (LSE:CNIC)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Centralnic Charts.

TIDMCNIC

RNS Number : 2442W

CentralNic Group PLC

14 August 2020

14 August 2020

 
 
 

CentralNic Group plc

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

Completion of Capital Reduction

CentralNic Group PLC (AIM: CNIC), the internet platform that derives revenue from the worldwide sales of internet domain names and related services, is pleased to announce that the Capital Reduction resolved by its Annual General Meeting on 4 June 2020 has been completed subsequent to its approval by the High Court and its registration by the Companies House effective 14 August 2020.

The Capital Reduction increases the Company's distributable reserves and facilitates making future distributions to its shareholders, including the payment of dividends. The Capital Reduction does not result in any cash outflow nor does it impact the Company's profits. There is no change in the number of shares in issue or their nominal value. No new share certificates are being issued because of the Capital Reduction. The Capital Reduction itself does not involve any distribution or repayment of capital or share premium by the Company and does not reduce the underlying net assets of the Company.

Ben Crawford, CEO of CentralNic, said: " It is an opportune time to undertake this Capital Reduction, thereby making the payment of dividends possible, should the Board decide at a future date that the financial performance of the Group and the economic environment indicate that issuing a dividend is the most appropriate action to benefit shareholders."

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                            +44 (0)20 7710 7600 
 Newgate Communications (for Media)         +44 (0) 203 757 6880 
  Bob Huxford                                centralnic@newgatecomms.com 
  Tom Carnegie 
  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.

END

MSCUSANRRBUWAAR

(END) Dow Jones Newswires

August 14, 2020 12:23 ET (16:23 GMT)

1 Year Centralnic Chart

1 Year Centralnic Chart

1 Month Centralnic Chart

1 Month Centralnic Chart

Your Recent History

Delayed Upgrade Clock