CentralNic Group PLC Settlement of Bond and Update on Acquisitions (4313E)

TIDMCNIC

RNS Number : 4313E

CentralNic Group PLC

04 July 2019

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.

4 July 2019

CentralNic Group plc

("CentralNic" or the "Company")

Settlement of Bond

and Update on Acquisitions

CentralNic Group PLC (AIM: CNIC), the global internet platform that derives revenue from the subscription sales of internet domain names, announces the settlement of its EUR50m senior secured bond issue, the placement of which was announced on 24 June 2019, occurred on 3 July 2019. The bonds have been issued under ISIN NO0010856750 and can be traded on the Open Market of the Frankfurt Stock Exchange.

Upon disbursement, which is expected before the end of this month, the Company will use these funds to repay existing interest-bearing liabilities and to fund its most recent acquisitions: TPP Wholesale, Australasia's leading platform for resellers of domain names and hosting, for a headline consideration of $24m AUD; and Hexonet, the global domain name reseller managing over 3.8 million domains, for consideration of up to EUR10m, up to EUR3m of which in shares.

Both acquisitions are progressing to plan and are expected to complete on schedule by the end of this month.

For further information:

 
 CentralNic Group Plc 
  Ben Crawford, Chief Executive 
  Officer 
  Don Baladasan, Group Managing 
  Director 
  Michael Riedl, Chief Financial 
  Officer                                 [phone] 
 Zeus Capital Limited (NOMAD 
  and Joint Broker) 
  Nick Cowles / Jamie Peel (Corporate 
  Finance) 
  John Goold / Rupert Woolfenden           [phone] 
  (Institutional Sales)                    [phone] 
                                        ----------------------------- 
 Stifel (Joint Broker) 
  Fred Walsh / Neil Shah / Alex 
  Price                                           [phone] 
                                        ----------------------------- 
 Newgate Communications (for             [phone] 
  Media)                                  [e-mail] 
  Bob Huxford 
  Tom Carnegie 
                                        ----------------------------- 
 

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

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July 04, 2019 02:00 ET (06:00 GMT)