Minds + Machines Group Limited Regulatory Approval (8118G)

TIDMMMX

RNS Number : 8118G

Minds + Machines Group Limited

28 July 2021

Minds + Machines Group Limited

("MMX", the "Company" or "Group")

ICANN Approval of Sale of Assets to Registry Services, LLC and Extension of Longstop Date

Minds + Machines Group Limited (AIM:MMX), the top-level domain ("TLD") registry company, is pleased to announce that it has received ICANN approval for the transfer of the majority of the Company's 27 TLDs and related assets to Registry Services, LLC ("GoDaddy Registry"), an affiliate of GoDaddy Inc., pursuant to the asset purchase agreement dated 7 April 2021 (the "Asset Purchase Agreement"). The Company and GoDaddy Registry continue to work with ICANN and MMX government partners to obtain the necessary consents to transfer the remaining TLDs and related assets. All other conditions precedent for the transfer of these TLDs have been completed. MMX expects to complete the material procedural processes within the next two weeks; therefore, MMX and GoDaddy agreed to extend the longstop date from 7 August 2021 to 23 August 2021.

Tony Farrow, CEO of MMX, commented:

"The Board is delighted to have reached this stage in the sale of MMX's assets to GoDaddy Registry and thanks its commercial and government partners and ICANN for their support in approving this transaction. We look forward to completion of the transfer of our assets to GoDaddy Registry."

For further information:

 
  Minds + Machines Group Limited 
  Tony Farrow (CEO)                             via Belvedere Communications 
   Bryan Disher (CFO)                            Limited 
 
  finnCap Ltd                                   Tel: [phone] 
  Corporate finance - Stuart Andrews / Carl 
   Holmes / Simon Hicks 
   Corporate broking - Tim Redfern / Richard 
   Chambers 
 
  Belvedere Communications Limited              Tel: [phone] 
   John West                                     2756 
   Llew Angus 
 

For further information, please go to www.mmx.co

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

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 [e-mail] 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

REAEAKXPAEEFEFA

(END) Dow Jones Newswires

July 28, 2021 12:06 ET (16:06 GMT)