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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Team Internet Group Plc | LSE:TIG | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
7.00 | 4.00% | 182.00 | 180.40 | 181.00 | 181.20 | 174.00 | 177.40 | 913,676 | 16:35:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Business Consulting Svcs,nec | 836.9M | 24.3M | 0.0891 | 20.27 | 492.4M |
TIDMCNIC
RNS Number : 1426N
CentralNic Group PLC
28 September 2021
28 September 2021
CentralNic Group plc
("CentralNic" or "the Company" or "the Group")
Acquisition Announcement
CentralNic Group plc (AIM: CNIC), the global internet platform company that derives revenue from the sales of online presence and marketing services, is pleased to announce that it has entered into an agreement to acquire a publishing network of revenue generating websites ("Publishing Network") for a consideration of USD 6.5m in cash and assumed working capital liabilities ("Acquisition") from White & Case Ltd. The Acquisition is expected to complete on or around 1 October 2021 and will be financed from available liquidity.
The acquisition will be immediately earnings accretive. On a standalone basis, the websites are expected to generate at least USD 2.0m in annualised revenue and USD 1.5m in annualised EBITDA post-acquisition. As CentralNic is already today monetising roughly half the websites' traffic, this is expected to translate into c.USD 1.0m of additional revenue, c.USD 0.5m of reduced COGS and c.USD 1.5m of EBITDA as of financial year 2022. The Acquisition is part of a larger vertical integration strategy, providing the Group's Online Marketing segment with more proprietary and exclusive traffic to monetise.
Ben Crawford, CEO of CentralNic, said "Exclusive access to proprietary website traffic is a pillar of our Online Marketing segment's sustainable competitive advantage. This acquisition will give us more exclusive website traffic and will augment margins for our fast-growing Online Marketing 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) Rupert Woolfenden (Institutional +44 (0) 161 831 1512 Sales) +44 (0) 203 829 5000 ------------------------------ Stifel (Joint Broker) Fred Walsh / Alex Price / Richard Short +44 (0) 20 7710 7600 ------------------------------ Newgate Communications (for Media) +44 (0) 203 757 6880 Bob Huxford / Tom Carnegie / centralnic@newgatecomms.com 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 providing businesses around the world with tools to build their online presence and to win customers and earn revenues online. The Company complements its organic growth with target acquisitions of 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 online presence and online marketing services on a subscription or pay per use basis. For more information please visit: www.centralnicgroup.com
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September 28, 2021 02:00 ET (06:00 GMT)
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