CentralNic Group PLC CentralNic Group rebrands as Team Internet Group (2018L)

TIDMTIG

RNS Number : 2018L

CentralNic Group PLC

04 September 2023

 
 4 September 2023 
                                 CentralNic Group plc 
 
                           ("CentralNic" or the "Company") 
 
                   CentralNic Group rebrands as Team Internet Group 
 
             CentralNic Group plc (AIM: CNIC), the global internet company 
           generating recurring revenue from privacy-safe, AI-based customer 
              journeys that help online consumers make informed choices, 
               is delighted to announce its rebranding as "Team Internet 
             Group". Further, effective from 5 September 2023, the Company 
              's shares will be trading under the ticker "TIG". Its ISIN 
                                will remain unchanged. 
 
          Recognising our transformative evolution, the name 'Team Internet' 
             aligns closely with our foundational ethos. The Group is now 
             built upon distinct pillars - each an authority in its domain 
               - which collectively function as one cohesive 'Team'. Our 
            shared passion for shaping the future of the 'Internet' unifies 
            us. CentralNic's metamorphosis into a highly profitable digital 
              marketing technology platform business was catalysed by the 
            acquisition of Team Internet AG in 2019. The revered CentralNic 
             brand will continue as the overarching brand for the Group's 
                              Online Presence businesses. 
 
               This rebranding will not alter our business operations or 
               financial framework. To legally amend the Company's name, 
            shareholder approval is required at a General Meeting, details 
                       of which will be communicated separately. 
 
              As September celebrates the 10th anniversary of our IPO, we 
            mark this milestone and our journey as a publicly traded entity 
              through both our rebranding and a Capital Market Day event 
                   at the London Stock Exchange at 9.30am BST today. 
 
               Michael Riedl, CEO, remarked: "Our t ier-one businesses, 
               cutting-edge technologies, and the boundless potential of 
              our team will continue to fuel the Company's growth, which 
              has seen its revenues increase from $4m at the time of IPO 
                             in 2013, to $728m in FY 2022. 
 
              With our refreshed identity, we remain anchored in our core 
            values. We act like owners, deeply committed to our collective 
             mission and vision. Our courage to consistently do the right 
              thing, even when faced with challenges, sets us apart. Our 
            mindset has always been about working smart, crafting solutions 
               and innovations that we take pride in. And as we progress 
             under the 'Team Internet' banner, our shared purpose becomes 
          even more pronounced, reinforcing that in unity, we will succeed." 
 
              From 9am BST today, interested parties can learn more about 
                          the rebranding at teaminternet.com 
 
 For further information: 
 
 CentralNic Group plc (trading 
  as Team Internet)                                              [phone] 
 Michael Riedl, Chief Executive Officer 
 William Green, Chief Financial Officer 
 
 Zeus (NOMAD and Joint Broker) 
 Nick Cowles / Jamie Peel / James Edis 
  (Investment Banking)                                           [phone] 
 Dominic King (Corporate Broking)                                [phone] 
 
 Berenberg (Joint Broker)                                        [phone] 
 Mark Whitmore / Richard Andrews / 
  Alix Mecklenburg-Solodkoff 
 
 SEC Newgate (for Media)                                         [phone] 
 Bob Huxford / Alice Cho / Harry Handyside              [e-mail] 
  / Tom Carnegie 
 
 
 About CentralNic Group Plc 
 
 CentralNic (trading as Team Internet (AIM: CNIC)) creates 
  meaningful and successful connections from businesses to domains, 
  brands to consumers, publishers to advertisers, enabling everyone 
  to realise their digital ambitions. The Company is a leading 
  global internet solutions company that operates in two highly 
  attractive markets: high-growth digital advertising (Online 
  Marketing segment) and domain name management solutions (Online 
  Presence segment). The Company's Online Marketing segment 
  creates privacy-safe and AI-generated online consumer journeys 
  that convert general interest online media users into confident 
  high conviction consumers through advertorial and review websites. 
  The Online Presence segment is a critical constituent of the 
  global online presence and productivity tool ecosystem, where 
  the Company serves as the primary distribution channel for 
  a wide range of digital products. The Company's high-quality 
  earnings come from subscription recurring revenues in the 
  Online Presence segment and revenue share on rolling utility-style 
  contracts in the Online Marketing segment. 
 
 

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September 04, 2023 02:00 ET (06:00 GMT)