TIDMCNIC

RNS Number : 7594K

CentralNic Group PLC

06 September 2021

6 September 2021

CENTRALNIC GROUP PLC

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

APPOINTS CARSTEN SJOERUP AS CHIEF TECHNOLOGY AND PRODUCT OFFICER,

NOTICE OF OPTION GRANTS, EXERCISES AND DIRECTOR DEALINGS

CentralNic Group Plc (AIM: CNIC), the global internet platform company that derives revenue from the sales of online presence and marketing services, announces the appointment of Carsten Sjoerup in the new role of Chief Technology & Product Officer, effective immediately.

This newly created role is an important step in CentralNic's roadmap to becoming a world leading online services provider. This role will lead the integration of our technology and product teams across all our brands, with a focus on our technical expertise and new product launches. This will allow us to deliver the best developed and curated choice of products to our customers.

Carsten is an industry leader and joins CentralNic from GoDaddy where he was CIO. In this role he was responsible for infrastructure, technical operations, 24x7 monitoring, IT Service Management, product engineering, research, software development, consolidations and migrations - leading a team of 600+ across the US, EMEA, and Asia. His many achievements in that role include modernising and automating the infrastructure, massively improving deployment time, decreasing error rates and optimising cost.

Prior to GoDaddy Carsten was CTO at Host Europe Group ("HEG"), which was acquired by GoDaddy in December 2016. In this role he led the integration and consolidation of multiple acquisitions into HEG (before integrating HEG into GoDaddy), including by building a migration engine and process still in use today. He was also in charge of modernising and automating the technologies and processes to ensure a unified platform.

Carsten's outstanding employment experience has also been recognised through winning the IBM CTO Innovation Award.

Ben Crawford, CentralNic CEO, said: "We are delighted to have Carsten join CentralNic Group. He is Europe's leading expert in our industry in integrating companies and launching new products. His new role of Chief Technology & Product Officer is a strategic position which will support CentralNic on its roadmap to become a world leading online services provider. His superb track record and commitment to excellence and innovation positions him ideally to join our leadership team."

Option Grants

A total of 1,500,000 nil-cost options under the terms of the LTIP have been awarded to Carsten Sjoerup in connection with his appointment as Chief Technology and Product Officer. The Awards under the LTIP vest subject to the continued employment of the Award holder and subject to the same stretched performance criteria applicable to the LTIP program of the Executive Directors for financial years 2021 through 2024.

Exercise of Share Options

CentralNic announces the exercise by the following PDMR of share options previously granted by the Company ("Options):

 
  PDMR           Number of Ordinary Shares   Date of grant of Option 
                  acquired on exercise of 
                  Options 
 Don Baladasan   1,808,000                   1 August 2019 
 Don Baladasan   293,151                     10 March 2020 
--------------  --------------------------  ------------------------ 
 

The exercise of options was satisfied by 2,101,151 shares from the CentralNic Employee Benefit Trust. After the above grants and exercises a total number of 20,197,886 Share Options are held under options granted to all employees and Directors of the CentralNic Group.

The table below summarising the total number of Ordinary Shares under options held by the Directors as at the date of this announcement:

 
 Director         Number of Ordinary     Vesting date             Exercise price 
                   Share subject                                   per Ordinary 
                   to options                                      Share 
 Ben Crawford     1,316,000              1 September 2016         GBP0.10 
                 ---------------------  -----------------------  --------------- 
 Ben Crawford     850,000                1 September 2016         GBP0.57 
                 ---------------------  -----------------------  --------------- 
 Ben Crawford     2,260,000              16 July 2021             Nil 
                 ---------------------  -----------------------  --------------- 
 Ben Crawford       672,146              1 March 2021 - 1 March   Nil 
                                          2023 
                   -------------------  -----------------------  --------------- 
 Ben Crawford       1,008,219            1 March 2022 - 1 March   Nil 
                                          2024 
                   -------------------  -----------------------  --------------- 
 Ben Crawford       1,008,218            1 March 2023 - 1 March   Nil 
                                          2025 
                   -------------------  -----------------------  --------------- 
 Don Baladasan      586,301              1 March 2021 - 1 March   Nil 
                                          2023 
                   -------------------  -----------------------  --------------- 
 Don Baladasan      879,452              1 March 2022 - 1 March   Nil 
                                          2024 
                   -------------------  -----------------------  --------------- 
 Don Baladasan      879,452              1 March 2023 - 1 March   Nil 
                                          2025 
                   -------------------  -----------------------  --------------- 
 Thomas Rickert   88,000                 2 September 2016         GBP0.57 
                 ---------------------  -----------------------  --------------- 
 Thomas Rickert   350,000                3 February 2019          GBP0.40 
                 ---------------------  -----------------------  --------------- 
 Tom Pridmore     88,000                 2 September 2016         GBP0.57 
                 ---------------------  -----------------------  --------------- 
 Tom Pridmore     350,000                3 February 2019          GBP0.40 
                 ---------------------  -----------------------  --------------- 
 Iain McDonald    350,000                26 October 2018          GBP0.40 
                 ---------------------  -----------------------  --------------- 
 Iain McDonald    500,000                10 March 2023            Nil 
                 ---------------------  -----------------------  --------------- 
 Michael Riedl    48,611                 1 January 2022           Nil 
                 ---------------------  -----------------------  --------------- 
 Michael Riedl      106,499              1 January 2023           Nil 
                   -------------------  -----------------------  --------------- 
 Michael Riedl      462,100              1 March 2021 - 1 March   Nil 
                                          2023 
                   -------------------  -----------------------  --------------- 
 Michael Riedl      693,150              1 March 2022 - 1 March   Nil 
                                          2024 
                   -------------------  -----------------------  --------------- 
 Michael Riedl      693,150              1 March 2023 - 1 March   Nil 
                                          2025 
                   -------------------  -----------------------  --------------- 
 
 

Director Dealings

CentralNic Group plc (LSE:CNIC, "Company" or "CNIC") received notification on the 3 September 2021 from Kestrel Partners LLP ("Kestrel") that on the 31 August 2021 it purchased, on behalf of its discretionary client accounts, an aggregate of 6,000 ordinary shares of GBP0.001 each ("Shares") in the Company at an average price of GBP1.00 per share. In August 2021 following an agreement by Kestrel to transfer its Inheritance Tax Solutions business ("KITS") to a third party, it has ceased to have management control over 157,323. These shares have now been transferred out of Kestrel's control.

Mr Royde is a partner of, and holds a beneficial interest in, Kestrel. Mr Royde is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in CNIC.

Following this transaction, Kestrel Opportunities holds (and consequently Mr Royde is deemed to have a beneficial interest in) 17,926,535 Shares in the Company, and other clients of Kestrel, in which Mr Royde has no beneficial interest hold 38,602,721 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 56,529,256 Shares in the Company, which represents 22.51 per cent of the Company's issued share capital.

Kestrel's interest in the Shares in the Company is held through the following nominees:

 
 Holding     Nominee                           No. of shares   % of issued share 
  type                                                          capital 
             Bank of New York Nominees 
 Indirect     Ltd                              17,926,535      7.14% 
            --------------------------------  --------------  ------------------ 
 Indirect    JIM Nominees Limited              1,564,287       0.63% 
            --------------------------------  --------------  ------------------ 
             Bank of New York Nominees 
 Indirect     Ltd                              24,042,291      9.57% 
            --------------------------------  --------------  ------------------ 
             CB NYK - CITIBANK N.A.-PRIVATE 
 Indirect     BK                               12,996,143      5.17% 
            --------------------------------  --------------  ------------------ 
 

The Company has further been notified on 3 September that Erin Invest and Finance Limited, a company in which Samuel Dayani, non-executive director, has a beneficial interest has on 2 September 2021 sold 264,097 ordinary shares of GBP0.001 each ("Shares") in the Company at an average price of GBP1.03 per share. Following these sales, Erin Invest and Finance has an interest of 20,392,585 shares representing 8.12 per cent of the issued share capital. Erin Invest and Finance considers itself a long-term holder in CNIC.

Annex

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1      Details of the person discharging managerial responsibilities 
         / person closely associated 
 
 a)     Name                            Don Baladasan 
       ------------------------------  -------------------------------- 
 2      Reason for the notification 
       ---------------------------------------------------------------- 
 a)     Position/status                 Group Managing Director 
       ------------------------------  -------------------------------- 
 b)     Initial notification            Initial notification 
         /Amendment 
       ------------------------------  -------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ---------------------------------------------------------------- 
 a)     Name                            CentralNic Group plc 
       ------------------------------  -------------------------------- 
 b)     LEI                             213800M4IINBWMXEKV82 
       ------------------------------  -------------------------------- 
 4      Details of the transaction(s): section to be repeated for 
         (i) each type of instrument; (ii) each type of transaction; 
         (iii) each date; and (iv) each place where transactions 
         have been conducted 
       ---------------------------------------------------------------- 
 a)     Description of the              Ordinary shares of GBP0.001 
         financial instrument, 
         type of instrument              GB00BCCW4X83 
         Identification code 
       ------------------------------  -------------------------------- 
 b)     Nature of the transaction       Exercise of share options 
       ------------------------------  -------------------------------- 
 c)     Price(s) and volume(s)            Price(s)   Volume(s) 
                                           0p         1,808,000 
                                            0p         293,151 
                                                     ---------- 
       ------------------------------  -------------------------------- 
 d)     Aggregated information 
         - Aggregated volume             N/A - single transaction 
         - Price 
       ------------------------------  -------------------------------- 
 e)     Date of the transaction          6 September 2021 
       ------------------------------  -------------------------------- 
 f)     Place of the transaction        London Stock Exchange, AIM 
       ------------------------------  -------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                     Kestrel Partners LLP 
     -----------------------  --------------------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------------- 
 a)   Position/status          PCA - Max Royde (non-executive director CentralNic 
                                Group plc) 
     -----------------------  --------------------------------------------------- 
 b)   Initial notification     Initial 
       /Amendment 
     -----------------------  --------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------- 
 a)   Name                     CentralNic Group plc 
     -----------------------  --------------------------------------------------- 
 b)   LEI                      213800WAVVOPS85N2205 
     -----------------------  --------------------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ---------------------------------------------------------------------------- 
 a)   Description              GBP0.001 Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument       ISIN: GB00BCCW4X83 
 
       Identification 
       code 
     -----------------------  --------------------------------------------------- 
 b)   Nature of the             Purchase and Transfer 
       transaction 
     -----------------------  --------------------------------------------------- 
 c)   Price(s) and              P urchase 
       volume(s)                 31 August 2021 
                                 Price(s)      Volume(s) 
       Transfer                               ---------------- 
                                 1.00          6,000 shares 
       Purchase                               ---------------- 
                                  Transfer 
                                   14 August 2021 
                                   Price(s)   Volume(s) 
                                             --------------- 
                                   N/A        157,323 shares 
                                             --------------- 
     -----------------------  --------------------------------------------------- 
 d)   Aggregated information 
       - Aggregated              Purchase Total 6,000 shares @ GBP 1.00 
       volume                    Transfer of 157,323 shares 
       - Price 
     -----------------------  --------------------------------------------------- 
 e)   Date of the              31 August 2021 (Purchase) & 14 August (Transfer) 
       transaction 
     -----------------------  --------------------------------------------------- 
 f)   Place of the             London 
       transaction 
     -----------------------  --------------------------------------------------- 
 
 
 1      Details of the person discharging managerial responsibilities 
         / person closely associated 
 a)     Name                                  Samuel Dayani (through his 
                                               interest in Erin Invest and 
                                               Finance Limited 
       ------------------------------------  ------------------------------- 
 2      Reason for the notification 
       --------------------------------------------------------------------- 
 a)     Position/status                       Non-executive Director 
       ------------------------------------  ------------------------------- 
 b)     Initial notification /Amendment       Initial notification 
       ------------------------------------  ------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       --------------------------------------------------------------------- 
 a)     Name                                  CentralNic Group Plc 
       ------------------------------------  ------------------------------- 
 b)     LEI                                   213800M4IINBWMXEKV82 
       ------------------------------------  ------------------------------- 
 4      Details of the transaction(s): section to be repeated 
         for (i) each type of instrument; (ii) each type of transaction; 
         (iii) each date; and (iv) each place where transactions 
         have been conducted 
       --------------------------------------------------------------------- 
 a)     Description of the financial          Ordinary shares of GBP0.001 
         instrument, type of instrument        p 
         Identification code 
       ------------------------------------  ------------------------------- 
 b)     Nature of the transaction             Sale of Ordinary Shares 
       ------------------------------------  ------------------------------- 
 c)     Price(s) and volume(s)                  Price(s)     Volume(s) 
                                                 103 pence    264,097 
                                                             ---------- 
       ------------------------------------  ------------------------------- 
 d)     Aggregated information 
         - Aggregated volume                   N/A 
         - Price 
       ------------------------------------  ------------------------------- 
 e)     Date of the transaction               2 September 2021 
       ------------------------------------  ------------------------------- 
 f)     Place of the transaction              London Stock Exchange, AIM 
       ------------------------------------  ------------------------------- 
 
 
 

-Ends-

For further information:

 
           CentralNic Group Plc 
           Ben Crawford, Chief Executive Officer                               +44 (0) 203 388 0600 
           Don Baladasan, Group Managing Director 
           Michael Riedl, Chief Financial Officer 
 
           Zeus Capital Limited - NOMAD and Joint 
            Broker 
           Nick Cowles / Jamie Peel (Corporate Finance)                        +44 (0) 161 831 1512 
           John Goold / Rupert Woolfenden (Institutional 
            Sales)                                                             +44 (0) 203 829 5000 
 
             Stifel - Joint Broker 
           Fred Walsh / Alex Price / Richard Short                             +44 (0) 20 7710 7600 
           SEC Newgate UK (for Media) 
           Bob Huxford / Tom Carnegie / Isabelle                               +44 (0) 203 757 6880 
            Smurfit                                                    centralnic@secnewgate.co .uk 
 

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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