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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