CentralNic Group PLC KeyDrive SA Final Add. Consideration Determined (7771S)
18 Julio 2022 - 1:02AM
UK Regulatory
TIDMCNIC
RNS Number : 7771S
CentralNic Group PLC
18 July 2022
18 July 2022
CentralNic Group plc
("CentralNic" or the "Company", or the "Group")
KeyDrive SA Final Additional Consideration Determined
CentralNic Group plc (AIM: CNIC), the global internet platform
company that derives recurring revenues selling online presence and
marketing services, is pleased to announce that the additional
consideration payment for the acquisition of KeyDrive SA has been
determined to be USD 1,138,400. The consideration will be settled
in cash. Inter.services, the majority seller of KeyDrive, has
agreed to not sell any CentralNic shares for the next 180 days.
CentralNic has no further financial obligations under the SPA.
Ben Crawford, CEO of CentralNic, said : "The acquisition of
KeyDrive has been a catalyst for the accelerated expansion of the
CentralNic Group and forms the core of our Online Presence
segment."
-Ends-
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 (NOMAD and Joint Broker)
Nick Cowles / Jamie Peel / James Edis
(Investment Banking) +44 (0) 161 831 1512
Dominic King (Corporate Broking) +44 (0) 203 829 5000
Berenberg (Joint Broker)
Mark Whitmore / Richard Andrews / Alix
Mecklenburg-Solodkoff +44 (0) 20 3207 7800
SEC Newgate (for Media) +44 (0) 203 757 6880
Bob Huxford / Isabelle Smurfit/ Max Richardson 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 developing
and managing online marketplaces allowing businesses globally to
buy subscriptions to domain names for websites and email, monetise
their websites, and acquire customers online. Its core growth
strategy is identifying and acquiring 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.
For more information please visit: www.centralnicgroup.com
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END
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