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) Dow Jones Newswires

July 18, 2022 02:02 ET (06:02 GMT)

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