CentralNic Group PLC Acquisition Announcement (3437Z)
14 Septiembre 2022 - 01:01AM
UK Regulatory
TIDMCNIC
RNS Number : 3437Z
CentralNic Group PLC
14 September 2022
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR. Upon the
publication of this announcement via the regulatory information
service, this inside information is now considered to be in the
public domain.
14 September 2022
CentralNic Group plc
("CentralNic" or "the Company" or "the Group")
Acquisition Announcement
CentralNic Group Plc (AIM: CNIC), the global internet platform
that derives recurring revenue from marketplaces for online
presence and online marketing service s, is pleased to announce
that it has entered into an agreement to acquire M.A Aporia Ltd.
("Aporia") for an initial consideration of USD 11.2m in cash
subject to customary adjustments for net cash and working capital
("Acquisition") from Aporia's founders.
Aporia is a technology company operating in the fields of social
media and native advertising. In 2021(1) , Aporia generated revenue
of USD 35m, gross profit of USD 3.5m and EBITDA USD 2m. The
Acquisition is part of a larger vertical integration strategy,
providing the Group's Online Marketing segment with more direct
access to high quality traffic to monetise.
The acquisition will be immediately earnings accretive. As
Aporia is an exclusive supplier to CentralNic, the transaction will
increase CentralNic's gross margin and EBITDA margin but have no
immediate impact on revenue. Under the terms of the agreement, the
sellers of Aporia may earn up to another USD 7.8m payable over a
performance period until and including 2024.
Ben Crawford, CEO of CentralNic, said "Disintermediating the
value chain holds enormous potential to create a more efficient
ecosystem in CentralNic's Online Marketing business, removing
transaction costs and friction losses. This acquisition represents
a major step forward in our disintermediation strategy, creating
more value for CentralNic, as well as for the users of our customer
acquisition and traffic monetization services."
(1) Financial information relating to Aporia is based upon
audited annual accounts.
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 / 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 centralnic@secnewgate.co.uk
Richardson
About CentralNic Group plc
CentralNic (AIM: CNIC) is a London-based AIM-quoted company
which drives the growth of the global digital economy by developing
and managing software platforms 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.
CentralNic operates globally with customers in almost every
country in the world. It earns recurring revenues from the
worldwide sales of internet domain names and other services on an
annual subscription basis. For more information please visit:
www.centralnicgroup.com
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