TIDMCNIC

RNS Number : 4060Z

CentralNic Group PLC

14 September 2022

14 September 2022

CentralNic Group plc

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

Board Changes

CentralNic Group plc (AIM: CNIC), the global internet platform that derives recurring revenue from operating marketplaces for online presence and online marketing services, announces the appointment to its board of Claire MacLellan ("Claire") as a Non-executive Director with immediate effect. Claire replaces Tom Pridmore who steps down from the board today.

Claire recently stepped down after 6 years from the position of Chief Growth Officer & President of Future US at Future plc, a FTSE 250 media company that publishes and monetises over 250 media brands. Claire has played a key executive leadership role in the transformation of Future plc where she helped build and executed its fast-growth, diversification strategy, taking adjusted operating profits from a six-figure sum to over $250 million in four years, while growing its global audience from 30 million to over 430 million.

Claire has also played a central role in Future plc's M&A strategy, involving many acquisitions, including that of GoCompare in 2021 for a consideration of almost $800 million. Prior to Future plc, Claire was at Fitness First Group for 11 years, holding a number of roles including being responsible for the design and delivery of the group strategy, M&A, international franchising, and entry into new markets.

Tom Pridmore has been a Non-Executive Director of CentralNic since its IPO in 2013 when annual revenues were just $4 million. Since this time, he has helped turn CentralNic into a global business with revenues for the first six months of 2022 of $335 million. The Board would like to thank Tom for his support and wish him every success going forward.

Ben Crawford, CEO of CentralNic commented: "We are delighted to welcome Claire to our board. She has a wealth of experience in growing a public company similar to CentralNic both organically and inorganically. Claire ' s skillset is an ideal fit with CentralNic ' s strategic ambitions and we look forward to her contributions to our Board."

Iain MacDonald, Chairman of CentralNic said: " It is a source of great regret that Tom Pridmore is leaving our board after 9 years with us since the IPO. I and the other board members have enjoyed working with him immensely, and his wise counsel has been invaluable. We wish him continued success with the growth of his business. "

The following information is provided in accordance with Schedule Two (g) of the AIM Rules for Companies

Claire Rozalia MacLellan (aged 44) has held within the past five years the following Directorships or Partnerships:

 
 Directorships or Partnerships within 
  the last five years 
 Future US, Inc. 
 Purch Group LLC

Claire holds no shares in the Company.

There is no further information to be disclosed pursuant to Schedule Two (g) of the AIM Rules for Companies.

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 software platforms allowing businesses globally to buy subscriptions to domain names, used for their own websites and email, as well as for protecting their brands online. These platforms can also be used for distributing domain name related software and services, an opportunity that contributes significantly to CentralNic's organic growth. The Company's inorganic 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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END

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September 14, 2022 02:02 ET (06:02 GMT)

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