CentralNic Group PLC Acquisition Announcement (0804K)
19 Diciembre 2022 - 1:00AM
UK Regulatory
TIDMCNIC
RNS Number : 0804K
CentralNic Group PLC
19 December 2022
19 December 2022
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 portfolio of revenue generating niche
websites ("Publishing Network") for a consideration of USD 5.2m in
cash and assumed working capital liabilities ("Acquisition") in an
asset deal from multiple sellers. The Acquisition is expected to
complete immediately 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 1.9m in annualised revenue and USD 1.4m in annualised EBITDA
post-acquisition. As CentralNic is already today monetising a part
of the websites' traffic, this is expected to translate into c.USD
1.2m of additional revenue, c.USD 0.5m of reduced COGS and c.USD
1.4m of EBITDA as of financial year 2023. The Acquisition is part
of a vertical integration strategy, providing the Group's Online
Marketing segment with proprietary, exclusive special interest
traffic to monetise.
As the company articulated in its RNS on 12 December 2022, it is
intended that in the future, the emphasis of cashflow generated
will be a more balanced approach of returns to shareholders,
deleverage and complementary bolt-on acquisitions.
Michael Riedl, 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 direct navigation traffic, augment margins
for our fast-growing Online Marketing business and generate
attractive cashflow returns."
For further information:
CentralNic Group Plc
Michael Riedl, Chief Executive Officer
Don Baladasan, Group Managing Director +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 / Harry centralnic@secnewgate.co.uk
Handyside
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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