Minds + Machines Group Limited Regulatory Approval (8118G)
28 Julio 2021 - 11:06AM
UK Regulatory
TIDMMMX
RNS Number : 8118G
Minds + Machines Group Limited
28 July 2021
Minds + Machines Group Limited
("MMX", the "Company" or "Group")
ICANN Approval of Sale of Assets to Registry Services, LLC and
Extension of Longstop Date
Minds + Machines Group Limited (AIM:MMX), the top-level domain
("TLD") registry company, is pleased to announce that it has
received ICANN approval for the transfer of the majority of the
Company's 27 TLDs and related assets to Registry Services, LLC
("GoDaddy Registry"), an affiliate of GoDaddy Inc., pursuant to the
asset purchase agreement dated 7 April 2021 (the "Asset Purchase
Agreement"). The Company and GoDaddy Registry continue to work with
ICANN and MMX government partners to obtain the necessary consents
to transfer the remaining TLDs and related assets. All other
conditions precedent for the transfer of these TLDs have been
completed. MMX expects to complete the material procedural
processes within the next two weeks; therefore, MMX and GoDaddy
agreed to extend the longstop date from 7 August 2021 to 23 August
2021.
Tony Farrow, CEO of MMX, commented:
"The Board is delighted to have reached this stage in the sale
of MMX's assets to GoDaddy Registry and thanks its commercial and
government partners and ICANN for their support in approving this
transaction. We look forward to completion of the transfer of our
assets to GoDaddy Registry."
For further information:
Minds + Machines Group Limited
Tony Farrow (CEO) via Belvedere Communications
Bryan Disher (CFO) Limited
finnCap Ltd Tel: 020 7220 0500
Corporate finance - Stuart Andrews / Carl
Holmes / Simon Hicks
Corporate broking - Tim Redfern / Richard
Chambers
Belvedere Communications Limited Tel: +44 (0) 20 3687
John West 2756
Llew Angus
For further information, please go to www.mmx.co
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.
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END
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(END) Dow Jones Newswires
July 28, 2021 12:06 ET (16:06 GMT)
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