TIDMMMX

RNS Number : 2242I

Minds + Machines Group Limited

11 August 2021

For release at 07.00, 11 August 2021

Minds + Machines Group Limited

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

Completion of Sale of Assets to Registry Services, LLC (an affiliate of GoDaddy Inc.)

Minds + Machines Group Limited (AIM:MMX), the top-level domain ("TLD") registry company, is pleased to announce that it has completed the sale of its TLDs and related assets and transferred its rights and obligations under contracts relevant for the operation of the assets to Registry Services, LLC ("GoDaddy Registry"), an affiliate of GoDaddy Inc. , pursuant to the asset purchase agreement dated 7 April 2021 for proceeds as set out in the agreement.

As previously announced, beginning today and continuing until no later than 31 January 2022 , MMX will provide certain transition services to GoDaddy Registry (the "Transition Services"). The Transition Services are being provided to facilitate transition of the a ssets to GoDaddy Registry. GoDaddy Registry will reimburse MMX for the costs in providing the Transition Services, including the costs of relevant employees. For further details regarding the Transition Services please see the announcement of the Company dated 8 April 2021.

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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August 11, 2021 02:00 ET (06:00 GMT)

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