TIDMCNIC

RNS Number : 6464U

CentralNic Group PLC

06 December 2021

6 December 2021

CentralNic Group plc

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

Acquisition Announcement

CentralNic Group plc (AIM: CNIC), the global internet company that derives revenue from the sales of online presence and marketing services, is pleased to announce that it has acquired the domain name and brand protection business trading as NameAction in an asset deal for a consideration of c.$1 million in cash from NameAction Inc.

The NameAction business is expected to contribute c.$2 million in annual recurring revenues and c.$0.2 million in Adjusted EBITDA to the Online Presence segment from 2022.

Ben Crawford, CEO of CentralNic, said "While this acquisition is relatively small, it will be immediately earnings accretive and of strategic importance. NameAction is one of the best-known brands in the Latin American domain name industry, and their experienced staff represent an ideal team of experts to form a base for CentralNic's expansion in the region, across our many products and channels."

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 (Corporate 
  Finance) 
  Rupert Woolfenden (Institutional       +44 (0) 161 831 1512 
  Sales)                                  +44 (0) 203 829 5000 
                                        ------------------------------ 
 Stifel (Joint Broker) 
  Fred Walsh / Alex Price / Richard 
  Short                                    +44 (0) 20 7710 7600 
                                        ------------------------------ 
 Newgate Communications (for 
  Media)                                   +44 (0) 203 757 6880 
  Bob Huxford / Tom Carnegie /             centralnic@newgatecomms.com 
  Isabelle Smurfit 
                                        ------------------------------ 
 

About CentralNic Group plc

CentralNic (AIM: CNIC) is a London-based AIM-listed company which drives the growth of the global digital economy by providing businesses around the world with tools to build their online presence and to win customers and earn revenues online. The Company complements its organic growth with target acquisitions of 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 online presence and online marketing services on a subscription or pay per use basis. For more information please visit: www.centralnicgroup.com

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December 06, 2021 02:00 ET (07:00 GMT)

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