CentralNic Group plc (LON:CNIC), the global internet platform that derives revenue from the subscription sales of domain names and web services, has announced that the bondholder meeting held on 29 January 2021 has approved the amendment to the bond terms disclosed in our announcement on 15 January 2021. As a result, Pareto Securities has been mandated to arrange a series of fixed income institutional investor meetings starting the week commencing Monday 8 February 2021, to issue a tranche of bonds with a volume of approximately EUR 15m (USD 18m). Any debt raised will be used for consideration for the acquisition of near-term identified targets.
The group 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. 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.
CentralNic Group 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.
