CentralNic Group Plc (LON:CNIC), the internet platform that derives revenue from the worldwide sales of internet domain names and associated web presence services, has today announced that, further to the announcement released on 16 July 2018, the acquisition of KeyDrive S.A. and associated placing of 46,153,847 new ordinary shares of £0.001 each to raise approximately £24 million, are now complete. The Company has also issued 28,006,607 new ordinary shares of £0.001 each as part of the acquisition of KeyDrive, and these shares have now been admitted to trading on AIM.
The Company confirms that as at 2 August 2018, following the issue of the Placing Shares and Consideration Shares referred to above, the Company now has 170,652,802 ordinary shares of £0.001 each in issue, with one voting right each. The Company does not hold any shares in treasury. The number of ordinary shares with voting rights is therefore 170,652,802. Accordingly, these figures may be used by shareholders as a denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company, under the FCA’s Disclosure Guidance and Transparency Rules.
Ben Crawford, CentralNic Group CEO, said: “CentralNic and KeyDrive have been successfully combined to become a leading player in the internet domain name and web services industry and the Company continues to rank globally in the top five Registry service providers and number eleven amongst the Registrars who retail such domains, as well as being the exclusive distributor of .xyz, widely regarded as the .com of emerging markets.”
“The transaction is a milestone in the Company’s history as it cements CentralNic’s position as a consolidator in the market to rival its competitors, including large and influential US players.”
“The Company is very grateful for the support shown by both existing and new shareholders since its IPO on AIM in 2013. We are also delighted to have numerous new institutional investors joining our shareholder list through the placing, and a number of our existing institutional shareholders have made further investments to facilitate this exciting acquisition.”
The Company also announced that certain directors of both CentralNic and KeyDrive have either participated in the placing, received ordinary shares in the Company in consideration for their interest in KeyDrive or received ordinary shares in satisfaction of other obligations owed to them by KeyDrive. In aggregate 29,277,011 ordinary shares have been allotted to the persons below at a price of 52 pence per ordinary share as set out below:
|
|
As at the date of the Admission Document |
On Admission |
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|
Number of Ordinary Shares |
Percentage of Existing Ordinary Shares |
Number of Ordinary Shares |
Percentage of Enlarged Share Capital |
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|
Name |
Title |
|
|
|
|
|
Iain McDonald |
Non-Executive Director |
11,500 |
0.01% |
107,653 |
0.09% |
|
Don Baladasan |
Chief Financial Officer |
72,917 |
0.08% |
159,455 |
0.06% |
|
Alex Siffrin |
Group Chief Operating Officer |
0 |
0.00% |
28,006,607 |
16.4% |
|
Michael Riedl |
Chief Financial Officer of KeyDrive |
0 |
0.00% |
1,087,713 |
0.63% |
