CentralNic updates on acquisitions of Zeropark and Voluum businesses

CentralNic Group plc (LON:CNIC), the global internet platform that derives revenue from the worldwide sales of internet domain names and related services, has provided an update in relation to its acquisition of the Zeropark and Voluum businesses including all material trade and assets pertaining thereto.

Further to the announcement dated 10 September 2020, completion of the Acquisition is subject to a number of pre-condition actions having either been carried out or waived by the Company such as, inter alia, a pre-completion restructuring of Codewise and the Company procuring finance to fund the Acquisition.

The Company is pleased to announce that the Acquisition Conditions have been satisfied or waived and substituted with adequate or better completion deliverables and as such the completion of the Acquisition is now unconditional and shall take place with an effective date of 31 October 2020.

In consequence, as further announced on 11 September 2020, the consideration for the Acquisition is being funded via a placing of 40,000,000 new ordinary shares at a placing price of £0.75 per share to raise £30 million and it is expected that the Placing Shares will be admitted to trading on AIM on 8:00 a.m. on 30 September 2020.  The net proceeds of the Placing will be utilised solely by the Company to fund the payment of the consideration for the Acquisition and associated deal costs.

Commenting, Ben Crawford CEO of CentralNic, said: “The swift completion of the Acquisition Conditions augurs well for the future collaboration with the enlarged team.  We look forward to formally completing so that we can commence executing our integration strategy and begin to offer Codewise’s products and services to our new and existing customers.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
CentralNic

More articles like this

CentralNic Group plc

CentralNic at Nordic Domain Days

Nordic Domain Days brings the domain name industry together! This event is where Registries, registrars, resellers, service providers, and investors network and share insights during a packed two-day conference. Focused on the face to face interaction

CentralNic Group plc

How does your choice of domain name affect SEO

Whether you’re a small start-up or an international organization, SEO has a huge impact on many aspects of your marketing, including: Brand awareness Website traffic Credibility This is barely touching the surface, though, as SEO directly and indirectly

CentralNic Group plc

CentralNic 2022 results “the most outstanding year to date”

CentralNic Group plc (LON:CNIC), the global internet platform which helps online consumers make informed choices, has announced that, further to its announcement on 27 February 2023 titled “UNAUDITED PRELIMINARY ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022”, the Audited Annual report for

CentralNic Group plc

6 domain name trends for 2023

As we move further into the digital age, the importance of having a domain name for your business cannot be overstated. It’s the digital equivalent of a brick-and-mortar storefront, where customers can find you and interact with

CentralNic

CentralNic Group — Clarifying the narrative

CentralNic is a UK software company, operating globally through its two businesses, Online Presence and Online Marketing. Through a series of acquisitions, Online Marketing has become the group’s primary driver, delivering high double-digit revenue and profit

CentralNic

The supremacy of biases in AI

2022 might be remembered as the year that generative AI blasted on the scene, causing major waves in the digital community. With the onset of any new game-changing tech, in this case, the extremely powerful algorithms

CentralNic

CentralNic achieves surge in yearly revenue and profit

CentralNic plc proposed a final dividend of 1.0p per share for 2022, after significant increases in revenue and profit. CentralNic is London-based internet services holding company that develops and manages online marketplaces, allowing businesses to buy

CentralNic

CentralNic achieves record revenue and profit in 2022

CentralNic Group Plc (LON:CNIC), the global internet company that derives recurring revenue from privacy-safe, AI based customer journeys that help online consumers make informed choices as well as from the distribution of domain names, has announced its unaudited preliminary

CentralNic

What is a domain name and why you need to buy one

Put simply, a domain name is the mechanism that helps identify and locate computers and resources connected to the Internet and while there are free domain names, you usually have to purchase them through domain registrars. One