# CentralNic Group PLC Premium Domain Name Sales

- Link: https://www.directorstalkinterviews.com/centralnic-group-plc-premium-domain-name-sales/412739387
- Published: 2017-11-07T07:20:15+00:00
- Author: Giles Arbor

**CentralNic Group plc**, ([LON:CNIC](https://www.directorstalkinterviews.com/company/centralnic-group-plc/cnic.l)),
the global software platform company supporting subscription web services including
domain names, has today announced that it has entered into an agreement to sell 
a number of premium domain names, under which it will receive consideration of US
$ 3.4 million.

Under the premium domain sales agreement, entered into on 6th November 2017, CentralNic
will receive US$ 3.4 million consideration in cash, the proceeds of which will be
utilised to further accelerate growth within the Group.

> **CentralNic Group CEO Ben Crawford said:** “Management’s primary focus remains
> on growing CentralNic’s recurring revenue base and, therefore, premium domain 
> name sales are expected to continue the trend of contibuting a decreasing proportion
> of the Group’s revenues from 2018.”

CentralNic is a London-based AIM-listed company which develops and manages software
platforms allowing businesses globally to use the internet for their own websites
and email, as well as protecting their brands online. Its core growth strategy is
identifying and acquiring cash-generative businesses with annuity revenue streams
and exposure to emerging markets, and migrating them onto the CentralNic software
and operating platforms. The company operates globally with customers in over 200
countries. It earns revenues from the worldwide sales of internet domain names and
hosting on an annual subscription basis.

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