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CentralNic Group plc

CentralNic Group plc Share Price Movement and Google Inc News

CentralNic Group plc (LON:CNIC), the internet platform business which derives revenues from the global sale of domain names, has announced today that it believes that the recent movement in the Company’s share price is related to media comment surrounding the recent announcement by Google to adopt the suffix .xyz for use by its new identity “Alphabet”, the principal website of which will be abc.xyz. CentralNic is the exclusive global wholesaler for .xyz, receiving a share of revenues for all .xyz domains registered.

The Board wishes to make it clear that although the recent announcement by Google Inc (NASDAQ:GOOGL) was very positive, the growing interest in .xyz was expected as awareness and usage of .xyz and CentralNic’s other new Top-Level Domains continues to expand. The Company continues to trade in line with market expectations for the current year to 31st December 2015.

CentralNic Group plc (CentralNic) is a United Kingdom-based holding company. The Company provides domain name registry, registrar and enterprise services. The Company operates through three divisions: registry services, which wholesales domains as a business-to-business supplier; registrar services, which retails domains directly to end users, and enterprise services, which sells domains to enterprise clients. The registry services (wholesale) business provides technical and operational services through its domain provision, billing and cash collection platform. The Company offer domain names for building Websites, e-mail, protect the brand or business name, capture online traffic and investment. Its platform supports three categories of domain extensions, including new generic Top-Level Domains (gTLDs), country code Top-Level Domains (ccTLDs) and Second Level Domain extensions (SLDs).