CentralNic Group plc, (AIM:CNIC), the global software platform company supporting subscription web services including domain names, this morning 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 6(th) 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 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.”