CentralNic Group PLC CentralNic Group rebrands as Team Internet Group (2018L)
September 04 2023 - 1:00AM
UK Regulatory
TIDMTIG
RNS Number : 2018L
CentralNic Group PLC
04 September 2023
4 September 2023
CentralNic Group plc
("CentralNic" or the "Company")
CentralNic Group rebrands as Team Internet Group
CentralNic Group plc (AIM: CNIC), the global internet company
generating recurring revenue from privacy-safe, AI-based customer
journeys that help online consumers make informed choices,
is delighted to announce its rebranding as "Team Internet
Group". Further, effective from 5 September 2023, the Company
's shares will be trading under the ticker "TIG". Its ISIN
will remain unchanged.
Recognising our transformative evolution, the name 'Team Internet'
aligns closely with our foundational ethos. The Group is now
built upon distinct pillars - each an authority in its domain
- which collectively function as one cohesive 'Team'. Our
shared passion for shaping the future of the 'Internet' unifies
us. CentralNic's metamorphosis into a highly profitable digital
marketing technology platform business was catalysed by the
acquisition of Team Internet AG in 2019. The revered CentralNic
brand will continue as the overarching brand for the Group's
Online Presence businesses.
This rebranding will not alter our business operations or
financial framework. To legally amend the Company's name,
shareholder approval is required at a General Meeting, details
of which will be communicated separately.
As September celebrates the 10th anniversary of our IPO, we
mark this milestone and our journey as a publicly traded entity
through both our rebranding and a Capital Market Day event
at the London Stock Exchange at 9.30am BST today.
Michael Riedl, CEO, remarked: "Our t ier-one businesses,
cutting-edge technologies, and the boundless potential of
our team will continue to fuel the Company's growth, which
has seen its revenues increase from $4m at the time of IPO
in 2013, to $728m in FY 2022.
With our refreshed identity, we remain anchored in our core
values. We act like owners, deeply committed to our collective
mission and vision. Our courage to consistently do the right
thing, even when faced with challenges, sets us apart. Our
mindset has always been about working smart, crafting solutions
and innovations that we take pride in. And as we progress
under the 'Team Internet' banner, our shared purpose becomes
even more pronounced, reinforcing that in unity, we will succeed."
From 9am BST today, interested parties can learn more about
the rebranding at teaminternet.com
For further information:
CentralNic Group plc (trading
as Team Internet) +44 (0) 203 388 0600
Michael Riedl, Chief Executive Officer
William Green, Chief Financial Officer
Zeus (NOMAD and Joint Broker)
Nick Cowles / Jamie Peel / James Edis
(Investment Banking) +44 (0) 161 831 1512
Dominic King (Corporate Broking) +44 (0) 203 829 5000
Berenberg (Joint Broker) +44 (0) 203 207 7800
Mark Whitmore / Richard Andrews /
Alix Mecklenburg-Solodkoff
SEC Newgate (for Media) +44 (0) 203 757 6880
Bob Huxford / Alice Cho / Harry Handyside teaminternet@secnewgate.co.uk
/ Tom Carnegie
About CentralNic Group Plc
CentralNic (trading as Team Internet (AIM: CNIC)) creates
meaningful and successful connections from businesses to domains,
brands to consumers, publishers to advertisers, enabling everyone
to realise their digital ambitions. The Company is a leading
global internet solutions company that operates in two highly
attractive markets: high-growth digital advertising (Online
Marketing segment) and domain name management solutions (Online
Presence segment). The Company's Online Marketing segment
creates privacy-safe and AI-generated online consumer journeys
that convert general interest online media users into confident
high conviction consumers through advertorial and review websites.
The Online Presence segment is a critical constituent of the
global online presence and productivity tool ecosystem, where
the Company serves as the primary distribution channel for
a wide range of digital products. The Company's high-quality
earnings come from subscription recurring revenues in the
Online Presence segment and revenue share on rolling utility-style
contracts in the Online Marketing segment.
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