Notice of General Meeting
04/09/2023 07:01
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RNS Number : 2021L CentralNic Group PLC 04 September 2023
4 September 2023
CentralNic Group plc
("CentralNic" or the "Company")
Notice of General Meeting
CentralNic Group plc (trading as Team Internet (AIM: CNIC)), the global
internet company generating recurring revenue from privacy-safe, AI based
customer journeys that help online consumers make informed choices, announces
that on 28 September 2023 it will hold a General Meeting ("GM") at 10.30 BST
at the Company's registered address, 4(th) Floor, Saddlers House, 44 Gutter
Lane, London, EC2V 6BR, for the purpose of considering and, if thought fit,
passing the following resolutions:
Special Resolutions:
1. THAT, the Company's name be changed from 'CentralNic Group Plc' to
'Team Internet Group Plc' with immediate effect.
2. THAT, the Company's share premium account of USD 98,529,000 be
cancelled and is hereby cancelled.
The proposed change in name reflects our continued commitment to growth,
innovation, and our dedication to providing exceptional products to our
customers and partners.
The cancellation of the share premium account will enable the Company to
increase its distributable reserves to facilitate making future distributions
to its shareholders, including the payment of dividends.
The Notice of General Meeting will shortly be available on the Company's new
website at: https://teaminternet.com/constitutional-documents-and-circulars/
(https://teaminternet.com/constitutional-documents-and-circulars/)
The Company is offering facilities for shareholders to attend by conference
call to ask questions in real time should they wish to do so.
Shareholders will be able to follow the proceeding of the GM over the online
Investor Meet Company platform by registering in advance via the following
link:
https://www.investormeetcompany.com/centralnic-group-plc/register-investor
(https://www.investormeetcompany.com/centralnic-group-plc/register-investor)
Shareholders who already follow CENTRALNIC GROUP PLC on the Investor Meet
Company platform will automatically be invited.
Shareholders are invited to submit any questions in respect of the meeting for
the Board to consider. Questions may be submitted in advance up until 09:00
BST the day before the meeting or during the meeting over the Investor Meet
Company platform following registration, and the Board will aim to respond to
any such questions relevant to the business of the meeting.
Shareholders taking part via the Investor Meet Company platform will not be
able to speak or vote on the GM resolutions. Shareholders are therefore
strongly encouraged to exercise their voting rights by completing and
submitting a Form of Proxy. It is highly recommended that Shareholders submit
their Form of Proxy as early as possible to ensure that their votes are
counted at the GM.
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 / Tom Carnegie teaminternet@secnewgate.co.uk
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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