CentralNic to buy another £4 million of shares


Company continues to return capital to shareholders instead of investing all of it into new acquisitions.

CentralNic (London AIM: CNIC) announced another share buyback today.

The buyback is the second buyback the company has initiated, with its first buyback of equal size occurring at the end of last year.

CentralNic is giving itself until August 14 to complete the buyback. But if the last buyback is any indication, it will be completed much sooner than that.

For reference, CentralNic’s current market cap is about £327 million.

The buyback is part of the company’s decision to return more cash to investors rather than continue to invest it into acquisitions. The company will pay its first-ever dividend of £0.01 in June.


Please enter your comment!
Please enter your name here

Share post:




We don’t spam! Read our privacy policy for more info.


More like this

2020 Q2 report: domains increase by 3.3 million (up 0.9%)

VeriSign, Inc. (NASDAQ: VRSN) today announced that the second...

Universities CEOs Attended the Most

Having a good education is one of the first...

Live domain auction grosses $2.2 million

Seven figure sale of holiday.com highlights auction. Last week’s Right...

Mike Mann with Alex Pires and Krista Gable (video)

Mike Mann with Alex Pires and Krista Gable (video)