IDN Forums - Internationalized Domain Names  
Home | idntools | Advertise on idnforums | Premium Membership

Go Back   IDN Forums - Internationalized Domain Names > Internationalized Domain Names > Internationalized Domain Name News

Internationalized Domain Name News Recent IDN related News

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 26th November 2010, 09:23 AM
Junior Member
 
Join Date: Nov 2010
Location: Hong Kong
Posts: 27
iTrader: (0)
Rep Power: 301
todaynow is an unknown quantity at this point
Send a message via AIM to todaynow Send a message via MSN to todaynow Send a message via Skype™ to todaynow
Talking Top Level Domain Holdings to Capitalise on ICANN's Introduction of New gTLD

Top Level Domain Holdings plans to raise about £3m via a placing at 6.5p a share to take advantage of the introduction of new generic Top Level Domains, the board of the company has announced.

The company said it was excited about prospects now that ICANN had approved the timeline for the introduction of new gTLDs in 2011.



The company said it intends to raise approximately £3 million by way of a market placing of new ordinary shares of no par value (“Ordinary Shares”) with existing and new shareholders at an indicative placing price of 6.5p per new Ordinary Share (the “Placing Shares”).

The net proceeds of the proposed placing will be used, in conjunction with the Company’s existing cash balances of approximately US$5.5 million (equivalent to approximately £3.4 million at current exchange rates), to develop further the Company’s portfolio of prospective top-level domain projects ahead of the gTLD application process in Spring 2011 and provide additional working capital for the Company. The Placing Shares will rank pari passu with the existing Ordinary Shares.

The net placing proceeds will be used together with the company's cash balances of around $5.5m to develop its portfolio of prospective top-level domain projects ahead of the gTLD application process in spring 2011.

CEO Antony Van Couverin said, "Having reviewed ICANN's Final Proposed Applicant Guidebook, and in view of the ICANN Board's historic decision to do away with cross-ownership restrictions between registries and registrars, we believe that the timing is right for additional investment by TLDH.

"ICANN's registry-registrar decision means that additional gTLD business models are now viable, and we have already seen a marked increase in interest from prospective new clients. We intend to make sure we have the resources to take advantage of this opportunity."



Source from Domain Name News



www.todayisp.com

Todaynic.com International Limited

ICANN CNNIC HKDNR Accredited Registrar
Reply With Quote
  #2 (permalink)  
Old 26th November 2010, 06:11 PM
Drewbert's Avatar
Administrator
 
Join Date: Feb 2006
Posts: 6,091
iTrader: (20)
Rep Power: 0
Drewbert is a tad dodgyDrewbert is a tad dodgyDrewbert is a tad dodgyDrewbert is a tad dodgyDrewbert is a tad dodgyDrewbert is a tad dodgyDrewbert is a tad dodgy
Re: Top Level Domain Holdings to Capitalise on ICANN's Introduction of New gTLD

Greed will destroy any chance of mass success of new gTLD's.
__________________
It's all jaded style to me.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT. The time now is 05:35 PM.

Site Sponsors
Your ad here
buy idns
domain name lawyer
buy t-shirt
מחיר הזהב

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.3.0
Copyright idnforums.com 2005

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54