Home / Industry

TLDH to Realise US$4.81 Million in Cash From .website and .lawyer Private Auctions

Following the private auctions for .website and .lawyer, which concluded late on 23 October 2013, Top Level Domain Holdings (AIM:TLDH) will add £2.97 million (US$4.81 million) to its cash reserves. The amount includes proceeds from the two private auctions, net of commissions payable to the auctioneer, and refunds due from ICANN in relation to each of the two applications.

Separately, the directors are pleased to report that the first four gTLDs under ICANN's New gTLD Program have now been delegated into the Internet's Root Zone. As expected, the first four gTLDs to be delegated by ICANN are in non Roman scripts — شبكة. (Arabic for "web/network"),.онлайн (Cyrillic for "online"), .сайт (Cyrillic for "site") and .游戏 (Chinese for "game(s)").

Following the receipt of cash from the latest round of private auctions, the Company will have cash reserves of £10.1 million — as well as access to up to a further US$15 million to compete in a single auction. The reserves will allow the Company to continue growing its portfolio of uncontested applications and move its portfolio to launch. TLDH's portfolio of uncontested applications in which it has interests remains at 25, 17 of which it wholly owns.

Fred Krueger, Chairman of TLDH, said: "We are delighted with the result of the latest private auction rounds. Our strategy remains to best monetise those applications where we see least value so that we can maximise our ability to acquire those names in which we see greatest value. We very much look forward to competing in the next private auction rounds. We are additionally delighted with the speed with which the first four gTLDs have moved from contract signing to delegation. This is a momentous point in the Internet's development and means there is a strong probability that our portfolio will move to cash generative positions within the time-frames previously indicated."

About Minds + Machines

Minds + Machines

Minds + Machines provides registry services for new top-level domains. (Learn More)

Related topics: ICANN, Top-Level Domains

WEEKLY WRAP — Get CircleID's Weekly Summary Report by Email:

Related Blogs

Related News

Topics

Industry Updates – Sponsored Posts

.Host Announces Top Global Players As Pioneer Partners

Public Interest Registry Releases Bi-Annual Report, .Org Domain Registrations Pass 10.4 Million

Public Interest Registry to Speak About Upcoming Launch of .ngo and .ong Domains for NPOs

Landrush Opens for .Website, .Press and .Host

Afilias Announces General Availability of .BLACK Top-Level Domain

Last Lap of .WEBSITE, .PRESS and .HOST Sunrise

DotConnectAfrica Trust Responds to ICANN 50 GAC Advice, Updates on .Africa Application IRP Status

New .ORGANIC Domain Sunrise Begins, Creating Verified Space 
for Organic Products and Services

Non-English "IDN Email" Addresses Are Finally Working!

TLD Registry to Speak at Inaugural World Domain Day India

Independent Endorsement of Dot Chinese Online & Dot Chinese Website

ICANN London Recap Webinar

Four Reasons to Move from .COM to Your .BRAND Domain

Neustar to Launch usTLD Stakeholder Council

Introducing the New .ORGANIC Domain: A Trusted, Credible Space for Organic Products on the Web

.WANG - 15,000 Registrations on Day One of General Availability

Dot Brand: Why Your Brand Needs Its Own Top-Level Domain

Afilias Announces Start of .BLACK Sunrise Period

Radix Launches Three New TLDs in Sunrise With Backing from 50+ Registrar Partners

.WANG General Availability Opens on June 30, 2014

Sponsored Topics