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All-cash offer price increased by 55%

Provides certain, immediate and substantial value to Webcentral shareholders

JACKSONVILLE, Fla., Sept. 15, 2020 (GLOBE NEWSWIRE) — Group, a leading web technology company helping millions of customers around the globe thrive in a connected world, is pleased to announce that it has submitted an improved offer to acquire Webcentral Group (ASX: WCG), a leading provider of digital services for small and medium Australian businesses, for A$0.155 per share in cash (“Improved Proposal”).

Significantly Improved Value Group has significantly increased the value of its cash proposal by 55% to A$0.155 per Webcentral share, which represents compelling certain value for Webcentral shareholders at a time of ongoing market volatility:

  • Significant premium: The Improved Proposal represents a 142% premium to Webcentral’s undisturbed closing share price on July 10, 2020, and exceeds the implied value of any other public proposal for Webcentral (based on trading prices over a three-month period up to and including September 14, 2020, as well as closing prices on that date).
  • Cash certainty: The Improved Proposal is the only certain cash proposal for Webcentral shares, and offers short-term liquidity and a certain cash outcome for all Webcentral shareholders.
  • Timing: The Improved Proposal would remain on track to be implemented by October 12, 2020.  It is not dependent on a financing condition.

The transaction underscores Group and Webcentral’s shared commitment to providing market-leading web technology solutions to customers globally and builds on Group’s strategic growth objective to increase its footprint in the Australian, New Zealand and Southeast Asian markets, following its acquisition of leading web solutions provider Dreamscape Networks in 2019.

Sharon Rowlands, CEO and President of Group, said, “Our increased, all-cash offer to acquire Webcentral provides short-term, certain and substantial value to Webcentral shareholders. As a leading global web technology company, Web will support Webcentral customers through its innovative web presence solution portfolio and commitment to customer service.”

Matching Right Process

The Improved Proposal has been submitted to Webcentral in accordance with the “matching right” process under the Scheme Implementation Deed between Group and Webcentral dated July 12, 2020.  If the Webcentral Board acting reasonably and in good faith considers that the Improved Proposal would provide an equivalent or superior outcome for Webcentral shareholders as a whole, Webcentral must use its best endeavours to recommend and implement the Improved Proposal.

Gilbert + Tobin is acting as legal adviser to Group.

About Group Group is a leading web technology company serving millions of customers around the world. Through our portfolio of brands – CrazyDomains, Network Solutions,, Sitebeat, Vodien and – we help customers of all sizes build an online presence that delivers results. Web has the breadth of capabilities and depth of knowledge to be your go-to partner in today’s always-on digital world. With our extensive product offerings and personalized support, we take pride in partnering with our customers to service their online presence needs. Learn more at

About Siris

Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions. Siris’ development of proprietary research to identify opportunities and its extensive collaboration with its Executive Partners are integral to its approach. Siris’ Executive Partners are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Siris is based in New York and Silicon Valley and has raised nearly $6 billion in cumulative capital commitments.


Citadel Magnus for Group:
Helen McCombie
[email protected]

Finn Partners for Group:
Ricca Silverio
[email protected]  

Abernathy MacGregor for Siris:
Dana Gorman
[email protected]

Blair Hennessy
[email protected]

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