Top Level Domain Holdings has announced following private auctions last week they secured the uncontested application rights for .wedding but lost out on .green.
The net cost to TLDH for securing the sole application status for .wedding was approximately $2.23 million (circa £1.39 million), once the proceeds of the .green private auction are taken into account. The above figure includes the rebate that TLDH will receive from ICANN for withdrawing its application for .green and commissions payable to the auctioneer.
“The latest private auction rounds have once again delivered an excellent result allowing us to add a key string to our portfolio without unduly impacting our cash reserves,” said Fred Krueger, Chairman of TLDH. “We likewise are pleased with the progress being made in transitioning the Group into an operating business trading under the brand of our registry and registrar services, Minds + Machines.”
TLDH now has a portfolio of 26 uncontested applications in which it has a commercial interest.
Separately, further to the announcement of 31 January 2014, TLDH reported that the documentation associated to the change of name and change of status from an investment company to an operating company is at an advanced stage of preparation and the Board anticipates the Circular and Notice of General Meeting in relation to the above will be posted to Shareholders in early March.