- Minds + Machines (MMX) said that US investment banking firm Headwaters MB had been appointed to review the various strategic options open to the company to maximise value for shareholders.

This followed several informal approaches from external parties, it said.

MMX has been restructured successfully by the new management team into a profitable business with an increasing recurring revenue stream, a world-class asset base, and one of the strongest footprints in Asia following the launch of .VIP and the subsequent MIIT approval in China.

"During the last 18 months, the new generic top-level domain market has experienced unprecedented growth and trading by the Company has, and continues to, reflect this," the company said.

"Registrations are up over 40% year to date. The sector remains highly fragmented and the review will explore how strategic options might accelerate shareholder value, in particular whether and how MMX can participate in a broader industry consolidation.

"The outcome of the strategic review may therefore include, but not be limited to, an acquisition by or sale / merger of the Company."

At 9:16am: [LON:MMX] Minds Machines Group Ltd share price was +1.25p at 10.75p

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