Directors' Dealings

Team Internet

25/09/2024 07:00

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RNS Number : 5190F  Team Internet Group PLC  25 September 2024

25 September 2024

 

Team Internet Group plc ("the Company")

Directors' Dealings

Team Internet Group plc (AIM:TIG, OTCQX:TIGXF) received notification on 23
September 2024 from Kestrel Partners LLP ("Kestrel") that on 20 September 2024
Kestrel purchased, on behalf of its discretionary client accounts, an
aggregate of 6,598 ordinary shares of £0.001 each ("Shares") in the Company
at an average price of £1.3135 per share.

Mr Royde is a partner of, and holds a beneficial interest in, Kestrel. Mr
Royde is also a shareholder in Kestrel Opportunities and is therefore deemed
to have a beneficial interest in Kestrel Opportunities' entire legal holding
in the Company.

Following this transaction, Kestrel Opportunities holds (and consequently Mr
Royde is deemed to have a beneficial interest in) 17,926,535 Shares in the
Company, and other clients of Kestrel, in which Mr Royde has no beneficial
interest hold 49,010,521 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 66,937,056
Shares in the Company, which represents 25.86 per cent of the total voting
rights in the Company.

Kestrel's interest in the Shares in the Company is held through the following
nominees:

 Holding type  Nominee                            No. of shares  % of total voting rights
 Indirect      Bank of New York Nominees Ltd      17,926,535     6.93%
 Indirect      JIM Nominees Limited               2,086,888      0.81%
 Indirect      Bank of New York Nominees Ltd      24,348,496     9.41%
 Indirect      CB NYK - CITIBANK N.A.-PRIVATE BK  19,079,476     7.37%
 Indirect      Northern Trust Company AVFC        3,495,661      1.35%

 

For further information contact:

 Team Internet Group Plc                                                      +44 (0) 203 388 0600

 Michael Riedl, Chief Executive Officer

 William Green, Chief Financial Officer

 Zeus (NOMAD and Joint Broker)

 Nick Cowles / James Edis (Investment Banking)                               +44 (0) 161 831 1512

 Dominic King (Corporate Broking)                                            +44 (0) 203 829 5000
 Berenberg (Joint Broker)

 Mark Whitmore / Richard Andrews / Alix                                      +44 (0) 20 3207 7800

 Mecklenburg-Solodkoff
 SEC Newgate (for Media)                                                     +44 (0) 203 757 6880

 Bob Huxford / Harry Handyside / Tom Carnegie                                teaninternet@secnewgate.co.uk (mailto:teaninternet@secnewgate.co.uk)

 

 

 

ANNEX

Template for notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely associated with
them

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Kestrel Partners LLP

 2    Reason for the notification

 a)   Position/status                                              PCA - Max Royde (non-executive director Team Internet Group plc)

 b)   Initial notification /Amendment                              Initial

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Team Internet Group plc

 b)   LEI                                                          213800WAVVOPS85N2205

 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted

 a)   Description of the financial instrument, type of instrument  £0.001 Ordinary Shares

      Identification code

                                                                   ISIN: GB00BCCW4X83

 b)   Nature of the transaction                                     Purchase

 c)   Price(s) and volume(s)                                       Purchase

                                                            20 September 2024
                                                                   Price(s)  Volume(s)

      Transfer

                                                            1.3135    6,598 shares

      Purchase

 d)   Aggregated information

      - Aggregated volume                                          Purchase Total 6,598 shares at an average price of GBP 1.3135.

      - Price

 e)   Date of the transaction                                      20 September 2024

 f)   Place of the transaction                                     London AIM

d)

 

Aggregated information

- Aggregated volume

- Price

 

Purchase Total 6,598 shares at an average price of GBP 1.3135.

 

 

 

 

e)

 

Date of the transaction

20 September 2024

f)

 

Place of the transaction

London AIM

 

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