Directors' Dealings
25/11/2024 07:00
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RNS Number : 4855N Team Internet Group PLC 25 November 2024
25 November 2024
Team Internet Group plc ("the Company")
Directors' Dealings
Team Internet Group plc (AIM:TIG, OTCQX:TIGXF) received notification on 22
November 2024 from Kestrel Partners LLP ("Kestrel") that on 18, 19, 20, 21 and
22 November 2024 Kestrel purchased, on behalf of its discretionary client
accounts, an aggregated 189,029 ordinary shares of £0.001 each ("Shares") in
the Company at an average price of £0.8398 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 49,422,808 Shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 67,349,343
Shares in the Company, which represents 26.35 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 7.01%
Indirect JIM Nominees Limited 2,155,618 0.84%
Indirect Bank of New York Nominees Ltd 24,396,754 9.55%
Indirect CB NYK - CITIBANK N.A.-PRIVATE BK 19,079,476 7.47%
Indirect Northern Trust Company AVFC 3,790,960 1.48%
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 (mailto:teaninternet@secnewgate.co.uk) @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 213800M4IINBWMXEKV82
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
18 November 2024
Price(s) Volume(s)
Transfer
0.8492 10,000 shares
Purchase
19 November 2024
Purchase Price(s) Volume(s)
0.8479 52,454 shares
Purchase
20 November 2024
Price(s) Volume(s)
0.8518 50,000
Purchase
21 November 2024
Price(s) Volume(s)
0.8339 26,575
Purchase
22 November 2024
Price(s) Volume(s)
0.8206 50,000
d) Aggregated information
- Aggregated volume Purchase Total 189,029 shares at an average price of GBP 0.8398.
- Price
e) Date of the transaction 18, 19, 20, 21 and 22 November 2024
f) Place of the transaction London AIM
d)
Aggregated information
- Aggregated volume
- Price
Purchase Total 189,029 shares at an average price of GBP 0.8398.
e)
Date of the transaction
18, 19, 20, 21 and 22 November 2024
f)
Place of the transaction
London AIM
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