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RNS Number : 3971Z Team Internet Group PLC 07 April 2026
7 April 2026
Team Internet Group plc
Directors' Dealings
Team Internet Group plc (AIM:TIG, OTCQX:TIGXF) ("Team Internet" or the
"Company") announces that it received notification from Mr. Max Royde,
Non-Executive Director, that an aggregate of 96,009 ordinary shares of 0.001
pence each in the Company ("Shares") have been transferred out of Kestrel
Partners LLP ("Kestrel") discretionary management and control due to
rearrangements of two client portfolios. These Shares continue to be held by
the same beneficial owners.
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 Team Internet.
Following this transaction, Kestrel Opportunities continues to hold (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 49,806,969 Shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 67,733,504
Shares in the Company, which represents 27.51 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:
Nominee No. of shares % of total voting rights
Bank of New York Nominees Ltd 17,926,535 7.28%
JIM Nominees Limited 28,825 0.01%
Bank of New York Nominees Ltd 24,396,754 9.91%
CB NYK - CITIBANK N.A.-PRIVATE BK 20,659,512 8.39%
Northern Trust Company AVFC 4,401,636 1.79%
iDealing Nominees Limited 320,242 0.13%
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)
James Edis / Dan Bate (Investment Banking) +44 (0) 161 831 1512
Dominic King (Corporate Broking) +44 (0) 203 829 5000
Berenberg (Joint Broker)
Mark Whitmore / Richard +44 (0) 20 3207 7800
Andrews
SEC Newgate (for Media) +44 (0) 203 757 6880
Bob Huxford / Harry Handyside / Gwen Samuel teaminternet (mailto:teaminternet@secnewgate.co.uk) @secnewgate.co.uk
(mailto:teaminternet@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 Max Royde
2 Reason for the notification
a) Position/status PCA - Kestrel Partners LLP are a PCA of Max Royde (non-executive director of
Team Internet Group plc and Partner of Kestrel).
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 Transfer of Shares out of Kestrel controlled accounts. Mr. Royde is a partner
of, and holds a beneficial interest in, Kestrel. Mr. Royde is also a
shareholder in one of Kestrel's clients ("Kestrel Opportunities"), and is
therefore deemed to have a beneficial interest in Kestrel Opportunities'
entire legal holding in Team Internet.
c) Price(s) and volume(s) Price(s) Volume(s)
N/A 96,009
Transfer
Purchase
d) Aggregated information
- Aggregated volume As above.
- Price
e) Date of the transaction 31 March 2026
f) Place of the transaction London Stock Exchange
d)
Aggregated information
- Aggregated volume
- Price
As above.
e)
Date of the transaction
31 March 2026
f)
Place of the transaction
London Stock Exchange
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