REG - Team Internet Group - Result of AGM

Team InternetAnnouncement

19/04/2024 07:00

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RNS Number : 2436L  Team Internet Group PLC  19 April 2024

 19 April 2024
 Team Internet Group plc

 ("Team Internet" or the "Company")

  

 Result of AGM

  

 Team Internet Group plc (AIM: TIG), the global internet company that generates
 recurring revenue from creating meaningful and successful connections:
 businesses to domains, brands to consumers, publishers to advertisers,
 announces that at its Annual General Meeting held yesterday, 18 April 2024,
 all resolutions were duly passed.

 The full text of all the resolutions can be found in the Notice of Annual
 General Meeting 2024, dated 18 March 2024, a copy of which is available on
 the Company's website at
 https://teaminternet.com/constitutional-documents-and-circulars/

 The results of the voting were as follows:

                             % of votes in favour  % of votes against  Total votes  Votes withheld
 1. Receive the Report of Directors and Audited Accounts  100%                  0%                  166,002,665  1,173
 2. Approve the final dividend                            100%                  0%                  166,002,665  1,173
 3. Approve Directors' Report on Remuneration             70.44%                29.56%              165,865,238  138,600
 4. Re-elect Sam Dayani - NED                             86.99%                13.01%              162,770,863  3,232,975
 5. Election of Marie Holive - NED                        99.93%                0.07%               165,998,196  5,642
 6. Appointment of Auditors                               99.99%                0.01%               165,992,665  11,173
 7. Auditors' remuneration                                100%                  0.00%               166,002,665  1,173
 8. Authority to Allot Shares                             82.51%                17.49%              166,002,665  1,173
 9. Authority to Dis-apply Statutory Pre-emption Rights*  80.13%                19.87%              166,003,838  0
 10. Authority to Purchase Own Shares*                    99.99%                0.01%               166,002,665  1,173

*Special resolution

 Notes:

 1.  Proxy appointments which gave discretion to the Chairman of the AGM have
 been included in the "For" total for the appropriate resolution.

 2.  Votes "For" and "Against" any resolution are expressed as a percentage of
 votes validly cast for that resolution.

 3.  A "Vote withheld" is not a vote in law and is not counted in the
 calculation of the percentage of shares voted "For" or "Against".

 4.  The number of shares in issue on 18 April 2024 was 287,900,000 with
 28,670,711 shares in treasury.

 The Board note that resolutions 3, 8 and 9 continued to have some level of
 opposition. The Board will continue to engage with shareholders to understand
 their concerns and will seek to address the primary causes of shareholders'
 opposition to these resolutions.

 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 / Jamie Peel / James Edis (Investment Banking)           +44 (0) 161 831 1512
 Dominic King (Corporate Broking)                                     +44 (0) 203 829 5000

 Berenberg (Joint Broker)                                             +44 (0) 203 207 7800
 Mark Whitmore / Richard Andrews / Alix Mecklenburg-Solodkoff
 SEC Newgate (for Media)                                              +44 (0) 203 757 6880
 Bob Huxford / Alice Cho / Harry Handyside / Tom Carnegie             teaminternet@secnewgate.co.uk

 About Team Internet Group plc

 Team Internet (AIM: TIG) creates meaningful and successful connections from
 businesses to domains, brands to consumers, publishers to advertisers,
 enabling everyone to realise their digital ambitions. The Company is a leading
 global internet solutions company that operates in two highly attractive
 markets: high-growth digital advertising (Online Marketing segment) and domain
 name management solutions (Online Presence segment). The Company's Online
 Marketing segment creates privacy-safe and AI-generated online consumer
 journeys that convert general interest online media users into confident high
 conviction consumers through advertorial and review websites. The Online
 Presence segment is a critical constituent of the global online presence and
 productivity tool ecosystem, where the Company serves as the primary
 distribution channel for a wide range of digital products. The Company's
 high-quality earnings come from subscription recurring revenues in the Online
 Presence segment and revenue share on rolling utility-style contracts in the
 Online Marketing segment.

 

*Special resolution

 

Notes:

1.  Proxy appointments which gave discretion to the Chairman of the AGM have
been included in the "For" total for the appropriate resolution.

2.  Votes "For" and "Against" any resolution are expressed as a percentage of
votes validly cast for that resolution.

3.  A "Vote withheld" is not a vote in law and is not counted in the
calculation of the percentage of shares voted "For" or "Against".

4.  The number of shares in issue on 18 April 2024 was 287,900,000 with
28,670,711 shares in treasury.

 

The Board note that resolutions 3, 8 and 9 continued to have some level of
opposition. The Board will continue to engage with shareholders to understand
their concerns and will seek to address the primary causes of shareholders'
opposition to these resolutions.

 

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 / Jamie Peel / James Edis (Investment Banking)

+44 (0) 161 831 1512

Dominic King (Corporate Broking)

+44 (0) 203 829 5000

Berenberg (Joint Broker)

+44 (0) 203 207 7800

Mark Whitmore / Richard Andrews / Alix Mecklenburg-Solodkoff

SEC Newgate (for Media)

+44 (0) 203 757 6880

Bob Huxford / Alice Cho / Harry Handyside / Tom Carnegie

teaminternet@secnewgate.co.uk

About Team Internet Group plc

 

Team Internet (AIM: TIG) creates meaningful and successful connections from
businesses to domains, brands to consumers, publishers to advertisers,
enabling everyone to realise their digital ambitions. The Company is a leading
global internet solutions company that operates in two highly attractive
markets: high-growth digital advertising (Online Marketing segment) and domain
name management solutions (Online Presence segment). The Company's Online
Marketing segment creates privacy-safe and AI-generated online consumer
journeys that convert general interest online media users into confident high
conviction consumers through advertorial and review websites. The Online
Presence segment is a critical constituent of the global online presence and
productivity tool ecosystem, where the Company serves as the primary
distribution channel for a wide range of digital products. The Company's
high-quality earnings come from subscription recurring revenues in the Online
Presence segment and revenue share on rolling utility-style contracts in the
Online Marketing segment.

 

 

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