REG - Team Internet Group - Result of AGM

Team InternetAnnouncement

Mon 15:30

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RNS Number : 4852G  Team Internet Group PLC  28 April 2025

 28 April 2025
 Team Internet Group plc

 ("Team Internet" or the "Company")

  

 Result of AGM

  

 Team Internet Group plc (AIM: TIG, OTCQX: TIGXF), 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 ("AGM") held
 today, 28 April 2025, all resolutions were duly passed.

 The full text of all the resolutions can be found in the Notice of Annual
 General Meeting 2025, dated 1 April 2025, 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   100.00%               0.00%               189,467,755    17,333
 2. Approve Directors' Report on Remuneration              76.08%                23.92%               189,467,755    91,817
 3. Re-elect Iain McDonald - Chair                         99.92%                0.08%                189,467,755    23,910
 4. Re-elect Michael Riedl - CEO                           99.75%                0.25%                189,467,755    3,124,697
 5. Re-elect Horst Siffrin - NED                           95.19%                4.81%                189,467,755    23,910
 6. Re-elect Max Royde - NED                               80.33%                19.67%               189,467,755    23,910
 7. Re-elect Sam Dayani - NED                              95.28%                4.72%                189,467,755    23,910
 8. Re-appointment of Auditors                             99.99%                0.01%                189,467,755    17,333
 9. Auditors' remuneration                                 100.00%               0.00%                189,467,755    17,333
 10. Authority to Allot Shares                             84.96%                15.04%               189,467,755    6,160
 11. Authority to Dis-apply Statutory Pre-emption Rights*  84.95%                15.05%               189,467,755    6,160
 12. Authority to Purchase Own Shares*                     99.97%                0.03%                189,467,755    6,160
 13. Capitalisation issue *                                84.93%                15.07%               189,467,755    697,803
 14. Capital Reduction *                                   84.93%                15.07%               189,467,755    755,803

*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 28 April 2025 was 273,500,000 with
 27,318,711 shares in treasury.

 The Board is pleased with the increase in shareholder support for the
 resolutions at the AGM from previous years. However, it notes that while
 Resolution 2, which gave shareholders the opportunity to cast an advisory vote
 on the Directors' Remuneration Report for the year ended 31 December 2024, was
 approved, 23.92% of the votes cast were votes against Resolution 2.

 Over the coming months, the Board will reflect on the result of Resolution 2,
 and the Remuneration & Nomination Committee looks forward to ongoing
 engagement with the Group's shareholders as it continues to shape the Group's
 future remuneration policy.

 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)                              +44 (0) 203 207 7800
 Mark Whitmore / Richard Andrews
 SEC Newgate (for Media)                               +44 (0) 203 757 6880
 Bob Huxford / Tom Carnegie / Harry Handyside          teaminternet@secnewgate.co.uk

 About Team Internet Group plc

 Team Internet (AIM: TIG, OTCQX: TIGXF) 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: domain name management, identity and software solutions
 (DIS segment) and high-growth digital advertising (Comparison and Search
 segments). The DIS 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 Comparison and Search segments create 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 Company's high-quality earnings come from subscription recurring revenues
 in the DIS segment and revenue share on rolling utility-style contracts in the
 Comparison and Search segments.

 For more information please visit: www.teaminternet.com

 

*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 28 April 2025 was 273,500,000 with
27,318,711 shares in treasury.

The Board is pleased with the increase in shareholder support for the
resolutions at the AGM from previous years. However, it notes that while
Resolution 2, which gave shareholders the opportunity to cast an advisory vote
on the Directors' Remuneration Report for the year ended 31 December 2024, was
approved, 23.92% of the votes cast were votes against Resolution 2.

Over the coming months, the Board will reflect on the result of Resolution 2,
and the Remuneration & Nomination Committee looks forward to ongoing
engagement with the Group's shareholders as it continues to shape the Group's
future remuneration policy.

 

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)

+44 (0) 203 207 7800

Mark Whitmore / Richard Andrews

SEC Newgate (for Media)

+44 (0) 203 757 6880

Bob Huxford / Tom Carnegie / Harry Handyside

teaminternet@secnewgate.co.uk

About Team Internet Group plc

 

 

Team Internet (AIM: TIG, OTCQX: TIGXF) 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: domain name management, identity and software solutions
(DIS segment) and high-growth digital advertising (Comparison and Search
segments). The DIS 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 Comparison and Search segments create 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 Company's high-quality earnings come from subscription recurring revenues
in the DIS segment and revenue share on rolling utility-style contracts in the
Comparison and Search segments.

 

For more information please visit: www.teaminternet.com

 

 

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