Directors' Dealings

Team Internet Group PLC
27 August 2024
 

27 August 2024

 

Team Internet Group plc ("the Company")

Directors' Dealings

Team Internet Group plc (AIM:TIG, OTCQX: TIGXF) received notification on 27 August 2024 from Kestrel Partners LLP ("Kestrel") that on 19, 20, 22 & 23 August 2024 Kestrel purchased, on behalf of its discretionary client accounts, an aggregate of 37,000 ordinary shares of £0.001 each ("Shares") in the Company at an average price of £1.4256 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 48,941,324 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 66,867,859 Shares in the Company, which represents 25.79 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

6.92%

Indirect

JIM Nominees Limited

2,086,888

0.81%

Indirect

Bank of New York Nominees Ltd

24,279,299

9.35%

Indirect

CB NYK - CITIBANK N.A.-PRIVATE BK

19,079,476

7.36%

Indirect

Northern Trust Company AVFC

3,495,661

1.35%

 

For further information contact:

Team Internet Group Plc

Michael Riedl, Chief Executive Officer

William Green, Chief Financial Officer

 +44 (0) 203 388 0600


Zeus (NOMAD and Joint Broker)

Nick Cowles / James Edis (Investment Banking)

Dominic King (Corporate Broking)

 

+44 (0) 161 831 1512

+44 (0) 203 829 5000

Berenberg (Joint Broker)

Mark Whitmore / Richard Andrews / Alix

Mecklenburg-Solodkoff                          

 

+44 (0) 20 3207 7800

SEC Newgate (for Media)

Bob Huxford / Harry Handyside / Tom Carnegie

+44 (0) 203 757 6880

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

Identification code

 

£0.001 Ordinary Shares

 

 

ISIN: GB00BCCW4X83

 

b)

 

Nature of the transaction

 

 Purchase


c)

 

Price(s) and volume(s)

 

Transfer

 

Purchase

 

Purchase

19 August 2024

Price(s)

 

Volume(s)

1.4163

8,000 shares

20 August 2024

Price(s)

 

Volume(s)

1.4612

10,000 shares

22 August 2024

Price (s)

Volume (s)

1.4182

 

11,000 shares

23 August 2024

 

Price (s)

Volume (s)

1.4008

8,000 shares

d)

 

Aggregated information

- Aggregated volume

- Price

 

Purchase Total 37,000 shares at an average price of GBP 1.4256

 

 

 

 

e)

 

Date of the transaction

19, 20, 22, 23 August 2024

f)

 

Place of the transaction

London AIM

 

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