Team Internet Group PLC Director's Dealings (0228U)

TIDMTIG

RNS Number : 0228U

Team Internet Group PLC

20 November 2023

20 November 2023

Team Internet Group plc

Directors' Dealings

Team Internet Group plc (LSE:TIG, "Company" or "TIG") received notification on the 20 November 2023 from Kestrel Partners LLP ("Kestrel") that on the 16 November and 17 November 2023 it purchased, on behalf of its discretionary client accounts, an aggregate of 8,000 ordinary shares of GBP0.001 each ("Shares") in the Company at an average price of GBP1.15675 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 TIG.

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 48,768,631 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 66,695,166 Shares in the Company, which represents 24.79 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     Nominee                           No. of shares   % of total voting 
  type                                                                    rights 
             Bank of New York Nominees 
 Indirect     Ltd                                 17,926,535               6.66% 
 Indirect    JIM Nominees Limited                  2,086,888               0.78% 
             Bank of New York Nominees 
 Indirect     Ltd                                 24,214,299               9.00% 
             CB NYK - CITIBANK N.A.-PRIVATE 
 Indirect     BK                                  19,079,476               7.09% 
             Northern Trust Company 
 Indirect     AVFC                                 3,387,968               1.26% 
 

For further information contact:

 
 
 Team Internet Group Plc 
  Michael Riedl , Chief Executive Officer       [phone] 
  William Green, Chief Financial Officer         0600 
 
 Zeus (NOMAD and Joint Broker) 
  Nick Cowles / Jamie Peel / James Edis 
  (Investment Banking)                           [phone] 
  Dominic King (Corporate Broking)               [phone] 
 Berenberg (Joint Broker) 
  Mark Whitmore / Richard Andrews / Alix 
  Mecklenburg-Solodkoff                          [phone] 
 SEC Newgate (for Media)                       [phone] 
  Bob Huxford / Alice Cho / Harry Handyside     [e-mail] 
  / Tom Carnegie 
 
 

ANNEX

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                     Kestrel Partners LLP 
     -----------------------  --------------------------------------------- 
      Reason for the notification 
  2 
     ---------------------------------------------------------------------- 
 a)   Position/status          PCA - Max Royde (non-executive director Team 
                                Internet Group plc) 
     -----------------------  --------------------------------------------- 
 b)   Initial notification     Initial 
       /Amendment 
     -----------------------  --------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                     Team Internet Group plc 
     -----------------------  --------------------------------------------- 
 b)   LEI                      213800WAVVOPS85N2205 
     -----------------------  --------------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ---------------------------------------------------------------------- 
 a)   Description              GBP0.001 Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument       ISIN: GB00BCCW4X83 
       Identification 
       code 
     -----------------------  --------------------------------------------- 
 b)   Nature of the             Purchase 
       transaction 
     -----------------------  --------------------------------------------- 
 c)   Price(s) and              Purchase 
       volume(s)                 16 November 2023 
                                 Price(s)   Volume(s) 
       Transfer                            ------------- 
                                 1.1565     4,000 shares 
       P urchase                           ------------- 
                                 17 November 2023 
                                 Price(s)   Volume(s) 
                                           ------------- 
                                 1.157      4,000 shares 
                                           ------------- 
     -----------------------  --------------------------------------------- 
 d)   Aggregated information 
       - Aggregated              Purchase Total 8,000 shares at an average 
       volume                    price of GBP 1.15675 
       - Price 
     -----------------------  --------------------------------------------- 
 e)   Date of the              16 & 17 November 2023 
       transaction 
     -----------------------  --------------------------------------------- 
 f)   Place of the             London AIM 
       transaction 
     -----------------------  --------------------------------------------- 
 

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November 20, 2023 08:35 ET (13:35 GMT)