Team Internet Group PLC Directors' Dealings

RNS Number : 4616G

Team Internet Group PLC

01 October 2024

 

1 October 2024

 

Team Internet Group plc ("the Company")

Directors' Dealings

Team Internet Group plc (AIM:TIG, OTCQX:TIGXF) received notification on 27 September 2024 from Kestrel Partners LLP ("Kestrel") that on 23, 24 & 25 September 2024 Kestrel purchased, on behalf of its discretionary client accounts, an aggregate of 20,254 ordinary shares of £0.001 each ("Shares") in the Company at an average price of £1.3025 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 49,030,775 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 66,957,310 Shares in the Company, which represents 25.90 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	6.93%
Indirect	JIM Nominees Limited	2,086,888	0.81%
Indirect	Bank of New York Nominees Ltd	24,368,750	9.43%
Indirect	CB NYK - CITIBANK N.A.-PRIVATE BK	19,079,476	7.38%
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	[phone]
Zeus (NOMAD and Joint Broker) Nick Cowles / James Edis (Investment Banking) Dominic King (Corporate Broking)	[phone] [phone]
Berenberg (Joint Broker) Mark Whitmore / Richard Andrews / Alix Mecklenburg-Solodkoff	[phone]
SEC Newgate (for Media) Bob Huxford / Harry Handyside / Tom Carnegie	[phone] [e-mail]

 

 

 

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 23 September 2024 Price(s)   Volume(s) 1.2960 4,000 shares 24 September 2024 Price(s)   Volume(s) 1.3043 10,000 shares 25 September 2024 Price (s) Volume (s) 1.3037   6,254 shares
d)	Aggregated information - Aggregated volume - Price	Purchase Total 20,254 shares at an average price of GBP 1.3025.
e)	Date of the transaction	23, 24, 25 September 2024
f)	Place of the transaction	London AIM

 

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