Team Internet Group PLC Form 8 (OPD) - Team Internet Group plc

RNS Number : 1448U

Team Internet Group PLC

21 January 2025

 

FORM 8 (OPD)

 

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

(a) Full name of discloser:	Team Internet Group plc
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Team Internet Group plc
(d) Is the discloser the offeror or the offeree?	OFFEREE
(e) Date position held:      The latest practicable date prior to the disclosure	20 January 2025
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	N/A

 

2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

 

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

 

Class of relevant security:	£0.001 Ordinary Shares
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	Nil	Nil	Nil	Nil
(2) Cash-settled derivatives:	Nil	Nil	Nil	Nil
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	Nil	Nil	Nil
TOTAL:	Nil	Nil	Nil	Nil

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

(b)        Rights to subscribe for new securities

 

Class of relevant security in relation to which subscription right exists:	None
Details, including nature of the rights concerned and relevant percentages:	None

 

 

3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

Team Internet Group Plc interests held by directors, including persons connected with directors of Team Internet Group Plc   Name of Director or connected person Number of Team Internet Group plc Shares held Percentage of total issued share capital (excluding treasury shares) (%) Inter.Services GmbH* 32,000,000 12.73 Erin Invest & Finance Ltd** 13,853,111 5.51 Cleavebeam Limited** 3,699,000 1.47 Mr Michael Riedl 3,100,787 1.23 Jabella Group Limited** 2,711,668 1.08 Mr Iain McDonald*** 697,615 0.28 Ms Marie Holive 25,252 0.01 Mr William Green 19,205 0.01   * Horst Siffrin and his close relatives are the beneficial holders of Inter.Services GmbH ** The beneficial holders of Erin Invest & Finance Ltd are Samuel Dayani, a director of the Company, and his father. Jabella Group Limited and Clevebeam Limited are companies wholly owned inter alia, by Erin Invest & Finance. *** Of which 107,653 shares are held by Iain McDonald via a CFD     Name of Director or connected person Number of Team Internet Group plc Shares held Percentage of total issued share capital (excluding treasury shares) (%) Zeus Capital Limited 901,643 0.36     Interests held as options or awards by directors of Team Internet Group Plc in Team Internet Group Plc ordinary shares under the company's Long-Term Incentive Plan   Name of Director Number of Team Internet Group plc Shares subject to options Issue Date Vesting Period Exercise Price per Ordinary Share Michael Riedl 231,049 10 March 2020 1 March 2023 - 1 March 2025 Nil Michael Riedl 1,046,540 15 May 2023 15 May 2023 - 1 May 2026 Nil Michael Riedl 1,046,541 15 May 2023 15 May 2023 - 1 May 2027 Nil Michael Riedl 1,046,541 15 May 2023 15 May 2023 - 1 May 2028 Nil William Green 6,061 7 March 2022 1 Jan 2023 - 1 Jan 2025 Nil William Green 400,000 15 May 2023 15 May 2023 - 1 May 2026 Nil William Green 400,000 15 May 2023 15 May 2023 - 1 May 2027 Nil William Green 400,000 15 May 2023 15 May 2023 - 1 May 2028 Nil William Green 14,171 15 May 2023 15 May 2023 - 1 May 2026 Nil

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

4.         OTHER INFORMATION

 

(a)        Indemnity and other dealing arrangements

 

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

None

 

(b)        Agreements, arrangements or understandings relating to options or derivatives

 

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

None

 

(c)        Attachments

 

Are any Supplemental Forms attached?

 

Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO

 

 

Date of disclosure:	21 January 2025
Contact name:	Cleopatra Thring, Group Head of Governance and Compliance and Company Secretary
Telephone number:	[phone]

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

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