19
August 2024
TEAM INTERNET GROUP
PLC
("Team
Internet" or the "Company" or the "Group")
DIVIDEND TIMETABLE AND PDMR
OPTION EXERCISE
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, is pleased to
confirm the timetable for the interim dividend
noted in the 12 August 2024 unaudited financial results RNS
announcement.
Dividend Timetable
Team Internet declares an interim
dividend of 1.0 pence per share. The dividend will be payable on 4
October 2024 for shareholders on the Company's register of members
at close of business on 30 August 2024.
Michael Riedl, CEO of Team Internet, commented:
"I am pleased to announce
Team Internet's first interim dividend, marking a significant step
in our commitment to returning value to our shareholders. This
interim dividend, in addition to our recent annual final dividend
payment, underscores our balanced capital allocation strategy. We
recognise the importance of managing our debt prudently while also
ensuring that we reward our long-term shareholders. We are
confident that this strategy will contribute to sustained growth
and financial health, and we look forward to keeping you updated on
our progress throughout our journey."
PDMR Option Exercise
The Company also announces that on
16 August 2024, the following PDMR exercised share options
previously granted by the Company ("Options") over ordinary shares of 0.1p
each ("Ordinary
Shares"):
PDMR
|
Number of Ordinary Shares acquired on exercise of
Options
|
Date of grant of Option
|
Michael Riedl
|
200,724
|
10 March 2020
|
Michael Riedl
|
173,287
|
10 March 2020
|
The Options exercise was satisfied
by 374,011 shares from the Team Internet Employee Benefit
Trust. Michael Riedl intends to retain all the shares
acquired through the Options exercise and has no plans to sell any
shares. Michael Riedl will personally settle the tax liabilities
related to this exercise. Following the exercise, Michael Riedl
holds 3,100,787 Ordinary Shares, representing 1.2% of the Company's
total voting rights.
The table below summarises the total
number of Ordinary Shares held under options by the Directors as at
the date of this announcement:
Director
|
Number of Ordinary 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 - 15 May
2026
|
Nil
|
Michael Riedl
|
1,046,541
|
15 May 2023
|
15 May 2023 - 15 May
2027
|
Nil
|
Michael Riedl
|
1,046,541
|
15 May 2023
|
15 May 2023 - 15 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 - 15 May
2026
|
Nil
|
William Green
|
400,000
|
15 May 2023
|
15 May 2023 - 15 May
2027
|
Nil
|
William Green
|
400,000
|
15 May 2023
|
15 May 2023 - 15 May
2028
|
Nil
|
William Green
|
14,171
|
15 May 2023
|
15 May 2023 - 15 May
2026
|
Nil
|
A total number of 8,410,982 Ordinary
Shares are held under options granted to all employees and
Directors of the Team Internet group.
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
|
Michael
Riedl
|
2
|
Reason for the
notification
|
a)
|
Position/status
|
CEO
|
b)
|
Initial
notification /Amendment
|
Initial
notification
|
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
|
Ordinary
shares of £0.001
GB00BCCW4X83
|
b)
|
Nature of
the transaction
|
Exercise of
share options
|
c)
|
Price(s)
and volume(s)
|
Exercise of share
option
|
Price(s)
|
Volume(s)
|
Nil
Nil
|
200,724
173,287
|
|
d)
|
Aggregated
information
-
Aggregated volume
-
Price
|
Transaction
Type
|
Aggregated
Volume
|
Aggregated
Price
|
Exercise of
Options
|
374,011
|
0
GBP
|
|
e)
|
Date of the
transaction
|
16 August
2024
|
f)
|
Place of
the transaction
|
London
Stock Exchange, AIM
|
For further
information:
Team Internet Group Plc
|
+44 (0)
203 388 0600
|
Michael
Riedl, Chief Executive Officer
|
|
William
Green, Chief Financial Officer
|
|
Zeus Capital Limited (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 / Alix Mecklenburg-Solodkoff
|
|
SEC Newgate (for
Media)
|
teaminternet@secnewgate.co.uk
|
Bob Huxford
/ Harry Handyside / Tom Carnegie
|
+44 (0)
203 757 6880
|
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: high-growth digital advertising (Online
Marketing segment) and domain name management solutions (Online
Presence segment). The company's Online Marketing segment creates
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 Online
Presence segment is a critical constituent of the global online
presence and productivity tool ecosystem, where Team Internet
serves as the primary distribution channel for a wide range of
digital products. The company's high-quality earnings come from
subscription recurring revenues in the Online Presence segment and
revenue share on rolling utility-style contracts in the Online
Marketing segment.
For more information please
visit: www.teaminternet.com.