10 April
2024
TEAM INTERNET GROUP
PLC
("Team
Internet" or "the Company" or "the Group")
Commencement of Trading on
OTCQX
Team
Internet Group Plc (AIM: TIG), the global internet company that
generates recurring revenue from creating meaningful and successful
connections: business to domains, brands to consumers, publishers
to advertisers, is pleased to announce that its ordinary shares
have begun trading on the OTCQX® Best Market ("OTCQX") under the
symbol "TIGXF".
OTCQX is the premier tier of OTC
Markets where more than 12,000 US and global securities trade.
Trading on OTCQX will significantly enhance Team Internet's
visibility and accessibility in the world's largest capital
market.
The US has traditionally been the
most significant market for Team Internet and the verticals in
which the Company operates are generally well understood by US
investors. As such, Team Internet has received interest from
numerous US investors in the past and, in recent months, has hosted
several meetings with US investors.
Team Internet shares are now
available to US investors during US trading hours and priced in US
dollars, dramatically simplifying the process of investing in the
Company for US investors. Team Internet's ordinary shares will
continue to trade on AIM under the symbol "TIG".
Michael Riedl, CEO, of Team Internet,
commented: "As we mark the beginning of
our trading on OTCQX, we are not just opening a new chapter for
Team Internet. We reinforce our commitment to enhancing shareholder
value and expanding our footprint in the United States, a market
that represents nearly 50% of our revenue. This move reflects our
robust performance and the investor confidence we have been
fortunate to build, especially within the US, over the past year.
We recognise the importance of making our shares more accessible
and appealing to US investors, and qualifying to trade on OTCQX is
a strategic step in that direction. We are eager to welcome new
investors and invite them to join us in this exciting
journey."
Please see below a link to Michael
Riedl's interview with Proactive at their OTC studio in New York
City to mark the Company's debut trading on OTCQX under the ticker
symbol "TIGXF".
https://teaminternet.com/investors/otcqx-announcement/
For further
information:
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Team Internet Group Plc
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Michael
Riedl, Chief Executive Officer
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+44 (0)
203 388 0600
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William
Green, Chief Financial Officer
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Zeus Capital Limited - NOMAD and Joint
Broker
|
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Nick Cowles / Jamie Peel / James
Edis (Investment Banking)
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+44 (0)
161 831 1512
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Dominic
King (Corporate Broking)
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+44 (0)
203 829 5000
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Berenberg (Joint
Broker)
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Mark
Whitmore / Richard Andrews / Alix Mecklenburg-Solodkoff
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+44 (0)
203 207 7800
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SEC Newgate (for
Media)
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teaminternet@secnewgate.co.uk
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Bob Huxford
/ Alice Cho / Harry Handyside / Tom Carnegie
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+44 (0)
203 757 6880
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About Team Internet Group Plc
Team Internet (AIM: TIG)
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