Team Internet Group PLC Directors’ Dealings
September 03 2024 - 4:16AM
RNS Regulatory News
RNS Number : 7022C
Team Internet Group PLC
03 September 2024
3 September 2024
Team Internet Group plc ("the
Company")
Directors' Dealings
Team Internet Group plc (AIM:TIG,
OTCQX:TIGXF) received notification on 30 August 2024
from Kestrel Partners LLP ("Kestrel") that on 27,
28, 29 & 30 August 2024 Kestrel
purchased, on behalf of its discretionary client accounts, an
aggregate of 36,599 ordinary shares of £0.001 each ("Shares") in
the Company at an average price of £1.3629 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 48,977,923 Shares in the Company.
On a combined basis, Kestrel
indirectly holds voting rights over 66,904,458 Shares in the
Company, which represents 25.81 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
|
6.91%
|
|
Indirect
|
JIM Nominees Limited
|
2,086,888
|
0.80%
|
|
Indirect
|
Bank of New York Nominees
Ltd
|
24,315,898
|
9.37%
|
|
Indirect
|
CB NYK - CITIBANK N.A.-PRIVATE
BK
|
19,079,476
|
7.36%
|
|
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
|
+44 (0) 203 388
0600
|
|
|
|
|
|
Zeus (NOMAD and Joint
Broker)
Nick Cowles / James
Edis (Investment Banking)
Dominic King (Corporate Broking)
|
+44 (0) 161 831 1512
+44 (0) 203 829 5000
|
|
|
Berenberg (Joint Broker)
Mark
Whitmore / Richard Andrews /
Alix
Mecklenburg-Solodkoff
|
+44 (0) 20 3207 7800
|
|
|
SEC Newgate (for Media)
Bob Huxford / Harry Handyside / Tom
Carnegie
|
+44 (0) 203 757 6880
teaninternet@secnewgate.co.uk
|
|
|
|
|
| |
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
|
213800WAVVOPS85N2205
|
|
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
|
|
27 August 2024
|
|
Price(s)
|
Volume(s)
|
|
1.4013
|
15,000 shares
|
|
28 August 2024
|
|
Price(s)
|
Volume(s)
|
|
1.3486
|
10,000 shares
|
|
29 August 2024
|
|
Price (s)
|
Volume (s)
|
|
1.321
|
5,599 shares
|
|
30 August 2024
|
|
Price (s)
|
Volume (s)
|
|
1.3297
|
6,000 shares
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Purchase Total 36,599 shares at an
average price of GBP 1.3629
|
|
e)
|
Date of the transaction
|
27, 28, 29, 30 August
2024
|
|
f)
|
Place of the transaction
|
London AIM
|
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