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| Date | 19 Aug 2024 |
| Time | 07:00:12 |
| Category | Capital structure |
| ID | 8735A |
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.
|
|
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) |
|
||||||
|
d) |
Aggregated information - Aggregated volume - Price |
|
||||||
|
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) |
|
|
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.