REG - Team Internet Group - Exercise of Options

Team InternetAnnouncement

10/06/2024 13:15

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RNS Number : 8324R  Team Internet Group PLC  10 June 2024

10 June 2024

Team Internet Group plc

 

("Team Internet" or the "Company")

 

(AIM: TIG, OTCQX: TIGXF),

 

Exercise of Options

 

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, announces that it was notified today, 10 June 2024, that on 7
June 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
 William Green  12,120                                                     07 March 2022
 William Green  7,085                                                      15 May 2023

 

The Options exercise was satisfied by 19,205 shares from the Team Internet
Employee Benefit Trust. William Green intends to keep all the shares acquired
through the Options exercise and has no plans to sell any shares in the medium
to long term.

 

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 Share subject to options  Issue Date     Vesting Period                 Exercise price per Ordinary Share
 Michael Riedl  231,050                                      10 March 2020  1 March 2022 - 1 March 2024    Nil
 Michael Riedl  462,100                                      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 10,550,615 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                                                         William Green
 2    Reason for the notification
 a)   Position/status                                              CFO
 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  Ordinary shares of £0.001

      Identification code

                                                                   GB00BCCW4X83
 b)   Nature of the transaction                                    Exercise of share options & Sale
 c)   Price(s) and volume(s)                                       Exercise of share option
                                                                    Price(s)   Volume(s)
                                                                   Nil         12,120

                                                                   Nil         7,085

 

 d)   Aggregated information                                       Transaction Type     Aggregated Volume  Aggregated Price

                                                            Exercise of Options   19,205            0 GBP
      - Aggregated volume

      - Price
 e)   Date of the transaction                                      07 June 2024
 f)   Place of the transaction                                     London Stock Exchange, AIM

 

 

d)

Aggregated information

- Aggregated volume

- Price

 Transaction Type     Aggregated Volume  Aggregated Price
 Exercise of Options   19,205            0 GBP

e)

Date of the transaction

07 June 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)                                       teami (mailto:teaminternet@secnewgate.co.uk) nterne
                                                               (mailto:teaminternet@secnewgate.co.uk) t@secnewgate.co.uk
                                                               (mailto:teaminternet@secnewgate.co.uk)
 Bob Huxford / Jonathan Winston / Harry Handyside              +44 (0) 203 757 6880

 

 

 

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
(http://www.teaminternet.com)

 

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