Business
Dividend Timetable and PDMR Option Exercise
Dividend Timetable and PDMR Option Exercise.
About this update from Team Internet Group Plc
[{"type":"text","content":"\n\n19 August 2024\nTEAM INTERNET GROUP PLC\n(\"Team Internet\" or the \"Company\" or the \"Group\")\nDIVIDEND TIMETABLE AND PDMR OPTION EXERCISE\n \nTeam 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.\nDividend Timetable\n \nTeam 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.\n\n\nMichael 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.\"\n \n\nPDMR Option Exercise\n \nThe 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\"):\n \n\n\n\n\nPDMR\n\n\nNumber of Ordinary Shares acquired on exercise of Options\n\n\nDate of grant of Option\n\n\n\n\nMichael Riedl\n\n\n200,724\n\n\n10 March 2020\n\n\n\n\nMichael Riedl\n\n\n173,287\n\n\n10 March 2020\n\n\n\n\n \nThe 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.\n \nThe table below summarises the ...