Business
Update on Strategic Review
Team Internet Group plc has provided an update on its strategic review of the DIS business, noting continued strong engagement from interested parties and reiterating expectations that any transaction would materially exceed the company's market capitalization of approximately £120 million at the time of the initial review announcement. The company is also proactively optimizing its capital structure and has mandated Pareto Securities to arrange fixed income investor meetings. Current trading in 2026 is in line with expectations, with the Search segment transition substantially complete, and the company believes it is well-positioned to execute its strategy and maximize shareholder value. Disclaimer*
About this update from Team Internet Group Plc
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (DIRECTLY OR INDIRECTLY) IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. 24 April 2026 Team Internet Group plc ("Team Internet" or the "Company" or the "Group") Update on Strategic Review, Capital Structure and Current Trading Team Internet Group plc (AIM: TIG, OTCQX: TIGXF), the global internet company that generates recurring revenue from powering identity and discovery online, is pleased to report progress on the strategic review initiated in November 2025, together with updates on capital structure initiatives and current trading. Strategic Review of DIS As previously announced on 11 November 2025, the Company initiated a strategic review of its DIS business following receipt of inbound interest. At that time, the Company indicated its belief that the DIS business could command a valuation materially in excess of the Company's market capitalisation, which was approximately £120 million[1]. Since that announcement, the process has progressed with a number of highly engaged parties. The Board has taken a disciplined approach to ensure broad participation, supporting competitive tension and value maximisation. In light of the Company's current market capitalisation[2], the Board considers it appropriate to reiterate that, based on indicative levels of interest received to date, it continues to expect that any transaction, if concluded, would be at a valuation materially exceeding the Company's market capitalisation at the time of the initial announcement on 11 November 2025, with the level of engagement observed to date reinforcing this expectation. There can be no certainty that any transaction will be completed, nor as to the terms of any such transaction. Financing and Capital Structure In parallel with the strategic review, the Company is taking proactive steps to optimise its capital structure and enhance optionality in the ongoing process. The Company has mandated Pareto Securities to arrange a series of fixed income investor meetings. A related investor presentation is available on the Company's website. Current Trading The Group's trading performance in 2026 to date has been in line with expectations. The transition of the Search segment from AFD to RSOC is now substantially c...
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