Team Internet Group PLC Outcome of Court Hearing on Capital Reduction (0466W)
08 Diciembre 2023 - 1:00AM
UK Regulatory
TIDMTIG
RNS Number : 0466W
Team Internet Group PLC
08 December 2023
8 December 2023
Team Internet Group Plc
("the Company")
Outcome of Court Hearing on Capital Reduction
Team Internet Group Plc (AIM: TIG), 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 the proposed cancellation
of its share premium account (the "Capital Reduction"), details of
which were set out in the circular published by the Company on 7
September 2023 and which was approved by shareholders on 28
September 2023, was sanctioned earlier this week by the High Court
of Justice of England and Wales (the "Court").
The Court order confirming the Capital Reduction and a statement
of capital approved by the Court in connection therewith will be
sent to the Registrar of Companies shortly. The Capital Reduction
will become effective upon the registration of the Court order and
associated statement of capital by the Registrar of Companies.
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 / Jamie Peel / 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
teami nterne t@secnewgate.co.uk
SEC Newgate (for Media)
Bob Huxford / Alice Cho / Harry Handyside
/ Tom Carnegie +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
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END
CARFLFFIFFLDIIV
(END) Dow Jones Newswires
December 08, 2023 02:00 ET (07:00 GMT)
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