Exercise of Options
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your TIG notes
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 P eriod | 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.
| 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 |
| a) | Name | Team Internet Group plc |
| b) | LEI | 213800M4IINBWMXEKV82 |
| 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 & Sale |
| c) | Price(s) and volume(s) | Exercise of share option Price(s) Volume(s) Nil Nil 12,120 7,085 |
| 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 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.