Director/PDMR Shareholding
Team Internet Group plc announced that Non-Executive Director Max Royde notified the company of a transfer of 205,166 ordinary shares out of Kestrel Partners LLP's discretionary management and control due to client portfolio rearrangements, with the beneficial owners remaining the same. Following this transaction, Kestrel Opportunities, in which Mr. Royde has a beneficial interest, continues to hold 17,926,535 shares, and other Kestrel clients hold 49,572,978 shares, resulting in Kestrel indirectly holding voting rights over a combined 67,499,513 shares, representing 27.42 per cent of the total voting rights in the Company.
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Team Internet Group plc (AIM:TIG, OTCQX:TIGXF) ("Team Internet" or the "Company") announces that it received notification from Mr. Max Royde, Non-Executive Director, that an aggregate of 205,166 ordinary shares of 0.001 pence each in the company ("Shares") have been transferred out of Kestrel Partners LLP ("Kestrel") discretionary management and control due to rearrangement of client portfolios. These Shares continue to be held by the same beneficial owners.
- Royde is a partner of, and holds a beneficial interest in, Kestrel. Mr. Royde is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in the Team Internet.
Following this transaction, Kestrel Opportunities continues to hold (and consequently Mr. Royde is deemed to have a beneficial interest in) 17,926,535 Shares in the Company, and other clients of Kestrel, in which Mr. Royde has no beneficial interest hold 49,572,978 Shares in the Company.
Kestrel's interest in the Shares in the Company is held through the following nominees:
| Nominee | No. of shares | % of total voting rights |
|---|---|---|
| Bank of New York Nominees Ltd | 17,926,535 | 7.28% |
| Bank of New York Nominees Ltd | 24,396,754 | 9.91% |
| CB NYK - CITIBANK N.A.-PRIVATE BK | 20,659,512 | 8.39% |
| Northern Trust Company AVFC | 4,401,636 | 1.79% |
| iDealing Nominees Limited | 115,076 | 0.05% |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Max Royde |
| 2 | Reason for the notification | |
| b) | Initial notification /Amendment | Initial |
| a) | Name | Team Internet Group plc |
| b) | LEI | 213800M4IINBWMXEKV82 |
| b) | Nature of the transaction | Transfer of Shares out of Kestrel controlled accounts. Mr. Royde is a partner of, and holds a beneficial interest in, Kestrel. Mr. Royde is also a shareholder in one of Kestrel's clients ("Kestrel Opportunities") and is, therefore, deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in Team Internet. |
| c) | Price(s) and volume(s) Transfer P urchase | Price(s) Volume(s) N/A 205,166 |
| d) | Aggregated information - Aggregated volume - Price | As above. |
| e) | Date of the transaction | 19 August 2026 |
| f) | Place of the transaction | London Stock Exchange |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.