Result of AGM

Team Internet Group PLC

19 April 2024

 

19 April 2024
Team Internet Group plc
("Team Internet" or the "Company")
Result of AGM 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 at its Annual General Meeting held yesterday, 18 April 2024, all resolutions were duly passed. The full text of all the resolutions can be found in the Notice of Annual General Meeting 2024, dated 18 March 2024, a copy of which is available on the Company's website at https://teaminternet.com/constitutional-documents-and-circulars/ The results of the voting were as follows: % of votes in favour % of votes against Total votes Votes withheld 1. Receive the Report of Directors and Audited Accounts 100% 0% 166,002,665 1,173 2. Approve the final dividend 100% 0% 166,002,665 1,173 3. Approve Directors' Report on Remuneration 70.44% 29.56% 165,865,238 138,600 4. Re-elect Sam Dayani - NED 86.99% 13.01% 162,770,863 3,232,975 5. Election of Marie Holive - NED 99.93% 0.07% 165,998,196 5,642 6. Appointment of Auditors 99.99% 0.01% 165,992,665 11,173 7. Auditors' remuneration 100% 0.00% 166,002,665 1,173 8. Authority to Allot Shares 82.51% 17.49% 166,002,665 1,173 9. Authority to Dis-apply Statutory Pre-emption Rights* 80.13% 19.87% 166,003,838 0 10. Authority to Purchase Own Shares* 99.99% 0.01% 166,002,665 1,173 *Special resolution Notes: 1.  Proxy appointments which gave discretion to the Chairman of the AGM have been included in the "For" total for the appropriate resolution. 2.  Votes "For" and "Against" any resolution are expressed as a percentage of votes validly cast for that resolution. 3.  A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against". 4.  The number of shares in issue on 18 April 2024 was 287,900,000 with 28,670,711 shares in treasury.  The Board note that resolutions 3, 8 and 9 continued to have some level of opposition. The Board will continue to engage with shareholders to understand their concerns and will seek to address the primary causes of shareholders' opposition to these resolutions.
Team Internet Group plc			[phone]
Michael Riedl, Chief Executive Officer
William Green, Chief Financial Officer
Zeus (NOMAD and Joint Broker)
Nick Cowles / Jamie Peel / James Edis (Investment Banking)			[phone]
Dominic King (Corporate Broking)			[phone]
Berenberg (Joint Broker)			[phone]
Mark Whitmore / Richard Andrews / Alix Mecklenburg-Solodkoff
SEC Newgate (for Media)			[phone]
Bob Huxford / Alice Cho / Harry Handyside / Tom Carnegie			[e-mail]
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 the Company 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.

 

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