TEAM INTERNET GROUP PLC

Management Reports • Apr 28, 2025

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RNS Number : 4852G

Team Internet Group PLC

28 April 2025

28 April 2025

Team Internet Group plc

("Team Internet" or the "Company")

Result of AGM

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 at its Annual General Meeting ("AGM") held t oday, 28 April 2025, all resolutions were duly passed.

The full text of all the resolutions can be found in the Notice of Annual General Meeting 2025, dated 1 April 2025, 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	100.00%	0.00%	189,467,755	17,333
2. Approve Directors' Report on Remuneration	76.08%	23.92%	189,467,755	91,817
3. Re-elect Iain McDonald - Chair	99.92%	0.08%	189,467,755	23,910
4. Re-elect Michael Riedl - CEO	99.75%	0.25%	189,467,755	3,124,697
5. Re-elect Horst Siffrin - NED	95.19%	4.81%	189,467,755	23,910
6. Re-elect Max Royde - NED	80.33%	19.67%	189,467,755	23,910
7. Re-elect Sam Dayani - NED	95.28%	4.72%	189,467,755	23,910
8. Re-appointment of Auditors	99.99%	0.01%	189,467,755	17,333
9. Auditors' remuneration	100.00%	0.00%	189,467,755	17,333
10. Authority to Allot Shares	84.96%	15.04%	189,467,755	6,160
11. Authority to Dis-apply Statutory Pre-emption Rights*	84.95%	15.05%	189,467,755	6,160
12. Authority to Purchase Own Shares*	99.97%	0.03%	189,467,755	6,160
13. Capitalisation issue *	84.93%	15.07%	189,467,755	697,803
14. Capital Reduction *	84.93%	15.07%	189,467,755	755,803

*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 28 April 2025 was 273,500,000 with 27,318,711 shares in treasury. 

The Board is pleased with the increase in shareholder support for the resolutions at the AGM from previous years. However, it notes that while Resolution 2, which gave shareholders the opportunity to cast an advisory vote on the Directors' Remuneration Report for the year ended 31 December 2024, was approved, 23.92% of the votes cast were votes against Resolution 2.

Over the coming months, the Board will reflect on the result of Resolution 2, and the Remuneration & Nomination Committee looks forward to ongoing engagement with the Group's shareholders as it continues to shape the Group's future remuneration policy.

Team Internet Group plc

+44 (0) 203 388 0600

Michael Riedl, Chief Executive Officer

William Green, Chief Financial Officer

Zeus (NOMAD and Joint Broker)

Nick Cowles / 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 

SEC Newgate (for Media)

+44 (0) 203 757 6880

Bob Huxford / Tom Carnegie / Harry Handyside

[email protected]

About Team Internet Group plc

Team Internet (AIM: TIG, OTCQX: TIGXF) 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: domain name management, identity and software solutions (DIS segment) and high-growth digital advertising (Comparison and Search segments). The DIS 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 Comparison and Search segments create 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 Company's high-quality earnings come from subscription recurring revenues in the DIS segment and revenue share on rolling utility-style contracts in the Comparison and Search segments.

For more information please visit: www.teaminternet.com 

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