REG - Team Internet Group - Commencement of Trading on OTCQX

Team InternetAnnouncement

10/04/2024 07:00

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RNS Number : 0017K  Team Internet Group PLC  10 April 2024

 

10 April 2024

 

TEAM INTERNET GROUP PLC

("Team Internet" or "the Company" or "the Group")

 

Commencement of Trading on OTCQX

Team Internet Group Plc (AIM: TIG), the global internet company that generates
recurring revenue from creating meaningful and successful connections:
business to domains, brands to consumers, publishers to advertisers, is
pleased to announce that its ordinary shares have begun trading on the OTCQX®
Best Market ("OTCQX") under the symbol "TIGXF".

OTCQX is the premier tier of OTC Markets where more than 12,000 US and global
securities trade. Trading on OTCQX will significantly enhance Team Internet's
visibility and accessibility in the world's largest capital market.

The US has traditionally been the most significant market for Team Internet
and the verticals in which the Company operates are generally well understood
by US investors. As such, Team Internet has received interest from numerous US
investors in the past and, in recent months, has hosted several meetings with
US investors.

Team Internet shares are now available to US investors during US trading hours
and priced in US dollars, dramatically simplifying the process of investing in
the Company for US investors. Team Internet's ordinary shares will continue to
trade on AIM under the symbol "TIG".

Michael Riedl, CEO, of Team Internet, commented:  "As we mark the beginning
of our trading on OTCQX, we are not just opening a new chapter for Team
Internet. We reinforce our commitment to enhancing shareholder value and
expanding our footprint in the United States, a market that represents nearly
50% of our revenue. This move reflects our robust performance and the investor
confidence we have been fortunate to build, especially within the US, over the
past year. We recognise the importance of making our shares more accessible
and appealing to US investors, and qualifying to trade on OTCQX is a strategic
step in that direction. We are eager to welcome new investors and invite them
to join us in this exciting journey."

Please see below a link to Michael Riedl's interview with Proactive at their
OTC studio in New York City to mark the Company's debut trading on OTCQX under
the ticker symbol "TIGXF".

https://teaminternet.com/investors/otcqx-announcement/
(https://teaminternet.com/investors/otcqx-announcement/)

 

 

For further information:

 

 Team Internet Group Plc
 Michael Riedl, Chief Executive Officer                        +44 (0) 203 388 0600
 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)
 Mark Whitmore / Richard Andrews / Alix Mecklenburg-Solodkoff  +44 (0) 203 207 7800

 SEC Newgate (for Media)                                       teaminternet@secnewgate.co.uk (mailto:teaminternet@secnewgate.co.uk)
 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
(http://www.teaminternet.com)

 

 

 

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