Last checked at 10 Apr 2024 07:00
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/
For further information:
Team Internet Group Plc | |
Michael Riedl, Chief Executive Officer | +44 (0) 203 388 0600 |
William Green, Chief Financial Officer | |
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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 |
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Berenberg (Joint Broker) | |
Mark Whitmore / Richard Andrews / Alix Mecklenburg-Solodkoff | +44 (0) 203 207 7800 |
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SEC Newgate (for Media) | 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