Audited Annual Report 2023
Notice of Q1 2024 Results
Notice of Annual General Meeting
and
Dividend Timetable
A record year for revenue, adjusted EBITDA and profit after tax
LONDON, UK / ACCESSWIRE / March 18, 2024 / 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 its audited annual report for the financial year 2023 is now available on the Group's website at the following link: https://teaminternet.com/annual-interim-reports/. The annual report will shortly be posted to those shareholders who have opted to receive a hard copy.
Financial summary:
Operational and corporate highlights
Notice of Q1 2024 Results
The Company further announces that it will publish its results for the three months ended 31 March 2024 on Monday 13 May 2024.
Annual General Meeting
The Company also announces that its 2024 Annual General Meeting ("AGM) will be held at 09.00 GMT on Thursday, 18 April 2024 at the Company's registered office at 4th Floor, Saddlers House, 44 Gutter Lane, London, ECV 6BR. The notice of AGM document will shortly be available on the Company's website at https://teaminternet.com/constitutional-documents-and-circulars/
The Company is offering facilities for shareholders to attend by conference call to ask questions in real time should they wish to do so.
Shareholders will be able to follow the proceeding of the AGM over the online Investor Meet Company platform by registering in advance via the following link: https://www.investormeetcompany.com/team-internet-group-plc/register-investor
Shareholders who already follow TEAM INTERNET GROUP PLC on the Investor Meet Company platform will automatically be invited.
Shareholders are invited to submit any questions in respect of the meeting for the Board to consider. Questions may be submitted in advance up until 09:00 GMT the day before the meeting or during the meeting over the Investor Meet Company platform following registration, and the Board will aim to respond to any such questions relevant to the business of the meeting.
Shareholders taking part via the Investor Meet Company platform will not be able to speak or vote on the AGM resolutions. Shareholders are therefore strongly encouraged to exercise their voting rights by completing and submitting a Form of Proxy. It is highly recommended that Shareholders submit their Form of Proxy as early as possible to ensure that their votes are counted at the AGM. Shareholders are strongly encouraged to appoint the Chairman as your proxy to ensure that each Shareholder's vote will be counted in the event of restrictions on shareholders and proxies attending the AGM in person.
Dividend Timetable
Team Internet is proposing a final dividend of 2.0p per share to be approved at the AGM as the next step in the Group's plan to return cash to shareholders. The dividend will be payable on 28 May 2024 for shareholders on the Company's register of members at close of business on 26 April 2024.
Michael Riedl, CEO of Team Internet, commented: "This year has been a milestone for us with our revenues growing by 15% to USD 837 million, and our adjusted EBITDA increasing by 12% to USD 96 million. We have also seen a significant breakthrough in bottom-line profitability, delivering a profit after tax of USD 24.3 million, a notable improvement from the USD 2.1 million loss after tax in 2022."
For further information:
Team Internet Group Plc | +44 (0) 203 388 0600 |
Michael Riedl, Chief Executive Officer | |
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) | +44 (0) 203 207 7800 |
Mark Whitmore / Richard Andrews / Alix Mecklenburg-Solodkoff | |
SEC Newgate (for Media) | |
Bob Huxford / Alice Cho / Harry Handyside / Tom Carnegie | +44 (0) 203 757 6880 |
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http://www.rns-pdf.londonstockexchange.com/rns/2043H_1-2024-3-18.pdf
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SOURCE: Team Internet Group PLC
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