Apex Fundrock's Position Disclosure on Team Internet Group

Apex Fundrock Limited, via Chelverton Asset Management, has released their Opening Position Disclosure concerning Team Internet Group PLC. This disclosure is pursuant to Rule 8.3 of the Takeover Code, applicable to those holding interests amounting to 1% or greater in relevant securities.

As of January 9, 2025, Chelverton Asset Management holds 5,938,100 ordinary shares, representing a 2.36% stake in Team Internet Group PLC. The disclosure forms part of a public filing, stating there are no cash-settled derivatives or stock-settled derivatives linked to these securities. Chelverton has also declared no rights to subscribe for new securities within Team Internet Group.

Furthermore, Chelverton confirmed the absence of indemnity arrangements, option agreements, or any understandings involving relevant securities voting rights or derivative references. The disclosure is strictly related to Team Internet Group PLC without involving other parties in the offer.