REG - Team Internet Group - Transaction in Own Shares
17/09/2024 07:00
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RNS Number : 4809E Team Internet Group PLC 17 September 2024
17 September 2024
Team Internet Group plc
("Team Internet" or the "Company")
Transaction in Own Shares
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 on 16 September 2024 it purchased 20,637 ordinary
shares of £0.001 each in the Company (the "Repurchased Shares"), pursuant to
the share buyback programme (the "Buyback Programme") that was announced on 9
September 2024, as follows (together the "Transaction"):
Date of purchase 16 September 2024
Number of ordinary shares purchased 20,637
Highest price paid per ordinary share 135.4 pence
Lowest price paid per ordinary share 133 pence
Volume weighted average price paid per ordinary share 134.4642 pence
Total Voting Rights
Following the Transaction, the issued share capital of the Company remains
unchanged at 273,500,000 and the Company now holds 14,390,264 shares in
treasury. The total voting rights in the Company is now 259,109,736 which may
be used by shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change
to their interest in, Team Internet under the FCA's Disclosure Guidance and
Transparency Rules.
The Company will make further announcements in due course following the
completion of any further purchases pursuant to the Buyback Programme.
In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No
596/2014 details of the purchase of its own ordinary shares by the Company,
which were all executed through the Company's broker, Zeus Capital Limited,
are set out below:
Schedule of Purchases:
Shares purchased: Team Internet Group plc (ISIN: GB00BCCW4X83)
Date of purchases: 16 September 2024
Aggregate information:
Aggregated Volume Volume-weighted average price (pence) Venue
134.4642 London Stock Exchange
20,637
Individual transactions:
Volume Price Time
520 134.2000 pence UK
117 133.0000 pence UK
1239 133.6000 pence UK
800 133.6000 pence UK
522 133.8000 pence UK
1 133.8000 pence UK
50 133.8000 pence UK
5 133.8000 pence UK
67 133.8000 pence UK
863 133.8000 pence UK
104 133.8000 pence UK
831 133.8000 pence UK
255 133.8000 pence UK
3 133.8000 pence UK
260 133.8000 pence UK
5000 134.0000 pence UK
4716 134.8000 pence UK
284 134.8000 pence UK
263 135.4000 pence UK
549 135.4000 pence UK
3188 135.4000 pence UK
1000 135.4000 pence UK
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 /
Alix Mecklenburg-Solodkoff
SEC Newgate (for Media) +44 (0) 203 757 6880
Bob Huxford / Harry Handyside / Tom Carnegie teaminternet@secnewgate.co.uk
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: 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
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