Team Internet Group PLC Transaction in Own Shares (8377R)
October 31 2023 - 2:00AM
UK Regulatory
TIDMTIG
RNS Number : 8377R
Team Internet Group PLC
31 October 2023
31 October 2023
Team Internet Group plc
("Team Internet" or the "Company")
Transaction in Own Shares
Team Internet Group plc (AIM: TIG), 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
30 October 2023 it purchased 85,862 ordinary shares of GBP0.001
each in the Company (the "Repurchased Shares"), pursuant
to the share buyback programme (the "Buyback Programme")
that was announced on 15 May 2023, as follows (together the
"Transaction"):
30 October
Date of purchase 2023
Number of ordinary shares
purchased 85,862
Highest price paid per ordinary
share 123.15 pence
Lowest price paid per ordinary share 123.15 pence
Volume weighted average price paid per
ordinary share 123.15 pence
Total Voting Rights
Following the Transaction, the issued share capital of the
Company remains unchanged at 288,660,084 and the Company
now holds 18,589,968 shares in treasury. The total voting
rights in the Company is now 270,070,116 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:
Team Internet Group plc (ISIN:
Shares purchased: GB00BCCW4X83)
Date of purchases: 30 October 2023
Aggregate information:
Aggregated Volume Volume-weighted Venue
average price
(pence)
Individual transactions:
Volume Price Time
85,862 123.1500 16:35 UK
pence
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 / 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) +44 (0) 203 757 6880
Bob Huxford / Alice Cho / Harry Handyside teaminternet@secnewgate.co.uk
/ Tom Carnegie
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 the Company 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.
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END
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October 31, 2023 03:00 ET (07:00 GMT)
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