TIDMTIG

RNS Number : 1225U

Team Internet Group PLC

21 November 2023

 
 21 November 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 20 November 2023 it purchased 88,645 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"): 
 
                                                            20 November 
 Date of purchase                                            2023 
 Number of ordinary shares 
  purchased                                                 88,645 
 Highest price paid per 
  ordinary share                                            116.5279 pence 
 Lowest price paid per ordinary share                       116.5279 pence 
 Volume weighted average price paid 
  per ordinary share                                        116.5279 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 19,822,990 shares in treasury. The total voting 
  rights in the Company is now 268,837,094 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:               20 November 2023 
 
 Aggregate information: 
 
 Aggregated Volume                Volume-weighted          Venue 
                                   average price 
                                   (pence) 
 88,645                           116.5279                 London Stock Exchange 
 
 Individual transactions: 
 
 Volume                           Price                    Time 
 
  88,645                          116.5279                  16:36 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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(END) Dow Jones Newswires

November 21, 2023 02:30 ET (07:30 GMT)

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