TIG Team Internet Group Plc

TIDMTIG

RNS Number : 5858Y

Team Internet Group PLC

04 January 2024

 
 4 January 2024 
                                      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 3 January 2024 
  it purchased 73,883 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"): 
 
 Date of purchase                                                    3 January 2024 
 Number of ordinary shares purchased                                 73,883 
 Highest price paid per ordinary 
  share                                                              118 pence 
 Lowest price paid per ordinary share                                118 pence 
 Volume weighted average price paid per 
  ordinary share                                                     118 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 22,505,579 
  shares in treasury. The total voting rights in the Company is 
  now 266,154,505 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:                       3 January 2024 
 
 Aggregate information: 
 
 Aggregated Volume                        Volume-weighted           Venue 
                                           average price 
                                           (pence) 
 73,883                                   118                       London Stock Exchange 
 
 Individual transactions: 
 
 Volume                                   Price                     Time 
 
  23,883                                  118.0000 pence             09:50 UK 
  25,000                                  118.0000 pence             14:13 UK 
  25,000                                  118.0000 pence             16:12 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 / 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 
  / Tom Carnegie                                                      teaminternet@secnewgate.co.uk 
 
 
 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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January 04, 2024 02:00 ET (07:00 GMT)

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