Team Internet Group PLC Transaction in Own Shares (8645Y)
January 08 2024 - 1:00AM
UK Regulatory
TIDMTIG
RNS Number : 8645Y
Team Internet Group PLC
08 January 2024
8 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
5 January 2024 it purchased 81,277 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 5 January 2024
Number of ordinary shares
purchased 81,277
Highest price paid per ordinary
share 114.1 pence
Lowest price paid per ordinary share 113.3041 pence
Volume weighted average price paid per
ordinary share 113.4534 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 22,663,220 shares in treasury. The total voting rights
in the Company is now 265,996,864 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: 5 January 2024
Aggregate information:
Aggregated Volume Volume-weighted Venue
average price
(pence)
81,277 113.4534 London Stock Exchange
Individual transactions:
Volume Price Time
66,035 113.3041 pence 15:03 UK
15,242 114.1000 pence 15:12 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 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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