Team Internet Group PLC Transaction in Own Shares
March 27 2024 - 2:00AM
RNS Regulatory News
RNS Number : 4832I
Team Internet Group PLC
27 March 2024
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27 March 2024
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Team Internet Group
plc
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("Team
Internet" or the "Company")
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Transaction in Own
Shares
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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 26 March 2024 it purchased 70,994 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 15 May 2023, as follows (together the
"Transaction"):
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Date of purchase
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26 March 2024
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Number of ordinary shares
purchased
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70,994
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Highest price paid per ordinary
share
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144 pence
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Lowest price paid per ordinary
share
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141.4661 pence
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Volume weighted average price paid
per ordinary share
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142.6796 pence
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Total Voting Rights
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Following the Transaction, the
issued share capital of the Company remains unchanged at
288,660,084 and the Company now holds 28,744,389 shares in
treasury. The total voting rights in the Company is now 259,915,695
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.
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The Company will make further
announcements in due course following the completion of any further
purchases pursuant to the Buyback Programme.
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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:
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Schedule of Purchases:
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Shares
purchased:
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Team Internet Group plc (ISIN:
GB00BCCW4X83)
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Date of
purchases:
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26 March 2024
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Aggregate information:
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Aggregated Volume
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Volume-weighted average price (pence)
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Venue
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70,994
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142.6796
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London Stock Exchange
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Individual transactions:
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Volume
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Price
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Time
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36,995
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141.4661 pence
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16:17 UK
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33,999
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144.0000 pence
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16:35 UK
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Team Internet Group plc
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+44 (0)
203 388 0600
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Michael Riedl, Chief Executive
Officer
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William Green, Chief Financial
Officer
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Zeus (NOMAD and Joint Broker)
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Nick Cowles / Jamie Peel / James
Edis (Investment Banking)
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+44 (0)
161 831 1512
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Dominic King (Corporate
Broking)
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+44 (0)
203 829 5000
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Berenberg (Joint Broker)
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+44 (0) 203
207 7800
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Mark Whitmore / Richard Andrews /
Alix Mecklenburg-Solodkoff
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SEC
Newgate (for Media)
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+44 (0)
203 757 6880
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Bob Huxford / Alice Cho / Harry
Handyside / Tom Carnegie
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teaminternet@secnewgate.co.uk
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About Team Internet Group plc
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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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