RNS Number : 0337J
Team Internet Group PLC
22 October 2024
 





22 October 2024




Team Internet Group plc

 




("Team Internet" or the "Company")





Transaction in Own Shares

 








Team Internet Group plc (AIM: TIG, OTCQX: TIGXF), 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 21 October 2024 it purchased 76,382 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 9 September 2024, as follows (together the "Transaction"):





Date of purchase


 21 October 2024


Number of ordinary shares purchased


 76,382

Highest price paid per ordinary share


 130.6 pence


Lowest price paid per ordinary share

 128 pence


Volume weighted average price paid per ordinary share

 128.8218 pence






Total Voting Rights

 







Following the Transaction, the issued share capital of the Company remains unchanged at 273,500,000 and the Company now holds 15,762,033 shares in treasury. The total voting rights in the Company is now 257,737,967 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:        

21 October 2024






Aggregate information:

 






Aggregated Volume

Volume-weighted average price (pence)

Venue

 

 76,382

128.8218

London Stock Exchange





Individual transactions:

 






Volume

Price

Time

 

933

129.8000 pence

 08:50 UK


76

129.8000 pence

 08:50 UK


1,303

129.8000 pence

 08:50 UK


1,488

130.0000 pence

 08:51 UK


2,640

130.0000 pence

 08:51 UK


1,942

129.4000 pence

 09:50 UK


1,000

129.0000 pence

 09:55 UK


2,209

129.0000 pence

 09:55 UK


190

129.0000 pence

 09:56 UK


644

129.0000 pence

 09:57 UK


692

129.0000 pence

 09:57 UK


1,834

129.0000 pence

 10:06 UK


1,398

128.6000 pence

 10:26 UK


1,384

128.6000 pence

 10:26 UK


325

128.6000 pence

 10:26 UK


1,893

128.6000 pence

 10:26 UK


950

128.6000 pence

 10:27 UK


1,380

128.6000 pence

 10:27 UK


215

129.0000 pence

 10:57 UK


1,333

129.0000 pence

 10:57 UK


1,122

129.0000 pence

 11:02 UK


228

128.6000 pence

 11:20 UK


700

128.6000 pence

 11:20 UK


503

128.6000 pence

 11:20 UK


2,277

128.6000 pence

 11:27 UK


624

128.6000 pence

 11:27 UK


992

128.6000 pence

 11:27 UK


65

130.6000 pence

 12:52 UK


1,379

130.6000 pence

 12:52 UK


1,056

130.6000 pence

 12:52 UK


1,726

129.2000 pence

 13:02 UK


596

129.2000 pence

 13:02 UK


429

129.0000 pence

 13:07 UK


856

129.0000 pence

 13:07 UK


2,205

129.0000 pence

 13:07 UK


2,795

129.0000 pence

 13:09 UK


362

129.0000 pence

 13:16 UK


947

129.0000 pence

 13:16 UK


1,892

129.0000 pence

 13:24 UK


1,300

128.8000 pence

 13:29 UK


499

128.8000 pence

 13:29 UK


2,245

128.6000 pence

 14:15 UK


1,152

128.4000 pence

 15:12 UK


1,603

128.4000 pence

 15:12 UK


79

128.0000 pence

 15:23 UK


1,508

128.0000 pence

 15:23 UK


27

128.0000 pence

 15:23 UK


2,627

128.0000 pence

 15:35 UK


2,373

128.0000 pence

 15:35 UK


602

128.0000 pence

 15:35 UK


622

128.6000 pence

 15:46 UK


62

128.6000 pence

 15:46 UK


2,100

128.6000 pence

 15:46 UK


64

128.6000 pence

 15:55 UK


1,863

128.6000 pence

 15:55 UK


696

128.6000 pence

 15:55 UK


2,377

128.8000 pence

 16:19 UK


5,000

128.6000 pence

 16:24 UK


5,000

128.0000 pence

 16:24 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 / 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 / Harry Handyside / Tom Carnegie

teaminternet@secnewgate.co.uk









About Team Internet Group plc

 






Team Internet (AIM: TIG, OTCQX: TIGXF) 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 Team Internet 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.
 

For more information please visit: www.teaminternet.com








 

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