REG - Team Internet Group - Transaction in Own Shares

Team InternetAnnouncement

25/03/2024 07:00

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RNS Number : 0597I  Team Internet Group PLC  25 March 2024

 25 March 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 22 March 2024 it purchased 70,281 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"):

 Date of purchase                                                              22 March 2024
 Number of ordinary shares purchased                                           70,281
 Highest price paid per ordinary share                                         140 pence
 Lowest price paid per ordinary share                                          140 pence
 Volume weighted average price paid per ordinary share                         140 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 28,607,401 shares in
 treasury. The total voting rights in the Company is now 260,052,683 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:                     22 March 2024

 Aggregate information:

 Aggregated Volume                      Volume-weighted average price (pence)  Venue
 70,281                                 140                                    London Stock Exchange

 Individual transactions:

 Volume                                 Price                                  Time

 70,281                                 140.0000 pence                         08:11 UK

 Team Internet Group plc                                                       +44 (0) 203 388 0600
 Michael Riedl, Chief Executive Officer
 William Green, Chief Financial Officer

 Zeus (NOMAD and Joint Brokhfser)
 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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