REG - Team Internet Group - Transaction in Own Shares & Rule 2.9 Announcement
28/01/2025 07:00
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RNS Number : 8677U Team Internet Group PLC 28 January 2025
28 January 2025
Team Internet Group plc
("Team Internet" or the "Company")
Transaction in Own Shares
and
Rule 2.9 Announcement
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 27 January 2025 it purchased 150,504 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 27 January 2025
Number of ordinary shares purchased 150,504
Highest price paid per ordinary share 110 pence
Lowest price paid per ordinary share 106 pence
Volume weighted average price paid per ordinary share 108.5576 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 22,598,340 shares in
treasury. The total voting rights in the Company is now 250,901,660 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.
The Company announced on 7 January 2025 that it had entered into an offer
period. The ordinary shares are relevant securities of Team Internet for the
purposes of Rule 8 of The City Code on Takeovers and Mergers (the "Code"). In
accordance with Rule 2.9 of the Code, Team Internet therefore confirms that
the total voting rights in the Company is now 250,901,660 and holds 22,598,340
shares in treasury. The ISIN reference number for these shares is
GB00BCCW4X83.
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: 27 January 2025
Individual transactions:
Volume Price Time
106 110.0000 pence 08:00 UK
1,000 110.0000 pence 08:00 UK
414 110.0000 pence 08:00 UK
2,000 110.0000 pence 08:00 UK
1,802 110.0000 pence 08:00 UK
182 110.0000 pence 08:00 UK
906 109.8000 pence 08:01 UK
1,165 109.8000 pence 08:01 UK
3,749 109.8000 pence 08:01 UK
200 109.8000 pence 08:01 UK
158 109.8000 pence 08:03 UK
2,500 109.8000 pence 08:10 UK
400 109.8000 pence 08:10 UK
922 109.8000 pence 08:11 UK
2,000 110.0000 pence 09:25 UK
4,121 110.0000 pence 09:34 UK
17 110.0000 pence 10:04 UK
4,983 110.0000 pence 10:04 UK
1,500 109.4000 pence 10:04 UK
780 109.4000 pence 10:04 UK
3,951 109.4000 pence 10:04 UK
1,322 109.2000 pence 10:05 UK
4,087 109.2000 pence 10:05 UK
858 109.0000 pence 10:05 UK
3,733 109.0000 pence 10:05 UK
413 108.4000 pence 10:05 UK
1,355 108.4000 pence 10:05 UK
63 108.4000 pence 10:33 UK
1 108.4000 pence 10:42 UK
974 108.4000 pence 10:59 UK
2,030 108.6000 pence 11:01 UK
3,379 108.6000 pence 11:01 UK
947 108.4000 pence 11:01 UK
3,337 108.4000 pence 11:01 UK
2,648 108.2000 pence 11:01 UK
100 108.2000 pence 11:02 UK
4,491 108.2000 pence 11:02 UK
993 108.0000 pence 11:02 UK
1,260 108.2000 pence 11:02 UK
1,183 108.2000 pence 11:02 UK
2,557 108.2000 pence 11:02 UK
854 108.0000 pence 11:05 UK
733 108.0000 pence 11:23 UK
5,000 108.2000 pence 11:42 UK
400 108.2000 pence 11:58 UK
816 108.0000 pence 11:58 UK
957 108.0000 pence 12:18 UK
754 108.0000 pence 12:35 UK
73 108.0000 pence 13:02 UK
2,730 108.0000 pence 13:23 UK
1,900 109.0000 pence 13:40 UK
122 109.0000 pence 13:40 UK
73 109.0000 pence 13:40 UK
916 109.0000 pence 13:40 UK
1,500 109.0000 pence 13:40 UK
89 109.0000 pence 13:40 UK
929 109.0000 pence 14:03 UK
2,400 109.0000 pence 14:20 UK
2,800 109.0000 pence 14:29 UK
594 109.0000 pence 14:29 UK
4,000 109.4000 pence 14:50 UK
591 109.4000 pence 14:50 UK
5,409 109.0000 pence 14:56 UK
636 109.0000 pence 15:10 UK
5,100 109.0000 pence 15:11 UK
764 109.0000 pence 15:11 UK
1,288 108.6000 pence 15:11 UK
5,062 108.6000 pence 15:11 UK
3,650 108.4000 pence 15:11 UK
5,000 108.2000 pence 15:13 UK
1,777 108.2000 pence 15:13 UK
10,000 106.8000 pence 15:32 UK
1,392 106.8000 pence 15:49 UK
1,319 106.8000 pence 15:58 UK
2,289 107.0000 pence 16:09 UK
5,309 106.8000 pence 16:09 UK
163 106.0000 pence 16:27 UK
1,771 106.0000 pence 16:27 UK
1,406 106.0000 pence 16:29 UK
1,351 106.2000 pence 16:35 UK
Team Internet Group plc +44 (0) 203 388 0600
Michael Riedl, Chief Executive Officer
William Green, Chief Financial Officer
HSBC Bank plc (Financial Adviser)
Christopher Fincken / Andrew Owens +44 (0) 20 7991 8888
Alina Vaskina (Corporate Broking)
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 / Tom Carnegie / Harry Handyside teaminternet@secnewgate.co.uk
Important Notices
HSBC Bank plc is authorised by the PRA and regulated by the FCA and the PRA in
the United Kingdom and is acting exclusively for Team Internet and no one else
in connection with the possible offer and other matters referred to in this
announcement and will not regard any other person (whether or not a recipient
of this announcement) as a client in relation to the possible offer or any
other matters referred to in this announcement and is not, and will not be,
responsible to anyone other than Team Internet for providing the protections
afforded to its clients or for providing advice in relation to the possible
offer, the contents of this announcement or any transaction or arrangement
referred to in this announcement.
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 (http://www.teaminternet.com/)
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