REG - Team Internet Group - Transaction in Own Shares & Rule 2.9 Announcement
30/01/2025 07:00
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RNS Number : 1980V Team Internet Group PLC 30 January 2025
30 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 29 January 2025 it purchased 93,872 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 29 January 2025
Number of ordinary shares purchased 93,872
Highest price paid per ordinary share 108.8 pence
Lowest price paid per ordinary share 108 pence
Volume weighted average price paid per ordinary share 108.5105 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 22,821,245 shares in
treasury. The total voting rights in the Company is now 250,678,755 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 250,678,755 and holds 22,821,245
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: 29 January 2025
Individual transactions:
Volume Price Time
1 108.8000 pence 08:00 UK
63 108.8000 pence 08:00 UK
16 108.8000 pence 08:00 UK
1,000 108.8000 pence 08:00 UK
1,000 108.8000 pence 08:00 UK
500 108.8000 pence 08:00 UK
4,339 108.8000 pence 08:00 UK
5,409 108.8000 pence 12:26 UK
1,317 108.8000 pence 13:26 UK
300 108.8000 pence 13:26 UK
3,000 108.8000 pence 13:26 UK
773 108.8000 pence 13:31 UK
10 108.8000 pence 13:33 UK
699 108.8000 pence 13:44 UK
834 108.8000 pence 13:44 UK
1,898 108.8000 pence 13:44 UK
202 108.8000 pence 13:44 UK
403 108.8000 pence 13:44 UK
1,028 108.8000 pence 13:44 UK
851 108.8000 pence 13:44 UK
570 108.8000 pence 13:44 UK
388 108.8000 pence 13:44 UK
821 108.8000 pence 13:44 UK
1,000 108.8000 pence 13:44 UK
1 108.8000 pence 13:44 UK
570 108.8000 pence 13:44 UK
716 108.8000 pence 13:44 UK
19 108.8000 pence 13:44 UK
747 108.8000 pence 13:45 UK
725 108.8000 pence 13:48 UK
741 108.8000 pence 13:50 UK
732 108.8000 pence 13:51 UK
724 108.8000 pence 13:52 UK
684 108.8000 pence 13:54 UK
746 108.8000 pence 13:55 UK
2,512 108.8000 pence 13:55 UK
2,389 108.8000 pence 13:55 UK
741 108.8000 pence 13:57 UK
685 108.8000 pence 13:59 UK
741 108.8000 pence 14:01 UK
709 108.8000 pence 14:02 UK
717 108.8000 pence 14:03 UK
693 108.8000 pence 14:05 UK
737 108.8000 pence 14:06 UK
7,500 108.0000 pence 15:28 UK
1,475 108.0000 pence 15:28 UK
684 108.0000 pence 15:28 UK
691 108.0000 pence 15:28 UK
1,000 108.0000 pence 15:28 UK
2,273 108.0000 pence 15:31 UK
1,377 108.0000 pence 15:31 UK
1,939 108.2000 pence 15:51 UK
247 108.2000 pence 15:51 UK
413 108.2000 pence 15:55 UK
1,168 108.4000 pence 15:58 UK
888 108.2000 pence 15:59 UK
172 108.2000 pence 16:03 UK
1,000 108.4000 pence 16:04 UK
540 108.4000 pence 16:07 UK
1,460 108.4000 pence 16:13 UK
765 108.4000 pence 16:14 UK
25 108.4000 pence 16:14 UK
684 108.4000 pence 16:14 UK
2,732 108.4000 pence 16:14 UK
5 108.4000 pence 16:15 UK
763 108.4000 pence 16:15 UK
1,699 108.4000 pence 16:15 UK
766 108.4000 pence 16:15 UK
1 108.4000 pence 16:16 UK
972 108.4000 pence 16:21 UK
4,206 108.4000 pence 16:21 UK
889 108.4000 pence 16:21 UK
767 108.4000 pence 16:22 UK
289 108.4000 pence 16:26 UK
47 108.4000 pence 16:26 UK
1,584 108.4000 pence 16:26 UK
630 108.4000 pence 16:26 UK
652 108.4000 pence 16:28 UK
1,528 108.4000 pence 16:29 UK
2,026 108.4000 pence 16:29 UK
1,030 108.4000 pence 16:35 UK
1,656 108.4000 pence 16:35 UK
372 108.4000 pence 16:35 UK
3,071 108.4000 pence 16:35 UK
353 108.4000 pence 16:35 UK
782 108.4000 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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