REG - Team Internet Group - Transaction in Own Shares & Rule 2.9 Announcement

Team InternetAnnouncement

31/01/2025 07:00

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RNS Number : 4368V  Team Internet Group PLC  31 January 2025

 31 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 30 January 2025 it purchased 34,707 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                                                                   30 January 2025
 Number of ordinary shares purchased                                                34,707
 Highest price paid per ordinary share                                              108.4 pence
 Lowest price paid per ordinary share                                               108.4 pence
 Volume weighted average price paid per ordinary share                              108.4 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 22,855,952 shares in
 treasury. The total voting rights in the Company is now 250,644,048 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 250,644,048 and holds 22,855,952
 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:                                   30 January 2025

 Individual transactions:

 Volume                                               Price                        Time
 253                                                  108.4000 pence                08:03 UK
 1,000                                                108.4000 pence                08:03 UK
 330                                                  108.4000 pence                08:10 UK
 1,000                                                108.4000 pence                08:10 UK
 21,570                                               108.4000 pence                08:48 UK
 3,209                                                108.4000 pence                10:13 UK
 2,385                                                108.4000 pence                10:13 UK
 824                                                  108.4000 pence                10:13 UK
 2,136                                                108.4000 pence                10:13 UK
 39                                                   108.4000 pence                15:45 UK
 1,898                                                108.4000 pence                15:54 UK
 63                                                   108.4000 pence                16:19 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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