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RNS Number : 5297X Team Internet Group PLC 21 December 2023
21 December 2023
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 20 December 2023 it purchased 90,955 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 20 December 2023
Number of ordinary shares purchased 90,955
Highest price paid per ordinary share 125.4156 pence
Lowest price paid per ordinary share 125.4156 pence
Volume weighted average price paid per ordinary share 125.4156 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 21,874,387 shares in
treasury. The total voting rights in the Company is now 266,785,697 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: 20 December 2023
Aggregate information:
Aggregated Volume Volume-weighted average price (pence) Venue
90,955 125.4156 London Stock Exchange
Individual transactions:
Volume Price Time
90,955 125.4156 pence 16:35 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 / 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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