REG - Team Internet Group - Transaction in Own Shares

Team InternetAnnouncement

11/03/2025 07:15

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RNS Number : 0953A  Team Internet Group PLC  11 March 2025

 11 March 2025
 Team Internet Group plc

 ("Team Internet" or the "Company")

 Transaction in Own Shares

 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 10 March 2025 it purchased 20,000 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                                                                   10 March 2025
 Number of ordinary shares purchased                                                20,000
 Highest price paid per ordinary share                                              58 pence
 Lowest price paid per ordinary share                                               58 pence
 Volume weighted average price paid per ordinary share                              58 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 25,124,997 shares in
 treasury. The total voting rights in the Company is now 248,375,003 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:                                   10 March 2025

 Individual transactions:

 Volume                                               Price                        Time
 2,000                                                58.0000 pence                 12:03 UK
 8,000                                                58.0000 pence                 12:03 UK
 2,421                                                58.0000 pence                 12:03 UK
 2,000                                                58.0000 pence                 12:03 UK
 2,161                                                58.0000 pence                 12:03 UK
 132                                                  58.0000 pence                 12:03 UK
 3,286                                                58.0000 pence                 12:03 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 / 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

 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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