RNS Number : 6634E
Team Internet Group PLC
18 September 2024
 





18 September 2024




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 17 September 2024 it purchased 50,000 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


 17 September 2024


Number of ordinary shares purchased


 50,000

Highest price paid per ordinary share


 134.8 pence


Lowest price paid per ordinary share

 131.8 pence


Volume weighted average price paid per ordinary share

 132.9049 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 14,440,264 shares in treasury. The total voting rights in the Company is now 259,059,736 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:        

17 September 2024






Aggregate information:

 






Aggregated Volume

Volume-weighted average price (pence)

Venue

 

                                                                          50,000

132.9049

   London Stock Exchange





Individual transactions:

 






Volume

Price

Time

 

75

133.6000 pence

  UK


222

133.4000 pence

  UK


355

133.4000 pence

  UK


153

133.4000 pence

  UK


238

133.4000 pence

  UK


236

133.4000 pence

  UK


195

132.6000 pence

  UK


1,022

132.6000 pence

  UK


4

132.6000 pence

  UK


4,819

133.4000 pence

  UK


220

133.4000 pence

  UK


251

133.4000 pence

  UK


1,600

133.4000 pence

  UK


610

133.4000 pence

  UK


399

133.4000 pence

  UK


1,600

133.4000 pence

  UK


252

133.4000 pence

  UK


250

133.4000 pence

  UK


213

132.8000 pence

  UK


238

132.8000 pence

  UK


172

132.8000 pence

  UK


246

132.8000 pence

  UK


243

132.8000 pence

  UK


235

132.8000 pence

  UK


315

132.8000 pence

  UK


307

132.8000 pence

  UK


246

132.8000 pence

  UK


377

132.8000 pence

  UK


170

132.8000 pence

  UK


3

132.8000 pence

  UK


96

132.8000 pence

  UK


242

132.8000 pence

  UK


216

132.8000 pence

  UK


655

132.0000 pence

  UK


281

132.4000 pence

  UK


800

132.4000 pence

  UK


761

132.4000 pence

  UK


206

132.4000 pence

  UK


971

133.0000 pence

  UK


56

133.0000 pence

  UK


391

133.0000 pence

  UK


1,766

133.0000 pence

  UK


389

133.0000 pence

  UK


1,200

133.0000 pence

  UK


247

133.0000 pence

  UK


232

133.0000 pence

  UK


125

132.4000 pence

  UK


4,214

131.8000 pence

  UK


1,100

132.4000 pence

  UK


121

131.8000 pence

  UK


450

132.8000 pence

  UK


1

132.8000 pence

  UK


177

132.8000 pence

  UK


510

132.8000 pence

  UK


56

132.8000 pence

  UK


217

132.8000 pence

  UK


240

132.8000 pence

  UK


1,514

131.8000 pence

  UK


1,087

133.2000 pence

  UK


738

133.2000 pence

  UK


189

133.2000 pence

  UK


245

133.2000 pence

  UK


241

133.2000 pence

  UK


4,526

132.2000 pence

  UK


3,106

133.2000 pence

  UK


1,565

133.2000 pence

  UK


329

133.2000 pence

  UK


576

133.6000 pence

  UK


1,685

133.6000 pence

  UK


100

133.6000 pence

  UK


2,196

133.6000 pence

  UK


474

134.8000 pence

  UK


174

133.6000 pence

  UK


269

134.0000 pence

  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 / Harry Handyside / Tom Carnegie

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








 

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