Team Internet Group PLC Transaction in Own Shares & Rule 2.9 Announcement

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		[phone]
Michael Riedl, Chief Executive Officer
William Green, Chief Financial Officer
HSBC Bank plc (Financial Adviser)
Christopher Fincken / Andrew Owens		[phone]
Alina Vaskina (Corporate Broking)
Zeus (NOMAD and Joint Broker)
Nick Cowles / James Edis (Investment Banking)		[phone]
Dominic King (Corporate Broking)		[phone]
Berenberg (Joint Broker)		[phone]
Mark Whitmore / Richard Andrews /  Alix Mecklenburg-Solodkoff
SEC Newgate (for Media)		[phone]
Bob Huxford / Tom Carnegie / Harry Handyside		[e-mail]
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

 

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