Team Internet Group PLC Transaction in Own Shares (8864Q)

TIDMTIG

RNS Number : 8864Q

Team Internet Group PLC

23 October 2023

 
23 October 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 October 2023 
 it purchased 102,497 ordinary shares of GBP0.001 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 October 2023 
Number of ordinary shares purchased                                                  102,497 
Highest price paid per ordinary 
 share                                                                      123.8879 pence 
Lowest price paid per ordinary share                                        123.8879 pence 
Volume weighted average price paid per 
 ordinary share                                                             123.8879 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 18,026,772 
 shares in treasury. The total voting rights in the Company is 
 now 270,633,312 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: 
                                          Team Internet Group plc (ISIN: 
Shares purchased:                          GB00BCCW4X83) 
Date of purchases:                        20 October 2023 
 
Aggregate information: 
 
Aggregated Volume                         Volume-weighted                            Venue 
                                           average price 
                                           (pence) 
 
 
Individual transactions: 
 
Volume                                    Price                                       Time 
 
102,497                                   123.8879                                16:35 UK 
                                           pence 
 
 
 
 
Team Internet Group plc                                                 [phone] 
Michael Riedl, Chief Executive Officer 
William Green, Chief Financial Officer 
 
Zeus (NOMAD and Joint Broker) 
Nick Cowles / Jamie Peel / 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 / Alice Cho / Harry Handyside                      [e-mail] 
 / Tom Carnegie 
 
 
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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October 23, 2023 02:04 ET (06:04 GMT)