Team Internet Group PLC Transaction in Own Shares (4634T)

TIDMTIG

RNS Number : 4634T

Team Internet Group PLC

15 November 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 14 November 2023 
  it purchased 85,077 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"): 
 
                                                                   14 November 
 Date of purchase                                                   2023 
 Number of ordinary shares purchased                               85,077 
 Highest price paid per ordinary 
  share                                                            118.1462 pence 
 Lowest price paid per ordinary share                              118.1462 pence 
 Volume weighted average price paid per ordinary 
  share                                                            118.1462 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 19,472,991 
  shares in treasury. The total voting rights in the Company is 
  now 269,187,093 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:                           14 November 2023 
 
 Aggregate information: 
 
 Aggregated Volume                            Volume-weighted     Venue 
                                               average price 
                                               (pence) 
 85,077                                       118.1462            London Stock Exchange 
 
 Individual transactions: 
 
 Volume                                       Price               Time 
 
  85,077                                      118.1462 pence       16:35 UK 
 
 
 
 
 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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November 15, 2023 02:00 ET (07:00 GMT)