Team Internet Group PLC Transaction in Own Shares

RNS Number : 0496M

Team Internet Group PLC

13 November 2024

 

13 November 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 12 November 2024 it purchased 157,202 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		12 November 2024
Number of ordinary shares purchased		157,202
Highest price paid per ordinary share		92 pence
Lowest price paid per ordinary share		87 pence
Volume weighted average price paid per ordinary share		89.325 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 16,812,578 shares in treasury. The total voting rights in the Company is now 256,687,422 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:	12 November 2024
Aggregate information:
Aggregated Volume	Volume-weighted average price (pence)	Venue
157,202	89.3250	London Stock Exchange
Individual transactions:
Volume	Price	Time
2,479	87.0000 pence	08:18 UK
9,723	87.0000 pence	08:18 UK
5,044	88.0000 pence	11:36 UK
20,000	92.0000 pence	14:33 UK
61	90.7000 pence	14:47 UK
1,753	90.7000 pence	14:47 UK
1,753	90.7000 pence	14:47 UK
6,433	90.7000 pence	14:47 UK
255	90.4000 pence	14:47 UK
264	90.4000 pence	14:48 UK
14,481	90.4000 pence	14:48 UK
55	90.0000 pence	14:48 UK
152	90.0000 pence	14:48 UK
605	90.0000 pence	14:49 UK
1,210	90.0000 pence	14:50 UK
1,731	90.0000 pence	14:50 UK
21,247	90.0000 pence	14:50 UK
125	89.6000 pence	14:50 UK
9,875	89.6000 pence	14:50 UK
9,585	89.3000 pence	14:50 UK
415	89.3000 pence	14:50 UK
10,000	89.2000 pence	14:50 UK
4,956	88.0000 pence	15:35 UK
232	87.5000 pence	15:49 UK
4,768	87.5000 pence	15:49 UK
74	87.7000 pence	16:18 UK
9,900	87.7000 pence	16:19 UK
26	87.7000 pence	16:19 UK
1,973	87.6000 pence	16:19 UK
477	87.6000 pence	16:19 UK
3,000	87.6000 pence	16:19 UK
617	87.6000 pence	16:19 UK
583	87.6000 pence	16:19 UK
779	87.6000 pence	16:19 UK
12,571	87.6000 pence	16:19 UK
Team Internet Group plc		[phone]
Michael Riedl, Chief Executive Officer
William Green, Chief Financial Officer
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 / Harry Handyside / Tom Carnegie		[e-mail]
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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