Team Internet Group PLC Transaction in Own Shares (1225U)
November 21 2023 - 2:30AM
UK Regulatory
TIDMTIG
RNS Number : 1225U
Team Internet Group PLC
21 November 2023
21 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 20 November 2023 it purchased 88,645 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"):
20 November
Date of purchase 2023
Number of ordinary shares
purchased 88,645
Highest price paid per
ordinary share 116.5279 pence
Lowest price paid per ordinary share 116.5279 pence
Volume weighted average price paid
per ordinary share 116.5279 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 19,822,990 shares in treasury. The total voting
rights in the Company is now 268,837,094 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: 20 November 2023
Aggregate information:
Aggregated Volume Volume-weighted Venue
average price
(pence)
88,645 116.5279 London Stock Exchange
Individual transactions:
Volume Price Time
88,645 116.5279 16:36 UK
pence
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 / Jamie Peel / 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 / Alice Cho / Harry Handyside teaminternet@secnewgate.co.uk
/ 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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END
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November 21, 2023 02:30 ET (07:30 GMT)
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