Team Internet Group PLC Transaction in Own Shares (5858Y)
January 04 2024 - 2:00AM
UK Regulatory
TIDMTIG
RNS Number : 5858Y
Team Internet Group PLC
04 January 2024
4 January 2024
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 3 January 2024
it purchased 73,883 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 3 January 2024
Number of ordinary shares purchased 73,883
Highest price paid per ordinary
share 118 pence
Lowest price paid per ordinary share 118 pence
Volume weighted average price paid per
ordinary share 118 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 22,505,579
shares in treasury. The total voting rights in the Company is
now 266,154,505 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: 3 January 2024
Aggregate information:
Aggregated Volume Volume-weighted Venue
average price
(pence)
73,883 118 London Stock Exchange
Individual transactions:
Volume Price Time
23,883 118.0000 pence 09:50 UK
25,000 118.0000 pence 14:13 UK
25,000 118.0000 pence 16:12 UK
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
/ Tom Carnegie teaminternet@secnewgate.co.uk
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
POSFLFVALIIVIIS
(END) Dow Jones Newswires
January 04, 2024 02:00 ET (07:00 GMT)
Team Internet (LSE:TIG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Team Internet (LSE:TIG)
Historical Stock Chart
From Jul 2023 to Jul 2024