Team Internet Group PLC Transaction in Own Shares (5232Z)

TIDMTIG

RNS Number : 5232Z

Team Internet Group PLC

12 January 2024

 
 12 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 11 January 2024 it 
  purchased 134,531 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                                                        11 January 2024 
 Number of ordinary shares purchased                                     134,531 
 Highest price paid per ordinary 
  share                                                                  120.8679 pence 
 Lowest price paid per ordinary share                                    118 pence 
 Volume weighted average price paid per ordinary 
  share                                                                  119.967 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 23,104,915 
  shares in treasury. The total voting rights in the Company is 
  now 265,555,169 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:                           11 January 2024 
 
 Aggregate information: 
 
 Aggregated Volume                            Volume-weighted           Venue 
                                               average price 
                                               (pence) 
 134,531                                      119.967                   London Stock Exchange 
 
 Individual transactions: 
 
 Volume                                       Price                     Time 
 
  42,261                                      118.0000 pence             08:01 UK 
  92,270                                      120.8679 pence             16:35 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                                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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January 12, 2024 02:00 ET (07:00 GMT)

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