Team Internet Group PLC Transaction in Own Shares (6867A)
January 24 2024 - 2:00AM
UK Regulatory
TIDMTIG
RNS Number : 6867A
Team Internet Group PLC
24 January 2024
24 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
23 January 2024 it purchased 147,628 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 23 January 2024
Number of ordinary shares
purchased 147,628
Highest price paid per ordinary
share 126 pence
Lowest price paid per ordinary share 125 pence
Volume weighted average price paid per
ordinary share 125.9323 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 24,037,007 shares in treasury. The total voting rights
in the Company is now 264,623,077 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: 23 January 2024
Aggregate information:
Aggregated Volume Volume-weighted Venue
average price
(pence)
147,628 125.9323 London Stock Exchange
Individual transactions:
Volume Price Time
21,905 126.0000 pence 08:03 UK
10,000 125.0000 pence 11:05 UK
25,000 126.0000 pence 11:06 UK
75,000 126.0000 pence 15:48 UK
15,723 126.0000 pence 15:48 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.
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
POSFFFIFLLIVFIS
(END) Dow Jones Newswires
January 24, 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