RNS Number : 5073Q
Team Internet Group PLC
18 December 2024
 





18 December 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 17 December 2024 it purchased 176,655 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


 17 December 2024


Number of ordinary shares purchased


 176,655

Highest price paid per ordinary share


 90.4 pence


Lowest price paid per ordinary share

 88.2 pence


Volume weighted average price paid per ordinary share

 89.7674 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 20,404,754 shares in treasury. The total voting rights in the Company is now 253,095,246 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:        

17 December 2024






Aggregate information:

 






Aggregated Volume

Volume-weighted average price (pence)

Venue

 

 176,655

89.7674

London Stock Exchange





Individual transactions:

 






Volume

Price

Time

 

88

90.3000 pence

 08:00 UK


30

90.3000 pence

 08:01 UK


6,537

90.3000 pence

 08:01 UK


1,962

90.3000 pence

 08:02 UK


8,038

90.3000 pence

 08:02 UK


2,400

90.0000 pence

 08:02 UK


800

90.0000 pence

 08:02 UK


6,800

90.0000 pence

 08:02 UK


2,500

90.0000 pence

 08:02 UK


10,000

90.3000 pence

 08:27 UK


7,500

90.0000 pence

 08:27 UK


87

89.9000 pence

 09:44 UK


4,222

89.9000 pence

 10:14 UK


2,210

89.8000 pence

 10:15 UK


630

89.8000 pence

 10:15 UK


851

89.8000 pence

 10:15 UK


5,000

89.5000 pence

 10:30 UK


10,000

89.0000 pence

 10:30 UK


7,000

88.4000 pence

 10:40 UK


60

88.2000 pence

 11:08 UK


1,133

88.2000 pence

 12:09 UK


189

88.2000 pence

 12:30 UK


1,543

88.2000 pence

 12:47 UK


1,065

88.2000 pence

 12:54 UK


90

88.2000 pence

 12:54 UK


187

88.2000 pence

 13:06 UK


1,181

88.2000 pence

 13:15 UK


2,283

88.5000 pence

 13:40 UK


2,350

88.5000 pence

 13:40 UK


9

88.5000 pence

 13:40 UK


5,358

88.5000 pence

 13:40 UK


235

89.0000 pence

 13:52 UK


112

89.0000 pence

 13:52 UK


133

89.0000 pence

 13:52 UK


225

89.0000 pence

 13:52 UK


2,400

89.0000 pence

 13:52 UK


124

89.0000 pence

 13:52 UK


590

89.0000 pence

 13:52 UK


419

89.0000 pence

 13:52 UK


1,755

89.9000 pence

 15:08 UK


184

89.9000 pence

 15:08 UK


1,600

89.9000 pence

 15:08 UK


635

89.9000 pence

 15:08 UK


5,826

89.9000 pence

 15:08 UK


2,624

90.1000 pence

 16:13 UK


1,316

90.1000 pence

 16:13 UK


434

90.1000 pence

 16:13 UK


800

90.1000 pence

 16:13 UK


1,774

90.1000 pence

 16:13 UK


3,366

90.1000 pence

 16:13 UK


89

90.1000 pence

 16:14 UK


2,500

90.1000 pence

 16:14 UK


4,400

90.1000 pence

 16:14 UK


1,885

90.4000 pence

 16:20 UK


1,126

90.4000 pence

 16:20 UK


928

90.4000 pence

 16:21 UK


995

90.2000 pence

 16:23 UK


3,572

90.4000 pence

 16:26 UK


1,257

90.2000 pence

 16:26 UK


3,248

90.2000 pence

 16:26 UK


201

90.0000 pence

 16:27 UK


552

90.0000 pence

 16:28 UK


5,557

90.0000 pence

 16:35 UK


3,033

90.0000 pence

 16:35 UK


657

90.0000 pence

 16:35 UK


9,426

90.0000 pence

 16:35 UK


3,261

90.0000 pence

 16:35 UK


296

90.0000 pence

 16:35 UK


2,058

90.0000 pence

 16:35 UK


382

90.0000 pence

 16:35 UK


4,267

90.0000 pence

 16:35 UK


10,310

90.0000 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 / 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 / Tom Carnegie / Harry Handyside

teaminternet@secnewgate.co.uk









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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