Team Internet Group PLC Transaction in Own Shares
March 10 2025 - 3:00AM
RNS Regulatory News
RNS Number : 9772Z
Team Internet Group PLC
10 March 2025
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10 March 2025
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Team Internet Group
plc
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("Team
Internet" or the "Company")
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Transaction in Own
Shares
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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 7 March 2025 it purchased 23,737
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"):
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Date of purchase
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7 March 2025
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Number of ordinary shares
purchased
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23,737
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Highest price paid per ordinary
share
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58.5 pence
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Lowest price paid per ordinary
share
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56 pence
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Volume weighted average price paid
per ordinary share
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56.3936 pence
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Total Voting Rights
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Following the Transaction, the
issued share capital of the Company remains unchanged at
273,500,000 and the Company now holds 25,104,997 shares in
treasury. The total voting rights in the Company is now 248,395,003
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.
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The Company will make further
announcements in due course following the completion of any further
purchases pursuant to the Buyback Programme.
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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:
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Schedule of Purchases:
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Shares
purchased:
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Team Internet Group plc (ISIN:
GB00BCCW4X83)
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Date of
purchases:
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7 March 2025
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Individual transactions:
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Volume
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Price
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Time
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10,000
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56.0000 pence
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09:24 UK
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10,000
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56.0000 pence
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09:24 UK
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734
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58.5000 pence
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15:50 UK
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266
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58.5000 pence
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15:50 UK
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676
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58.5000 pence
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15:50 UK
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324
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58.5000 pence
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15:50 UK
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676
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58.5000 pence
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15:51 UK
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324
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58.5000 pence
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15:51 UK
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737
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58.5000 pence
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15:51 UK
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Team
Internet Group plc
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+44 (0)
203 388 0600
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Michael Riedl, Chief Executive
Officer
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William Green, Chief Financial
Officer
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Zeus
(NOMAD and Joint Broker)
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Nick Cowles / James Edis (Investment
Banking)
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+44 (0)
161 831 1512
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Dominic King (Corporate
Broking)
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+44
(0) 203 829 5000
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Berenberg (Joint Broker)
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+44 (0)
203 207 7800
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Mark Whitmore / Richard Andrews /
Alix Mecklenburg-Solodkoff
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SEC
Newgate (for Media)
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+44 (0)
203 757 6880
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Bob Huxford / Tom Carnegie / Harry
Handyside
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teaminternet@secnewgate.co.uk
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About Team Internet Group plc
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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.
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For more information please
visit:
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www.teaminternet.com
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