RNS Number : 3375L
Team Internet Group PLC
07 November 2024
 





7 November 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 6 November 2024 it purchased 89,123 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


 6 November 2024


Number of ordinary shares purchased


 89,123

Highest price paid per ordinary share


 136 pence


Lowest price paid per ordinary share

 131 pence


Volume weighted average price paid per ordinary share

 135.6844 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 16,407,960 shares in treasury. The total voting rights in the Company is now 257,092,040 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:        

6 November 2024






Aggregate information:

 






Aggregated Volume

Volume-weighted average price (pence)

Venue

 

 89,123

135.6844

London Stock Exchange





Individual transactions:

 






Volume

Price

Time

 

9

131.0000 pence

 08:00 UK


7

131.0000 pence

 08:00 UK


1,400

136.0000 pence

 11:40 UK


873

136.0000 pence

 11:40 UK


2,727

136.0000 pence

 11:40 UK


540

136.0000 pence

 12:13 UK


754

136.0000 pence

 12:28 UK


2,649

136.0000 pence

 12:37 UK


1,147

136.0000 pence

 13:12 UK


266

135.8000 pence

 13:48 UK


253

135.8000 pence

 13:48 UK


1,512

135.8000 pence

 13:48 UK


270

136.0000 pence

 13:48 UK


256

136.0000 pence

 13:48 UK


964

136.0000 pence

 13:48 UK


700

136.0000 pence

 13:48 UK


700

136.0000 pence

 13:48 UK


4,989

136.0000 pence

 13:48 UK


2,266

136.0000 pence

 13:48 UK


2,503

136.0000 pence

 13:48 UK


1,155

136.0000 pence

 13:48 UK


610

136.0000 pence

 13:48 UK


700

136.0000 pence

 13:48 UK


2,766

136.0000 pence

 13:48 UK


4,287

136.0000 pence

 13:48 UK


610

136.0000 pence

 13:48 UK


4,560

136.0000 pence

 13:48 UK


543

136.0000 pence

 13:48 UK


1,487

136.0000 pence

 15:50 UK


3,700

136.0000 pence

 16:02 UK


4,813

136.0000 pence

 16:02 UK


1,389

135.6000 pence

 16:18 UK


4

135.6000 pence

 16:18 UK


2,300

135.6000 pence

 16:18 UK


1,105

135.6000 pence

 16:18 UK


1,109

135.6000 pence

 16:18 UK


2,860

135.6000 pence

 16:18 UK


4,291

135.6000 pence

 16:18 UK


1,942

135.6000 pence

 16:18 UK


4,294

135.6000 pence

 16:19 UK


341

135.6000 pence

 16:19 UK


276

135.6000 pence

 16:19 UK


263

135.6000 pence

 16:19 UK


4,853

135.6000 pence

 16:19 UK


2,080

135.6000 pence

 16:19 UK


7

135.0000 pence

 16:28 UK


2,416

134.6000 pence

 16:35 UK


2,468

134.6000 pence

 16:35 UK


2,467

134.6000 pence

 16:35 UK


457

134.6000 pence

 16:35 UK


1,039

134.6000 pence

 16:35 UK


949

134.6000 pence

 16:35 UK


2,197

134.6000 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 / Harry Handyside / Tom Carnegie

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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