Team Internet Group PLC Transaction in Own Shares (2333R)
25 October 2023 - 5:00PM
UK Regulatory
TIDMTIG
RNS Number : 2333R
Team Internet Group PLC
25 October 2023
25 October 2023
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 24 October 2023
it purchased 101,373 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"):
24 October
Date of purchase 2023
Number of ordinary shares purchased 101,373
Highest price paid per ordinary 119.0381
share pence
119.0381
Lowest price paid per ordinary share pence
Volume weighted average price paid per ordinary 119.0381
share 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 18,231,893 shares in treasury. The total voting rights
in the Company is now 270,428,191 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: 24 October 2023
Aggregate information:
Aggregated Volume Volume-weighted Venue
average price
(pence)
Individual transactions:
Volume Price Time
101,373 119.0381 16:35 UK
pence
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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END
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October 25, 2023 02:00 ET (06:00 GMT)
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