TIDMTIG

RNS Number : 2990T

Team Internet Group PLC

14 November 2023

 
 14 November 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 13 November 2023 it purchased 78,464 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"): 
 
                                                             13 November 
 Date of purchase                                             2023 
 Number of ordinary shares 
  purchased                                                  78,464 
 Highest price paid per 
  ordinary share                                             116.2725 pence 
 Lowest price paid per ordinary share                        116.2725 pence 
 Volume weighted average price paid 
  per ordinary share                                         116.2725 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 19,387,914 shares in treasury. The total voting 
  rights in the Company is now 269,272,170 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:               13 November 2023 
 
 Aggregate information: 
 
 Aggregated Volume                Volume-weighted           Venue 
                                   average price 
                                   (pence) 
 78,464                           116.2725                  London Stock Exchange 
 
 Individual transactions: 
 
 Volume                           Price                     Time 
 
  78,464                          116.2725                   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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(END) Dow Jones Newswires

November 14, 2023 02:00 ET (07:00 GMT)

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