TIDMTIG

RNS Number : 7748T

Team Internet Group PLC

17 November 2023

 
 17 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 
  16 November 2023 it purchased 86,551 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"): 
 
                                                                 16 November 
 Date of purchase                                                 2023 
 Number of ordinary shares 
  purchased                                                      86,551 
 Highest price paid per ordinary 
  share                                                          116.3436 pence 
 Lowest price paid per ordinary share                            116.3436 pence 
 Volume weighted average price paid per 
  ordinary share                                                 116.3436 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 19,646,509 shares in treasury. The total voting rights 
  in the Company is now 269,013,575 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:                    16 November 2023 
 
 Aggregate information: 
 
 Aggregated Volume                     Volume-weighted          Venue 
                                        average price 
                                        (pence) 
 86,551                                116.3436                 London Stock Exchange 
 
 Individual transactions: 
 
 Volume                                Price                    Time 
 
  86,551                               116.3436                  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 17, 2023 02:00 ET (07:00 GMT)

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