Team Internet Group PLC Transaction in Own Shares (4977Y)
03 January 2024 - 6:00PM
UK Regulatory
TIDMTIG
RNS Number : 4977Y
Team Internet Group PLC
03 January 2024
3 January 2024
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 2 January 2024
it purchased 75,285 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"):
Date of purchase 2 January 2024
Number of ordinary shares purchased 75,285
Highest price paid per ordinary
share 125 pence
Lowest price paid per ordinary share 123 pence
Volume weighted average price paid per
ordinary share 124.093 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 22,431,696
shares in treasury. The total voting rights in the Company is
now 266,228,388 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: 2 January 2024
Aggregate information:
Aggregated Volume Volume-weighted Venue
average price
(pence)
75,285 124.093 London Stock Exchange
Individual transactions:
Volume Price Time
25,000 125.0000 pence 09:57 UK
8,696 124.0000 pence 11:20 UK
631 124.0000 pence 12:27 UK
673 124.0000 pence 12:36 UK
10,285 124.0000 pence 12:36 UK
215 123.8000 pence 12:37 UK
9,618 123.8000 pence 12:37 UK
5,167 123.8000 pence 12:37 UK
15,000 123.0000 pence 14:39 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 / 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
/ Tom Carnegie teaminternet@secnewgate.co.uk
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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January 03, 2024 02:00 ET (07:00 GMT)
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