RNS Number : 6649Q
Team Internet Group PLC
19 December 2024
 





19 December 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 18 December 2024 it purchased 154,965 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


 18 December 2024


Number of ordinary shares purchased


 154,965

Highest price paid per ordinary share


 90.75 pence


Lowest price paid per ordinary share

 89 pence


Volume weighted average price paid per ordinary share

 89.724 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 20,559,719 shares in treasury. The total voting rights in the Company is now 252,940,281 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:        

18 December 2024






Aggregate information:

 






Aggregated Volume

Volume-weighted average price (pence)

Venue

 

 154,965

89.7240

London Stock Exchange





Individual transactions:

 






Volume

Price

Time

 

1,435

90.7500 pence

 11:42 UK


996

90.0000 pence

 11:42 UK


3,677

90.0000 pence

 11:42 UK


6,287

90.0000 pence

 11:42 UK


4,582

90.0000 pence

 11:42 UK


1,917

89.3500 pence

 11:42 UK


1,321

89.7000 pence

 12:17 UK


2,010

89.7000 pence

 12:17 UK


1,149

89.7000 pence

 12:17 UK


590

89.7000 pence

 12:17 UK


179

89.7000 pence

 12:17 UK


613

89.7000 pence

 12:17 UK


302

90.0000 pence

 14:25 UK


1,667

90.0000 pence

 14:25 UK


1,018

90.0000 pence

 14:25 UK


2,013

90.0000 pence

 14:25 UK


63

90.0000 pence

 14:25 UK


737

90.0000 pence

 14:25 UK


889

90.4000 pence

 14:54 UK


445

90.4000 pence

 14:54 UK


1,308

90.4000 pence

 14:54 UK


447

90.4000 pence

 14:54 UK


119

90.4000 pence

 14:54 UK


1,634

90.4000 pence

 14:54 UK


74

90.4000 pence

 14:54 UK


1,593

90.4000 pence

 14:54 UK


499

90.4000 pence

 14:58 UK


1,500

90.4000 pence

 15:00 UK


1,213

90.4000 pence

 15:00 UK


1,657

90.0000 pence

 15:00 UK


15,000

90.0000 pence

 15:17 UK


2,543

90.0000 pence

 15:17 UK


460

89.7000 pence

 15:17 UK


60

89.7000 pence

 15:17 UK


36,122

89.6000 pence

 15:17 UK


3,878

89.6000 pence

 15:17 UK


10,266

89.7000 pence

 15:17 UK


10,620

89.2000 pence

 15:23 UK


4,205

89.2000 pence

 15:23 UK


5,941

89.2000 pence

 15:23 UK


4,205

89.2000 pence

 15:23 UK


29

89.2000 pence

 15:23 UK


508

89.5000 pence

 15:54 UK


2,027

89.5000 pence

 15:54 UK


1,636

89.5000 pence

 15:54 UK


829

89.5000 pence

 15:54 UK


1,383

89.0000 pence

 15:54 UK


115

89.0000 pence

 15:54 UK


2,124

89.7000 pence

 16:02 UK


1,900

89.7000 pence

 16:02 UK


409

89.7000 pence

 16:02 UK


567

89.7000 pence

 16:02 UK


1,597

90.0000 pence

 16:04 UK


2,580

90.0000 pence

 16:10 UK


2,527

90.0000 pence

 16:29 UK


1,469

90.0000 pence

 16:29 UK


31

90.0000 pence

 16:29 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 / Tom Carnegie / Harry Handyside

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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