RNS Number : 6614R
Team Internet Group PLC
31 December 2024
 





31 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 30 December 2024 it purchased 97,578 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


 30 December 2024


Number of ordinary shares purchased


 97,578

Highest price paid per ordinary share


 92 pence


Lowest price paid per ordinary share

 91.7 pence


Volume weighted average price paid per ordinary share

 91.9019 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 20,993,781 shares in treasury. The total voting rights in the Company is now 252,506,219 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:        

30 December 2024






Aggregate information:

 






Aggregated Volume

Volume-weighted average price (pence)

Venue

 

 97,578

91.9019

London Stock Exchange





Individual transactions:

 






Volume

Price

Time

 

174

91.9000 pence

 08:00 UK


474

91.9000 pence

 08:00 UK


5,342

91.9000 pence

 08:00 UK


840

91.9000 pence

 08:04 UK


1,198

91.9000 pence

 08:18 UK


555

91.9000 pence

 08:46 UK


6,024

91.9000 pence

 08:46 UK


1,383

91.9000 pence

 08:46 UK


1,706

91.7000 pence

 08:46 UK


1,307

91.7000 pence

 08:46 UK


1,307

91.7000 pence

 08:46 UK


1,706

91.7000 pence

 08:46 UK


1,205

91.7000 pence

 08:46 UK


1,808

91.7000 pence

 08:46 UK


3,013

91.7000 pence

 08:46 UK


1,000

91.7000 pence

 08:46 UK


1,405

91.7000 pence

 08:46 UK


608

91.7000 pence

 08:46 UK


1,000

91.7000 pence

 08:46 UK


800

91.7000 pence

 08:47 UK


671

91.7000 pence

 08:47 UK


542

91.7000 pence

 08:47 UK


355

91.7000 pence

 08:47 UK


3,013

91.7000 pence

 08:47 UK


3,013

91.7000 pence

 08:47 UK


1,204

91.7000 pence

 09:00 UK


432

91.7000 pence

 09:21 UK


1,100

92.0000 pence

 12:49 UK


13

92.0000 pence

 12:49 UK


2,425

92.0000 pence

 12:49 UK


13

92.0000 pence

 12:49 UK


2,425

92.0000 pence

 12:49 UK


1,113

92.0000 pence

 12:49 UK


412

92.0000 pence

 12:49 UK


1,113

92.0000 pence

 12:49 UK


300

92.0000 pence

 12:49 UK


1,200

92.0000 pence

 12:49 UK


26

92.0000 pence

 12:49 UK


95

92.0000 pence

 12:49 UK


555

92.0000 pence

 12:50 UK


249

92.0000 pence

 12:50 UK


1,076

92.0000 pence

 12:50 UK


2,462

92.0000 pence

 12:50 UK


1

92.0000 pence

 12:55 UK


432

92.0000 pence

 13:47 UK


3,105

92.0000 pence

 14:40 UK


16,885

92.0000 pence

 14:40 UK


493

91.7000 pence

 14:40 UK


20,000

92.0000 pence

 15:26 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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