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3 February 2025
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Team Internet Group
plc
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("Team
Internet" or the "Company")
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Transaction in Own
Shares
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and
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Rule 2.9
Announcement
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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 31 January 2025 it purchased 130,145
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"):
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Date of purchase
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31 January 2025
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Number of ordinary shares
purchased
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130,145
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Highest price paid per ordinary
share
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108.6 pence
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Lowest price paid per ordinary
share
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108 pence
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Volume weighted average price paid
per ordinary share
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108.3683 pence
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Total Voting Rights
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Following the Transaction, the
issued share capital of the Company remains unchanged at
273,500,000 and the Company now holds 22,986,097 shares in
treasury. The total voting rights in the Company is now 250,513,903
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.
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The Company will make further
announcements in due course following the completion of any further
purchases pursuant to the Buyback Programme.
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The Company announced on 7 January
2025 that it had entered into an offer period. The ordinary shares
are relevant securities of Team Internet for the purposes of Rule 8
of The City Code on Takeovers and Mergers (the "Code"). In
accordance with Rule 2.9 of the Code, Team Internet therefore
confirms that the total voting rights in the Company is now
250,513,903 and holds 22,986,097 shares in treasury. The ISIN
reference number for these shares is GB00BCCW4X83.
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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:
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Schedule of Purchases:
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Shares
purchased:
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Team Internet Group plc (ISIN:
GB00BCCW4X83)
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Date of
purchases:
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31 January 2025
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Individual transactions:
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Volume
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Price
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Time
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1,000
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108.6000 pence
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08:10 UK
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314
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108.6000 pence
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08:10 UK
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1,700
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108.6000 pence
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08:10 UK
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1,000
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108.6000 pence
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08:10 UK
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430
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108.6000 pence
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08:10 UK
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454
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108.6000 pence
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08:10 UK
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1,058
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108.6000 pence
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09:10 UK
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1,429
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108.6000 pence
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09:10 UK
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1,644
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108.6000 pence
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09:10 UK
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386
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108.6000 pence
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09:10 UK
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5,483
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108.6000 pence
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09:36 UK
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1,058
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108.6000 pence
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10:16 UK
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1,500
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108.6000 pence
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11:43 UK
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7,442
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108.6000 pence
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11:43 UK
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6,000
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108.6000 pence
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11:45 UK
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2,000
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108.6000 pence
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11:45 UK
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1,000
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108.6000 pence
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11:45 UK
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13,044
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108.6000 pence
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11:45 UK
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3,183
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108.6000 pence
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11:45 UK
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2,000
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108.6000 pence
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11:45 UK
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1,274
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108.6000 pence
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11:45 UK
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1,499
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108.6000 pence
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11:45 UK
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2,317
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108.6000 pence
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11:45 UK
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1,327
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108.6000 pence
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11:50 UK
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2,294
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108.6000 pence
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11:50 UK
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912
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108.6000 pence
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11:50 UK
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1,000
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108.6000 pence
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11:50 UK
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15,000
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108.6000 pence
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12:24 UK
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1,881
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108.6000 pence
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12:24 UK
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269
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108.6000 pence
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12:24 UK
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5,000
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108.0000 pence
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13:14 UK
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2,800
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108.0000 pence
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13:14 UK
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1,731
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108.0000 pence
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13:14 UK
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3,269
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108.0000 pence
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14:29 UK
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864
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108.0000 pence
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14:29 UK
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4,136
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108.0000 pence
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14:40 UK
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464
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108.0000 pence
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14:40 UK
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5,000
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108.0000 pence
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14:40 UK
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741
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108.0000 pence
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14:40 UK
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1,683
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108.0000 pence
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14:40 UK
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2,576
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108.0000 pence
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15:57 UK
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5,335
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108.0000 pence
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15:57 UK
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1,773
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108.0000 pence
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15:57 UK
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3,227
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108.0000 pence
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15:58 UK
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1,026
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108.0000 pence
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15:58 UK
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1,815
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108.0000 pence
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15:58 UK
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3,185
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108.0000 pence
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15:59 UK
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2,972
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108.0000 pence
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15:59 UK
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854
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108.0000 pence
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15:59 UK
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1,174
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108.0000 pence
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16:06 UK
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35
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108.0000 pence
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16:06 UK
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550
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108.0000 pence
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16:35 UK
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37
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108.0000 pence
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16:35 UK
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Team
Internet Group plc
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+44 (0)
203 388 0600
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Michael Riedl, Chief Executive
Officer
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William Green, Chief Financial
Officer
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HSBC
Bank plc (Financial Adviser)
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Christopher Fincken / Andrew
Owens
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+44 (0) 20
7991 8888
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Alina Vaskina (Corporate
Broking)
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Zeus
(NOMAD and Joint Broker)
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Nick Cowles / James Edis (Investment
Banking)
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+44 (0)
161 831 1512
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Dominic King (Corporate
Broking)
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+44
(0) 203 829 5000
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Berenberg (Joint Broker)
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+44 (0)
203 207 7800
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Mark Whitmore / Richard Andrews /
Alix Mecklenburg-Solodkoff
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SEC
Newgate (for Media)
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+44 (0)
203 757 6880
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Bob Huxford / Tom Carnegie / Harry
Handyside
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teaminternet@secnewgate.co.uk
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Important Notices
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HSBC
Bank plc is authorised by the PRA and regulated by the FCA and the
PRA in the United Kingdom and is acting exclusively for Team
Internet and no one else in connection with the possible offer and
other matters referred to in this announcement and will not regard
any other person (whether or not a recipient of this announcement)
as a client in relation to the possible offer or any other matters
referred to in this announcement and is not, and will not be,
responsible to anyone other than Team Internet for providing the
protections afforded to its clients or for providing advice in
relation to the possible offer, the contents of this announcement
or any transaction or arrangement referred to in this
announcement.
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About Team Internet Group plc
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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.
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For more information please
visit:
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www.teaminternet.com
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