RNS Number : 5196F
Team Internet Group PLC
25 September 2024
 

25 September 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 24 September 2024 it purchased 86,857 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


 24 September 2024


Number of ordinary shares purchased


 86,857

Highest price paid per ordinary share


 131.6 pence


Lowest price paid per ordinary share

 129.4 pence


Volume weighted average price paid per ordinary share

 130.7887 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 14,854,975 shares in treasury. The total voting rights in the Company is now 258,645,025 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:        

24 September 2024






Aggregate information:

 






Aggregated Volume

Volume-weighted average price (pence)

Venue

 

 86,857

130.7887

London Stock Exchange





Individual transactions:

 






Volume

Price

Time

 

1,401

130.8000 pence

 10:39 UK


287

130.8000 pence

 10:39 UK


1,312

130.8000 pence

 10:39 UK


1,661

130.2000 pence

 10:39 UK


1,168

130.2000 pence

 10:39 UK


4,028

130.2000 pence

 10:39 UK


1,500

129.6000 pence

 10:40 UK


748

129.4000 pence

 10:40 UK


685

129.8000 pence

 10:40 UK


685

130.0000 pence

 10:40 UK


548

129.8000 pence

 10:40 UK


300

130.0000 pence

 10:40 UK


286

129.8000 pence

 10:40 UK


248

130.0000 pence

 10:40 UK


380

129.4000 pence

 10:41 UK


401

131.6000 pence

 12:50 UK


227

131.6000 pence

 12:50 UK


75

131.6000 pence

 12:50 UK


5,000

131.2000 pence

 13:07 UK


4,297

131.0000 pence

 13:09 UK


5,000

130.8000 pence

 13:57 UK


2,359

131.2000 pence

 14:11 UK


1,543

131.2000 pence

 14:11 UK


43

131.2000 pence

 14:11 UK


1,288

131.2000 pence

 14:21 UK


5,000

130.8000 pence

 14:57 UK


2,400

130.4000 pence

 14:57 UK


152

130.4000 pence

 14:57 UK


1,104

130.4000 pence

 14:58 UK


1,651

131.0000 pence

 15:01 UK


1,168

131.0000 pence

 15:01 UK


159

131.0000 pence

 15:01 UK


1,600

130.8000 pence

 15:02 UK


350

130.8000 pence

 15:02 UK


31

130.8000 pence

 15:03 UK


19

130.4000 pence

 15:37 UK


1,325

130.4000 pence

 15:41 UK


1,430

131.0000 pence

 16:01 UK


1,244

131.0000 pence

 16:01 UK


156

131.0000 pence

 16:01 UK


380

130.2000 pence

 16:13 UK


1,122

131.0000 pence

 16:14 UK


379

131.0000 pence

 16:14 UK


119

131.0000 pence

 16:14 UK


17

130.6000 pence

 16:17 UK


3,100

130.6000 pence

 16:18 UK


36

130.6000 pence

 16:20 UK


1,430

131.0000 pence

 16:22 UK


1,100

131.0000 pence

 16:22 UK


88

131.0000 pence

 16:22 UK


891

131.0000 pence

 16:22 UK


428

131.0000 pence

 16:22 UK


1,063

131.0000 pence

 16:22 UK


1,395

131.0000 pence

 16:23 UK


292

131.0000 pence

 16:23 UK


3

131.0000 pence

 16:23 UK


311

131.0000 pence

 16:23 UK


227

131.0000 pence

 16:23 UK


1,994

130.6000 pence

 16:27 UK


33

130.6000 pence

 16:27 UK


18,598

131.0000 pence

 16:28 UK


592

131.0000 pence

 16:28 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 / Harry Handyside / Tom Carnegie

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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