Source - LSE Regulatory
RNS Number : 0897R
Team Internet Group PLC
23 December 2024
 





23 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 20 December 2024 it purchased 52,894 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


 20 December 2024


Number of ordinary shares purchased


 52,894

Highest price paid per ordinary share


 91.7 pence


Lowest price paid per ordinary share

 89 pence


Volume weighted average price paid per ordinary share

 90.2583 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 20,771,958 shares in treasury. The total voting rights in the Company is now 252,728,042 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:        

20 December 2024






Aggregate information:

 






Aggregated Volume

Volume-weighted average price (pence)

Venue

 

 52,894

90.2583

London Stock Exchange





Individual transactions:

 






Volume

Price

Time

 

1,249

90.0000 pence

 08:00 UK


10,612

90.0000 pence

 08:00 UK


4,546

90.0000 pence

 08:00 UK


42

90.0000 pence

 08:00 UK


60

89.4000 pence

 08:09 UK


1,900

89.4000 pence

 08:09 UK


8,040

89.4000 pence

 08:31 UK


327

89.0000 pence

 12:30 UK


316

89.0000 pence

 12:57 UK


312

89.0000 pence

 13:12 UK


285

89.0000 pence

 13:53 UK


160

90.0000 pence

 15:04 UK


3,734

90.0000 pence

 15:04 UK


922

90.0000 pence

 15:04 UK


184

90.0000 pence

 15:04 UK


582

91.7000 pence

 16:03 UK


418

91.7000 pence

 16:04 UK


40

91.0000 pence

 16:13 UK


1,953

91.0000 pence

 16:13 UK


48

91.0000 pence

 16:14 UK


2,270

91.0000 pence

 16:35 UK


3,018

91.0000 pence

 16:35 UK


306

91.0000 pence

 16:35 UK


371

91.0000 pence

 16:35 UK


1,539

91.0000 pence

 16:35 UK


558

91.0000 pence

 16:35 UK


162

91.0000 pence

 16:35 UK


167

91.0000 pence

 16:35 UK


400

91.0000 pence

 16:35 UK


210

91.0000 pence

 16:35 UK


104

91.0000 pence

 16:35 UK


75

91.0000 pence

 16:35 UK


311

91.0000 pence

 16:35 UK


1,000

91.0000 pence

 16:35 UK


2,175

91.0000 pence

 16:35 UK


661

91.0000 pence

 16:35 UK


1,323

91.0000 pence

 16:35 UK


1,069

91.0000 pence

 16:35 UK


1,445

91.0000 pence

 16:35 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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