TIG.L

Team Internet Group
Team Internet Group - Transaction in Own Shares
13th November 2024, 07:00
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RNS Number : 0496M
Team Internet Group PLC
13 November 2024
 




13 November 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 12 November 2024 it purchased 157,202 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


 12 November 2024


Number of ordinary shares purchased


 157,202

Highest price paid per ordinary share


 92 pence


Lowest price paid per ordinary share

 87 pence


Volume weighted average price paid per ordinary share

 89.325 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 16,812,578 shares in treasury. The total voting rights in the Company is now 256,687,422 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:        

12 November 2024






Aggregate information:

 






Aggregated Volume

Volume-weighted average price (pence)

Venue

 

 157,202

89.3250

London Stock Exchange





Individual transactions:

 






Volume

Price

Time

 

2,479

87.0000 pence

 08:18 UK


9,723

87.0000 pence

 08:18 UK


5,044

88.0000 pence

 11:36 UK


20,000

92.0000 pence

 14:33 UK


61

90.7000 pence

 14:47 UK


1,753

90.7000 pence

 14:47 UK


1,753

90.7000 pence

 14:47 UK


6,433

90.7000 pence

 14:47 UK


255

90.4000 pence

 14:47 UK


264

90.4000 pence

 14:48 UK


14,481

90.4000 pence

 14:48 UK


55

90.0000 pence

 14:48 UK


152

90.0000 pence

 14:48 UK


605

90.0000 pence

 14:49 UK


1,210

90.0000 pence

 14:50 UK


1,731

90.0000 pence

 14:50 UK


21,247

90.0000 pence

 14:50 UK


125

89.6000 pence

 14:50 UK


9,875

89.6000 pence

 14:50 UK


9,585

89.3000 pence

 14:50 UK


415

89.3000 pence

 14:50 UK


10,000

89.2000 pence

 14:50 UK


4,956

88.0000 pence

 15:35 UK


232

87.5000 pence

 15:49 UK


4,768

87.5000 pence

 15:49 UK


74

87.7000 pence

 16:18 UK


9,900

87.7000 pence

 16:19 UK


26

87.7000 pence

 16:19 UK


1,973

87.6000 pence

 16:19 UK


477

87.6000 pence

 16:19 UK


3,000

87.6000 pence

 16:19 UK


617

87.6000 pence

 16:19 UK


583

87.6000 pence

 16:19 UK


779

87.6000 pence

 16:19 UK


12,571

87.6000 pence

 16:19 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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