TIDMTIG

RNS Number : 0093S

Team Internet Group PLC

01 November 2023

 
 1 November 2023 
                                      Team Internet Group plc 
 
                                 ("Team Internet" or the "Company") 
 
                                     Transaction in Own Shares 
 
 
 Team Internet Group plc (AIM: TIG), 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 October 2023 it purchased 
  85,068 ordinary shares of GBP0.001 each in the Company (the "Repurchased 
  Shares"), pursuant to the share buyback programme (the "Buyback 
  Programme") that was announced on 15 May 2023, as follows (together 
  the "Transaction"): 
 
                                                                     31 October 
 Date of purchase                                                     2023 
 Number of ordinary shares purchased                                 85,068 
 Highest price paid per ordinary 
  share                                                              123.8307 pence 
 Lowest price paid per ordinary share                                123.8307 pence 
 Volume weighted average price paid per ordinary 
  share                                                              123.8307 pence 
 
 Total Voting Rights 
 
 Following the Transaction, the issued share capital of the Company 
  remains unchanged at 288,660,084 and the Company now holds 18,675,036 
  shares in treasury. The total voting rights in the Company is now 
  269,985,048 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: 
                                               Team Internet Group plc (ISIN: 
 Shares purchased:                              GB00BCCW4X83) 
 Date of purchases:                            31 October 2023 
 
 Aggregate information: 
 
 Aggregated Volume                             Volume-weighted      Venue 
                                                average 
                                                price (pence) 
 
 
 Individual transactions: 
 
 Volume                                        Price                Time 
 
  85,068                                       123.8307              16:35 UK 
                                                pence 
 
 
 
 
 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 / Jamie Peel / 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 / Alice Cho / Harry Handyside                            teaminternet@secnewgate.co.uk 
  / Tom Carnegie 
 
 
 About Team Internet Group plc 
 
 Team Internet (AIM: TIG) 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 the Company 
  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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END

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(END) Dow Jones Newswires

November 01, 2023 03:00 ET (07:00 GMT)

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