Transaction in Own Shares & Rule 2.9 Announcement

Team Internet Group PLC

15 January 2025

 

15 January 2025
Team Internet Group plc
("Team Internet" or the "Company")
Transaction in Own Shares
and
Rule 2.9 Announcement
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 14 January 2025 it purchased 121,647 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		14 January 2025
Number of ordinary shares purchased		121,647
Highest price paid per ordinary share		104 pence
Lowest price paid per ordinary share		101.6 pence
Volume weighted average price paid per ordinary share		102.4822 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 21,794,559 shares in treasury. The total voting rights in the Company is now 251,705,441 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.
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 251,705,441 and holds 21,794,559 shares in treasury. The ISIN reference number for these shares is GB00BCCW4X83.
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:	14 January 2025
Individual transactions:
Volume	Price	Time
1,000	102.2000 pence	08:00 UK
5,647	102.2000 pence	08:00 UK
2,300	104.0000 pence	08:47 UK
2,700	104.0000 pence	08:47 UK
136	104.0000 pence	09:16 UK
5,265	104.0000 pence	09:16 UK
1,290	104.0000 pence	09:16 UK
565	104.0000 pence	09:16 UK
1,000	104.0000 pence	09:16 UK
1,744	104.0000 pence	09:16 UK
921	103.4000 pence	09:26 UK
2,000	104.0000 pence	11:26 UK
3,000	104.0000 pence	11:26 UK
2,873	103.4000 pence	11:26 UK
1,206	103.4000 pence	11:26 UK
2,100	103.0000 pence	11:43 UK
2,900	103.0000 pence	11:43 UK
5,000	102.6000 pence	11:45 UK
2,565	102.2000 pence	11:45 UK
165	102.2000 pence	11:45 UK
770	102.2000 pence	11:45 UK
2,166	102.2000 pence	11:49 UK
1,000	102.2000 pence	11:49 UK
1,000	102.2000 pence	11:49 UK
1,000	102.2000 pence	11:49 UK
80	102.2000 pence	11:49 UK
2,000	102.2000 pence	11:49 UK
2,000	102.2000 pence	11:49 UK
754	102.2000 pence	11:49 UK
157	102.0000 pence	11:49 UK
4	102.0000 pence	11:49 UK
76	102.0000 pence	11:49 UK
6,263	102.0000 pence	11:49 UK
1,453	101.8000 pence	12:19 UK
2,047	101.8000 pence	12:19 UK
714	101.8000 pence	12:35 UK
2,486	101.8000 pence	12:35 UK
5,000	101.6000 pence	12:35 UK
1,389	101.6000 pence	12:36 UK
1,911	101.6000 pence	12:36 UK
33,088	101.8000 pence	13:27 UK
1,095	103.0000 pence	15:24 UK
1,017	103.0000 pence	15:24 UK
4,300	103.0000 pence	15:25 UK
500	103.0000 pence	15:26 UK
126	102.8000 pence	15:46 UK
3,700	102.8000 pence	15:47 UK
1,174	102.8000 pence	15:47 UK
Team Internet Group plc		[phone]
Michael Riedl, Chief Executive Officer
William Green, Chief Financial Officer
HSBC Bank plc (Financial Adviser)
Christopher Fincken / Andrew Owens		[phone]
Alina Vaskina (Corporate Broking)
Zeus (NOMAD and Joint Broker)
Nick Cowles / James Edis (Investment Banking)		[phone]
Dominic King (Corporate Broking)		[phone]
Berenberg (Joint Broker)		[phone]
Mark Whitmore / Richard Andrews /  Alix Mecklenburg-Solodkoff
SEC Newgate (for Media)		[phone]
Bob Huxford / Tom Carnegie / Harry Handyside		[e-mail]
Important Notices
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.
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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