Transaction in Own Shares

Team Internet Group PLC

18 December 2023

 

18 December 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 15 December 2023 it purchased 89,322 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 15 May 2023, as follows (together the "Transaction"):
Date of purchase		15 December 2023
Number of ordinary shares purchased		89,322
Highest price paid per ordinary share		121 pence
Lowest price paid per ordinary share		120.552 pence
Volume weighted average price paid per ordinary share		120.8333 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 21,606,504 shares in treasury. The total voting rights in the Company is now 267,053,580 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:	15 December 2023
Aggregate information:
Aggregated Volume	Volume-weighted average price (pence)	Venue
89,322	120.8333	London Stock Exchange
Individual transactions:
Volume	Price	Time
7,953	121.0000 pence	08:57 UK
10,000	120.5520 pence	09:35 UK
37,798	120.8380 pence	14:32 UK
33,571	120.8724 pence	15:52 UK
Team Internet Group plc		[phone]
Michael Riedl, Chief Executive Officer
William Green, Chief Financial Officer
Zeus (NOMAD and Joint Broker)
Nick Cowles / Jamie Peel / 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 / Alice Cho / Harry Handyside / Tom Carnegie		[e-mail]
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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