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3 March 2025
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Team Internet Group
plc
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("Team
Internet" or the "Company")
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Transaction in Own
Shares
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and
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Rule 2.9
Announcement
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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 28 February 2025 it purchased
102,299 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"):
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Date of purchase
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28 February 2025
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Number of ordinary shares
purchased
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102,299
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Highest price paid per ordinary
share
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100.2 pence
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Lowest price paid per ordinary
share
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96.2 pence
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Volume weighted average price paid
per ordinary share
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98.7988 pence
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Total Voting Rights
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Following the Transaction, the
issued share capital of the Company remains unchanged at
273,500,000 and the Company now holds 24,707,364 shares in
treasury. The total voting rights in the Company is now 248,792,636
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.
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The Company will make further
announcements in due course following the completion of any further
purchases pursuant to the Buyback Programme.
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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
248,792,636 and holds 24,707,364 shares in treasury. The ISIN
reference number for these shares is GB00BCCW4X83.
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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:
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Schedule of Purchases:
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Shares
purchased:
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Team Internet Group plc (ISIN:
GB00BCCW4X83)
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Date of
purchases:
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28 February 2025
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Individual transactions:
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Volume
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Price
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Time
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1
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100.2000 pence
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08:20 UK
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7,499
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100.2000 pence
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08:26 UK
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7,500
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100.2000 pence
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08:26 UK
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762
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100.0000 pence
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08:26 UK
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1,634
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100.0000 pence
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08:26 UK
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41
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100.0000 pence
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08:52 UK
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2,563
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100.0000 pence
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08:54 UK
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425
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100.0000 pence
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08:54 UK
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247
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100.0000 pence
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08:56 UK
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97
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100.0000 pence
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08:56 UK
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351
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100.0000 pence
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09:25 UK
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50
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100.0000 pence
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09:27 UK
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2,500
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100.0000 pence
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11:02 UK
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300
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100.0000 pence
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11:02 UK
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1,030
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100.0000 pence
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11:10 UK
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2,800
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100.0000 pence
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11:10 UK
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1,004
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100.0000 pence
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11:12 UK
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7,500
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99.7000 pence
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11:26 UK
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1,000
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99.7000 pence
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11:26 UK
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3,250
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99.7000 pence
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11:26 UK
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3,250
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99.7000 pence
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11:26 UK
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1,801
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99.2000 pence
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11:26 UK
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5,699
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99.2000 pence
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11:26 UK
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5,699
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99.2000 pence
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11:26 UK
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1,256
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99.2000 pence
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11:26 UK
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545
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99.2000 pence
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11:26 UK
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493
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98.2000 pence
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11:28 UK
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1,000
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98.2000 pence
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11:53 UK
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1,290
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98.2000 pence
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11:54 UK
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1,000
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98.2000 pence
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11:54 UK
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2
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98.2000 pence
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11:55 UK
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3,715
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98.2000 pence
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11:55 UK
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821
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98.2000 pence
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12:08 UK
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3,486
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98.2000 pence
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12:09 UK
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3,193
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98.2000 pence
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12:22 UK
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7,500
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96.9000 pence
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13:09 UK
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821
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96.9000 pence
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13:11 UK
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776
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96.9000 pence
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13:11 UK
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1,290
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96.9000 pence
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13:21 UK
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1,486
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96.9000 pence
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13:25 UK
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1,000
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96.9000 pence
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13:25 UK
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1,323
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96.9000 pence
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13:28 UK
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804
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96.9000 pence
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13:32 UK
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1,248
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96.2000 pence
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13:53 UK
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1,295
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96.2000 pence
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13:58 UK
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457
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96.2000 pence
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14:02 UK
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1,272
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96.2000 pence
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14:05 UK
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1,394
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96.2000 pence
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14:10 UK
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334
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96.2000 pence
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14:14 UK
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1,001
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96.2000 pence
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14:14 UK
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1,338
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97.5000 pence
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14:57 UK
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327
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98.9000 pence
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16:09 UK
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3,949
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98.9000 pence
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16:10 UK
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880
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98.6000 pence
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16:29 UK
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Team
Internet Group plc
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+44 (0)
203 388 0600
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Michael Riedl, Chief Executive
Officer
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William Green, Chief Financial
Officer
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HSBC
Bank plc (Financial Adviser)
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Christopher Fincken / Andrew
Owens
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+44 (0) 20
7991 8888
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Alina Vaskina (Corporate
Broking)
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Zeus
(NOMAD and Joint Broker)
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Nick Cowles / James Edis (Investment
Banking)
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+44 (0)
161 831 1512
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Dominic King (Corporate
Broking)
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+44
(0) 203 829 5000
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Berenberg (Joint Broker)
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+44 (0)
203 207 7800
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Mark Whitmore / Richard Andrews /
Alix Mecklenburg-Solodkoff
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SEC
Newgate (for Media)
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+44 (0)
203 757 6880
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Bob Huxford / Tom Carnegie / Harry
Handyside
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teaminternet@secnewgate.co.uk
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Important Notices
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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.
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About Team Internet Group plc
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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.
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For more information please
visit:
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www.teaminternet.com
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