Business
Transaction in Own Shares & Rule 2.9 Announcement
Transaction in Own Shares & Rule 2.9 Announcement.
About this update from Team Internet Group Plc
[{"type":"text","content":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n7 February 2025\n\n\n\n\n\n\n\n\n\n\n\n\n\nTeam Internet Group plc\n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n(\"Team Internet\" or the \"Company\")\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTransaction in Own Shares\n\n\n\n\nand\n\n\n\n\nRule 2.9 Announcement\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTeam 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 6 February 2025 it purchased 127,856 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\"):\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nDate of purchase\n\n\n\n\n\n 6 February 2025\n\n\n\n\n\n\n\nNumber of ordinary shares purchased\n\n\n\n\n\n 127,856\n\n\n\n\nHighest price paid per ordinary share\n\n\n\n\n\n 106 pence\n\n\n\n\n\n\n\nLowest price paid per ordinary share\n\n\n 104 pence\n\n\n\n\n\n\n\nVolume weighted average price paid per ordinary share\n\n\n 105 pence\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTotal Voting Rights\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFollowing the Transaction, the issued share capital of the Company remains unchanged at 273,500,000 and the Company now holds 23,427,464 shares in treasury. The total voting rights in the Company is now 250,072,536 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.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe Company will make further announcements in due course following the completion of any further purchases pursuant to the Buyback Programme.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe 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 t...