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Team Internet Group ( (GB:TIG) ) just unveiled an update.
Team Internet Group plc has announced the repurchase of 135,033 ordinary shares as part of its ongoing share buyback program. This transaction is part of a strategic move to manage the company’s capital structure and could potentially impact the voting rights calculation for stakeholders, which now stands at 250,200,392 total voting rights. The company remains in an offer period under the City Code on Takeovers and Mergers, and further announcements regarding additional purchases are anticipated.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company operating in two key markets: high-growth digital advertising and domain name management solutions. The company generates recurring revenue by connecting businesses to domains, brands to consumers, and publishers to advertisers. Its Online Marketing segment utilizes privacy-safe, AI-generated consumer journeys, while its Online Presence segment serves as a distribution channel for a variety of digital products.
YTD Price Performance: 12.65%
Average Trading Volume: 756,098
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £259.1M
See more insights into TIG stock on TipRanks’ Stock Analysis page.
