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An update from Team Internet Group ( (GB:TIG) ) is now available.
Team Internet Group plc has announced the purchase of 47,445 of its own ordinary shares as part of a share buyback program initiated in September 2024. This move, executed through Zeus Capital Limited, forms part of the company’s strategic financial management, maintaining its issued share capital unchanged at 273,500,000 while adjusting its voting rights. The announcement also confirms the company’s entry into an offer period under the City Code on Takeovers and Mergers, indicating significant financial maneuvers that may impact shareholders and market positioning.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company that operates in two primary markets: high-growth digital advertising and domain name management solutions. Through its Online Marketing segment, it creates AI-generated consumer journeys designed to convert online media users into consumers via advertorial and review platforms. The Online Presence segment acts as a key distribution channel for digital products within the global online presence and productivity ecosystem, generating high-quality earnings from subscription-based recurring revenues and revenue-sharing models.
YTD Price Performance: 9.03%
Average Trading Volume: 769,019
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £252.3M
For detailed information about TIG stock, go to TipRanks’ Stock Analysis page.
