Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Team Internet Group ( (GB:TIG) ) just unveiled an announcement.
Team Internet Group plc announced the repurchase of 52,894 ordinary shares as part of its ongoing share buyback programme initiated in September 2024. This strategic financial move is aimed at optimizing capital structure and reflects the company’s commitment to enhancing shareholder value. The transaction did not alter the company’s issued share capital, which remains at 273.5 million, but adjusted the total voting rights to 252,728,042, signaling significant implications for shareholder calculations regarding interest notifications under FCA guidelines.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company that focuses on generating recurring revenue through creating connections across two main markets: digital advertising and domain name management solutions. The company operates its Online Marketing segment, which uses AI to create consumer journeys and its Online Presence segment, which provides critical online productivity tools. Team Internet is positioned as a primary distribution channel for digital products, deriving high-quality earnings from subscription revenues and revenue-sharing contracts.
YTD Price Performance: -25.60%
Average Trading Volume: 658,142
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £224.6M
Find detailed analytics on TIG stock on TipRanks’ Stock Analysis page.
