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The latest update is out from Team Internet Group ( (GB:TIG) ).
Team Internet Group PLC has announced the repurchase of 127,856 ordinary shares as part of their ongoing share buyback program initiated in September 2024. This transaction, which maintains the company’s issued share capital unchanged, is part of a strategic move to optimize its capital structure and potentially enhance shareholder value. The company remains in an offer period, and the share buyback could impact its market standing and stakeholder interests.
More about Team Internet Group
Team Internet Group PLC is a leading global internet solutions company operating in two significant markets: high-growth digital advertising and domain name management solutions. The company’s Online Marketing segment specializes in privacy-safe, AI-generated online consumer journeys, while the Online Presence segment focuses on managing digital products distribution, generating recurring revenue through subscription models and revenue-sharing contracts.
YTD Price Performance: 12.65%
Average Trading Volume: 752,200
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £259.1M
For an in-depth examination of TIG stock, go to TipRanks’ Stock Analysis page.
