Team Internet Group ( (GB:TIG) ) has issued an update.
Team Internet Group plc announced the repurchase of 23,737 ordinary shares as part of its ongoing share buyback programme. This transaction reflects the company’s strategic efforts to manage its capital structure and potentially enhance shareholder value, while maintaining its issued share capital unchanged at 273,500,000. The buyback is part of a broader initiative announced in September 2024, and further purchases are expected to be announced in due course.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company that operates in two primary markets: digital advertising and domain name management solutions. The company’s Online Marketing segment focuses on creating privacy-safe and AI-generated consumer journeys, while the Online Presence segment acts as a primary distribution channel for various digital products. Team Internet generates high-quality earnings through subscription recurring revenues and revenue share contracts.
YTD Price Performance: -37.94%
Average Trading Volume: 723,773
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £141.6M
Learn more about TIG stock on TipRanks’ Stock Analysis page.