Team Internet Group ( (GB:TIG) ) just unveiled an update.
Team Internet Group plc has repurchased 224,268 ordinary shares as part of its ongoing share buyback program, which was initially announced in September 2024. This transaction, executed through Zeus Capital Limited, maintains the company’s issued share capital at 273,500,000, with 26,900,961 shares held in treasury. The buyback aims to optimize capital structure and potentially enhance shareholder value, reflecting the company’s strategic financial management.
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 facilitates connections between businesses and domains, brands and consumers, and publishers and advertisers. It generates revenue through subscription-based services in its Online Presence segment and revenue-sharing contracts in its Online Marketing segment.
YTD Price Performance: -37.94%
Average Trading Volume: 836,664
Technical Sentiment Signal: Buy
Current Market Cap: £139.8M
Learn more about TIG stock on TipRanks’ Stock Analysis page.