Team Internet Group ( (GB:TIG) ) just unveiled an update.
Team Internet Group plc has announced the repurchase of 186,319 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Zeus Capital Limited, reflects the company’s commitment to enhancing shareholder value and maintaining financial flexibility. The repurchase does not change the company’s issued share capital, which remains at 273,500,000, but it does adjust the total voting rights to 246,204,247. This strategic move is expected to positively impact the company’s market positioning by reinforcing investor confidence and potentially increasing share value.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company that operates in the high-growth digital advertising and domain name management solutions markets. The company focuses on creating meaningful connections between businesses and domains, brands and consumers, and publishers and advertisers. Its Online Marketing segment uses privacy-safe and AI-generated consumer journeys to convert media users into consumers, while the Online Presence segment serves as a primary distribution channel for digital products, generating high-quality earnings through subscription recurring revenues and revenue share contracts.
YTD Price Performance: -43.25%
Average Trading Volume: 807,644
Technical Sentiment Signal: Strong Buy
Current Market Cap: £128.4M
See more insights into TIG stock on TipRanks’ Stock Analysis page.