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Team Internet Group ( (GB:TIG) ) has issued an update.
Team Internet Group plc announced the repurchase of 55,484 ordinary shares as part of its ongoing share buyback program initiated in September 2024. This transaction, executed through Zeus Capital Limited, maintains the company’s issued share capital at 273,500,000, with total voting rights now at 248,319,519. The buyback program is expected to enhance shareholder value and reflects the company’s confidence in its market position and future growth prospects.
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 specializes in privacy-safe, AI-generated consumer journeys, while the Online Presence segment serves as a primary distribution channel for digital products, generating high-quality earnings from subscription recurring revenues and revenue share contracts.
YTD Price Performance: -39.43%
Average Trading Volume: 732,625
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £138.2M
For an in-depth examination of TIG stock, go to TipRanks’ Stock Analysis page.