An announcement from Team Internet Group ( (GB:TIG) ) is now available.
Team Internet Group plc announced the purchase of 170,795 ordinary shares as part of its share buyback programme. This transaction, executed through Zeus Capital Limited, reflects the company’s strategic move to manage its share capital effectively. The buyback does not alter the company’s issued share capital but adjusts the total voting rights, which may impact shareholder calculations under FCA rules. The company plans to continue with further purchases under the buyback programme, potentially influencing its market positioning and shareholder 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 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 online media users into consumers, 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: -41.76%
Average Trading Volume: 701,106
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £130.2M
See more insights into TIG stock on TipRanks’ Stock Analysis page.