Team Internet Group Executes Share Buyback Amid Ongoing Offer Period

Team Internet Group ( (GB:TIG) ) just unveiled an update.

Team Internet Group plc has executed a share buyback program, purchasing 129,287 ordinary shares as part of a previously announced buyback initiative. This transaction, part of their strategic financial management, maintains the company’s issued share capital unchanged at 273,500,000, while the total voting rights have adjusted to 251,528,709. This move is seen as an effort to optimize the capital structure and enhance shareholder value, amid the company’s ongoing offer period, signaling confidence in its market position and future 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 successful connections between businesses and domains, brands and consumers, as well as publishers and advertisers. It generates high-quality earnings from subscription recurring revenues in the Online Presence segment and revenue share on rolling utility-style contracts in the Online Marketing segment.

YTD Price Performance: 11.58%

Average Trading Volume: 739,680

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £252.3M

For a thorough assessment of TIG stock, go to TipRanks’ Stock Analysis page.