Team Internet Group ( (GB:TIG) ) has shared an announcement.
Team Internet Group plc has announced the repurchase of 50,000 ordinary shares as part of its ongoing share buyback programme. This transaction, executed at a price of 59 pence per share, reflects the company’s strategic initiative to manage its capital structure and potentially enhance shareholder value. The total voting rights in the company have been adjusted accordingly, and further announcements regarding the buyback programme are anticipated.
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 leverages 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: -32.31%
Average Trading Volume: 789,674
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £144.3M
For an in-depth examination of TIG stock, go to TipRanks’ Stock Analysis page.