An update from Team Internet Group ( (GB:TIG) ) is now available.
Team Internet Group plc announced the purchase of 32,889 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Zeus Capital Limited, reflects the company’s strategy to manage its share capital and potentially enhance shareholder value. Following the purchase, the company’s total voting rights stand at 248,179,592. The buyback program is part of Team Internet’s broader financial strategy, and further announcements are expected as the program progresses.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company that operates in the 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 utilizes 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 through subscription recurring revenues and revenue share contracts.
YTD Price Performance: -38.79%
Average Trading Volume: 738,431
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £139.6M
For an in-depth examination of TIG stock, go to TipRanks’ Stock Analysis page.