Team Internet Group ( (GB:TIG) ) has provided an announcement.
Team Internet Group plc announced the repurchase of 47,701 ordinary shares as part of its ongoing share buyback program. This transaction, executed at a price of 67.5 pence per share, does not change the company’s issued share capital but adjusts the total voting rights, potentially impacting shareholder calculations under regulatory guidelines. The buyback reflects the company’s strategic financial management and may influence its market positioning by enhancing shareholder value.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company that operates in two major markets: digital advertising and domain name management solutions. The company focuses on creating 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 is a key part of the global online presence and productivity tool ecosystem, generating high-quality earnings from subscription recurring revenues and revenue share contracts.
YTD Price Performance: -28.06%
Average Trading Volume: 826,642
Technical Sentiment Signal: Buy
Current Market Cap: £163.7M
See more data about TIG stock on TipRanks’ Stock Analysis page.