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Team Internet Group ( (GB:TIG) ) has issued an announcement.
Team Internet Group plc announced the repurchase of 208,473 ordinary shares as part of its ongoing share buyback programme. This transaction, executed through Zeus Capital Limited, reflects the company’s strategic approach to managing its capital structure and potentially enhancing shareholder value. The company’s issued share capital remains unchanged, with total voting rights now at 246,390,566. This move may influence stakeholders’ calculations regarding their interest in the company under the FCA’s rules.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company that operates in two key 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 serves as a primary distribution channel for digital products, generating high-quality earnings from subscription revenues and utility-style contracts.
YTD Price Performance: -37.94%
Average Trading Volume: 836,664
Technical Sentiment Signal: Strong Buy
Current Market Cap: £139.8M
Learn more about TIG stock on TipRanks’ Stock Analysis page.