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Team Internet Group Executes Strategic Share Buyback

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Team Internet Group Executes Strategic Share Buyback

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

Team Internet Group has executed a share buyback of 59,898 ordinary shares as part of a previously announced buyback program. This transaction maintains the company’s issued share capital unchanged and adjusts the total voting rights to 249,214,125. The move is a part of a strategic initiative amid an ongoing offer period, potentially influencing shareholder interests and market positioning.

More about Team Internet Group

Team Internet Group plc, trading under the symbols AIM: TIG and OTCQX: TIGXF, is a global internet solutions company specializing in digital advertising and domain name management. The company operates in two key markets: the Online Marketing segment, which focuses on creating privacy-safe, AI-driven consumer journeys, and the Online Presence segment, which serves as a primary distribution channel for various digital products. They generate high-quality earnings through subscription-based recurring revenues and revenue-sharing contracts.

YTD Price Performance: 9.88%

Average Trading Volume: 594,459

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £241.7M

For detailed information about TIG stock, go to TipRanks’ Stock Analysis page.

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