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An update from Team Internet Group ( (GB:TIG) ) is now available.
Team Internet Group plc announced the purchase of 130,145 ordinary shares as part of its share buyback program. This transaction, executed through Zeus Capital Limited, is part of a strategic initiative announced in September 2024. The company’s issued share capital remains unchanged, and the total voting rights are now 250,513,903. This buyback is expected to impact the company’s market positioning by potentially enhancing shareholder value and stabilizing share prices.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company that operates in high-growth digital advertising and domain name management solutions markets. The company’s Online Marketing segment focuses on creating privacy-safe and AI-generated online consumer journeys, while the Online Presence segment serves as a primary distribution channel for various digital products. Team Internet generates high-quality earnings from subscription recurring revenues and revenue share on rolling utility-style contracts.
YTD Price Performance: 14.77%
Average Trading Volume: 744,539
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £264.3M
See more insights into TIG stock on TipRanks’ Stock Analysis page.
