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Team Internet Group ( (GB:TIG) ) has provided an announcement.
Team Internet Group plc has announced the purchase of 101,302 ordinary shares as part of its ongoing share buyback program initiated in September 2024. This transaction does not change the company’s issued share capital but affects the total voting rights, now standing at 249,652,262. The buyback is part of the company’s strategic financial management, aiming to optimize capital structure and potentially enhance shareholder value. This move may indicate a positive outlook on the company’s future performance and confidence in its current market position.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company operating in two key markets: high-growth digital advertising and domain name management solutions. The company’s Online Marketing segment focuses on creating AI-generated online consumer journeys, while the Online Presence segment acts as a primary distribution channel for various digital products, generating high-quality earnings from subscription recurring revenues and revenue share contracts.
YTD Price Performance: 7.33%
Average Trading Volume: 650,992
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £240.9M
For a thorough assessment of TIG stock, go to TipRanks’ Stock Analysis page.
