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Team Internet Group ( (GB:TIG) ) has provided an update.
Team Internet Group plc announced the repurchase of 150,504 ordinary shares as part of its ongoing share buyback programme. This transaction, executed through Zeus Capital Limited, reflects the company’s strategic initiative to manage its share capital effectively. The total voting rights now stand at 250,901,660, with the company holding 22,598,340 shares in treasury. This move aligns with the company’s current offer period under the City Code on Takeovers and Mergers, potentially impacting its market dynamics and shareholder interests.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company that operates in the digital advertising and domain name management solutions markets. The company facilitates connections between businesses, domains, brands, consumers, publishers, and advertisers, primarily through its Online Marketing and Online Presence segments. These segments generate high-quality earnings from subscription-based recurring revenues and revenue-sharing contracts, focusing on privacy-safe, AI-generated consumer journeys and serving as a distribution channel for various digital products.
YTD Price Performance: 12.86%
Average Trading Volume: 748,097
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £269.6M
Find detailed analytics on TIG stock on TipRanks’ Stock Analysis page.
