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Team Internet Group ( (GB:TIG) ) has shared an announcement.
Team Internet Group plc announced the repurchase of 150,504 ordinary shares as part of its ongoing share buyback programme. This transaction does not alter the company’s issued share capital, which remains at 273,500,000, but it does impact the total voting rights, now adjusted to 250,901,660. This move is part of a strategic effort to enhance shareholder value and underscores the company’s confidence in its future prospects, as they continue to engage in potential offer discussions.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company that operates in the high-growth digital advertising and domain name management solutions markets. The company facilitates connections between businesses and domains, brands and consumers, and publishers and advertisers. It generates recurring revenues from subscription services in its Online Presence segment and revenue shares from utility-style contracts in its Online Marketing segment.
YTD Price Performance: 12.86%
Average Trading Volume: 748,097
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £269.6M
For detailed information about TIG stock, go to TipRanks’ Stock Analysis page.
