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Team Internet Group ( (GB:TIG) ) has issued an update.
Team Internet Group plc announced the purchase of 147,682 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Zeus Capital Limited, aims to optimize the company’s capital structure. The share buyback does not alter the company’s issued share capital, which remains at 273,500,000, but it does change the total voting rights to 251,827,088. The move is part of strategic efforts to enhance shareholder value and may affect stakeholders’ interest calculations as per FCA guidelines.
More about Team Internet Group
Team Internet Group plc is a global internet solutions company that operates in two major markets: high-growth digital advertising and domain name management solutions. The company generates high-quality earnings from subscription recurring revenues in the Online Presence segment and revenue share on rolling utility-style contracts in the Online Marketing segment. It creates privacy-safe and AI-generated online consumer journeys and serves as a primary distribution channel for a wide range of digital products.
YTD Price Performance: 8.61%
Average Trading Volume: 775,495
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £254.6M
Find detailed analytics on TIG stock on TipRanks’ Stock Analysis page.
