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Team Internet Group ( (GB:TIG) ) has provided an update.
Team Internet Group plc announced the purchase of 86,900 ordinary shares as part of its ongoing share buyback programme initiated on 9 September 2024. This transaction is part of the company’s strategy to manage its capital structure, with the total voting rights now adjusted to 251,441,809 shares. The announcement aligns with the company’s broader strategy during an ongoing offer period, impacting its market positioning and shareholder value.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company that specializes in creating meaningful connections across two primary sectors: high-growth digital advertising and domain name management solutions. The company operates through its Online Marketing segment, which uses privacy-safe and AI-generated content to engage online users, and its Online Presence segment, which acts as a distribution channel for digital products, generating recurring subscription revenues.
YTD Price Performance: 12.22%
Average Trading Volume: 738,864
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £259.4M
For detailed information about TIG stock, go to TipRanks’ Stock Analysis page.
