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Team Internet Group ( (GB:TIG) ) has issued an update.
Team Internet Group plc announced the repurchase of 32,178 ordinary shares as part of its ongoing share buyback program, initially announced in September 2024. This transaction leaves the company with a total of 22,090,369 shares in treasury and 251,409,631 voting rights. The transaction underscores Team Internet’s strategic efforts to manage share capital while signaling confidence to stakeholders amidst ongoing market activities, including entering an offer period earlier this month.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company operating in the digital advertising and domain name management markets. The company focuses on creating meaningful connections between businesses, domains, brands, consumers, publishers, and advertisers. Its Online Marketing segment uses privacy-safe and AI-generated consumer journeys to convert media users into consumers, while the Online Presence segment is a key part of the global online presence ecosystem, offering subscription-based recurring revenue and revenue share from digital products.
YTD Price Performance: 12.22%
Average Trading Volume: 738,864
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £259.4M
For an in-depth examination of TIG stock, go to TipRanks’ Stock Analysis page.
