Team Internet Group ( (GB:TIG) ) has provided an update.
Team Internet Group plc announced the repurchase of 264,988 ordinary shares as part of its ongoing share buyback program, maintaining its issued share capital at 273,500,000. This transaction, executed through Zeus Capital Limited, reflects the company’s strategic efforts to manage its capital structure and enhance shareholder value, with implications for voting rights and stakeholder interests.
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 focuses on creating meaningful connections between businesses and domains, brands and consumers, and 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 serves as a primary distribution channel for digital products, generating high-quality earnings from subscription recurring revenues and revenue share contracts.
YTD Price Performance: -36.66%
Average Trading Volume: 757,320
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £144.3M
For detailed information about TIG stock, go to TipRanks’ Stock Analysis page.