Team Internet Group Enhances Shareholder Value Through Strategic Buyback

Team Internet Group ( (GB:TIG) ) has provided an update.

Team Internet Group plc has announced a recent purchase of 45,822 ordinary shares as part of its ongoing share buyback programme initiated in September 2024. This transaction leaves the company’s issued share capital unchanged, with implications for its voting rights and investor notifications under FCA regulations. The buyback is intended to optimize capital structure and support shareholder value, with further purchases anticipated.

More about Team Internet Group

Team Internet Group plc is a global internet solutions company that specializes in creating meaningful connections across two main segments: high-growth digital advertising and domain name management solutions. The company operates in the Online Marketing segment, which focuses on privacy-safe and AI-generated online consumer journeys, and the Online Presence segment, a key player in the global online presence ecosystem, providing a distribution channel for digital products. Team Internet’s revenue is driven by subscription-based recurring revenues and revenue-sharing contracts.

YTD Price Performance: -24.86%

Average Trading Volume: 665,210

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £226.7M

For a thorough assessment of TIG stock, go to TipRanks’ Stock Analysis page.