Team Internet Group ( (GB:TIG) ) just unveiled an announcement.
Team Internet Group plc announced the repurchase of 306,998 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Zeus Capital Limited, reflects the company’s strategy to enhance shareholder value and optimize its capital structure. The repurchase does not alter the issued share capital, but it does adjust the total voting rights, which may impact shareholder calculations under regulatory guidelines.
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. It operates through two segments: Online Marketing, which uses privacy-safe and AI-generated consumer journeys, and Online Presence, which serves as a primary distribution channel for digital products. The company generates high-quality earnings from subscription recurring revenues and revenue share contracts.
YTD Price Performance: -34.43%
Average Trading Volume: 842,366
Technical Sentiment Signal: Buy
Current Market Cap: £149M
For an in-depth examination of TIG stock, go to TipRanks’ Stock Analysis page.