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Team Internet Group ( (GB:TIG) ) has shared an announcement.
Team Internet Group has recently executed a share buyback transaction, purchasing 45,703 of its own ordinary shares as part of its ongoing Buyback Programme announced in September 2024. This move is expected to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing earnings per share and signaling confidence in the company’s financial health. The company’s share capital remains unchanged post-transaction, with the total voting rights now at 252,114,957. Further purchases may be announced as the Buyback Programme continues.
More about Team Internet Group
Team Internet Group plc is a global internet solutions company that facilitates meaningful connections across various sectors. The company operates in two main markets: high-growth digital advertising through its Online Marketing segment and domain name management solutions via its Online Presence segment. The Online Marketing segment focuses on creating AI-generated consumer journeys, while the Online Presence segment serves as a key distribution channel for digital products, generating subscription-based recurring revenues and revenue share contracts.
YTD Price Performance: -4.14%
Average Trading Volume: 671,703
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £222.2M
For detailed information about TIG stock, go to TipRanks’ Stock Analysis page.
