Team Internet Group Enhances Shareholder Value with Share Buyback

Team Internet Group ( (GB:TIG) ) has issued an announcement.

Team Internet Group plc announced the repurchase of 107,038 ordinary shares as part of its ongoing share buyback programme. This transaction, executed through Zeus Capital Limited, reflects the company’s strategic focus on optimizing its capital structure. The buyback does not alter the company’s issued share capital but increases its treasury shares, impacting the total voting rights available to shareholders. This move is likely to strengthen Team Internet’s market position and potentially enhance shareholder value.

More about Team Internet Group

Team Internet Group plc is a leading global internet solutions company that operates in the digital advertising and domain name management solutions markets. The company facilitates connections between businesses and domains, brands and consumers, and publishers and advertisers. Its Online Marketing segment focuses on creating privacy-safe, AI-generated consumer journeys, while the Online Presence segment provides a distribution channel for digital products, generating high-quality earnings from subscription recurring revenues and revenue share contracts.

YTD Price Performance: -39.64%

Average Trading Volume: 743,024

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £138.2M

See more data about TIG stock on TipRanks’ Stock Analysis page.