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Team Internet Group Enhances Shareholder Value with Stock Buyback

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Team Internet Group Enhances Shareholder Value with Stock Buyback

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

Team Internet Group plc has repurchased 96,434 of its own shares as part of a buyback programme initiated in September 2024. This transaction maintains the company’s issued share capital at 273.5 million, with 24,476,883 shares now held in treasury. The move is part of the company’s strategic efforts to manage its capital and enhance shareholder value, potentially impacting its market positioning and indicating a confident outlook on its stock value.

More about Team Internet Group

Team Internet Group plc is a global internet solutions company specializing in two main sectors: digital advertising and domain name management solutions. The company generates its income through subscription-based revenues in the Online Presence segment and revenue-sharing contracts in the Online Marketing segment, focusing on creating privacy-safe and AI-generated consumer journeys.

YTD Price Performance: -0.11%

Average Trading Volume: 606,862

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £228.6M

Learn more about TIG stock on TipRanks’ Stock Analysis page.

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