Team Internet Group ( (GB:TIG) ) has issued an update.
Team Internet Group plc announced the repurchase of 102,299 ordinary shares as part of its ongoing share buyback program. This transaction, conducted on 28 February 2025, reflects the company’s strategic efforts to manage its share capital effectively. The repurchase does not alter the company’s issued share capital but adjusts the total voting rights, now standing at 248,792,636. This move is part of the company’s broader financial strategy during its offer period, potentially impacting shareholder interests and market positioning.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company that operates in two primary markets: digital advertising and domain name management solutions. The company focuses on creating meaningful connections between businesses, domains, brands, consumers, publishers, and advertisers. Their Online Marketing segment utilizes privacy-safe, AI-generated consumer journeys to convert online media users into high conviction consumers, while the Online Presence segment serves as a key distribution channel for digital products, generating high-quality earnings from subscription recurring revenues and revenue share contracts.
YTD Price Performance: 5.10%
Average Trading Volume: 584,545
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £240.3M
Learn more about TIG stock on TipRanks’ Stock Analysis page.