Team Internet Group ( (GB:TIG) ) has shared an update.
Team Internet Group announced a share buyback transaction, purchasing 48,000 ordinary shares as part of its ongoing buyback program. This move is part of the company’s strategic efforts to manage its capital structure and enhance shareholder value. Following the transaction, the total voting rights in the company are now 248,894,935, with 24,605,065 shares held in treasury. The announcement also confirms the company’s entry into an offer period, indicating potential strategic developments that could impact its market positioning.
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 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 serves as a primary distribution channel for digital products, generating recurring subscription revenues.
YTD Price Performance: 7.33%
Average Trading Volume: 611,434
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £245.5M
For an in-depth examination of TIG stock, go to TipRanks’ Stock Analysis page.