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Team Internet Group ( (GB:TIG) ) has issued an update.
Team Internet Group plc announced a share buyback, purchasing 153,506 ordinary shares as part of its ongoing Buyback Programme, maintaining its issued share capital at 273,500,000 shares. This transaction reflects the company’s strategy to manage its capital structure and enhance shareholder value, while the total voting rights now stand at 250,360,397. The company is currently in an offer period for potential takeovers, which could impact its strategic positioning and stakeholder interests.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company, operating in the high-growth digital advertising and domain name management markets. The company facilitates connections between businesses, domains, brands, and consumers, and offers privacy-safe, AI-generated online consumer journeys through its Online Marketing segment. Its Online Presence segment provides essential digital products, generating high-quality earnings from subscription revenues and utility-style contracts.
YTD Price Performance: 14.77%
Average Trading Volume: 744,539
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £264.3M
For detailed information about TIG stock, go to TipRanks’ Stock Analysis page.
