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The latest update is out from Team Internet Group ( (GB:TIG) ).
Team Internet Group plc has repurchased 192,084 of its own shares under a share buyback program announced in September 2024. This transaction, executed through Zeus Capital Limited, reflects the company’s strategy to optimize its capital structure and potentially enhance shareholder value. The buyback does not change the total issued share capital but increases the number of shares held in treasury to 20,103,689. The transaction may impact shareholder voting rights calculations as per FCA guidelines, with total voting rights now standing at 253,396,311.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company that focuses on creating meaningful and successful connections across two main segments: high-growth digital advertising and domain name management solutions. The company’s Online Marketing segment develops privacy-safe and AI-generated consumer journeys converting general media users into high conviction consumers through advertorial and review websites. Meanwhile, the Online Presence segment is integral to the global online presence and productivity tool ecosystem, primarily distributing a wide range of digital products. Team Internet’s business model is driven by subscription-based recurring revenues in the Online Presence segment and revenue sharing on utility-style contracts in the Online Marketing segment.
YTD Price Performance: -23.15%
Average Trading Volume: 637,963
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £232.8M
See more insights into TIG stock on TipRanks’ Stock Analysis page.
