Team Internet Group ( (GB:TIG) ) has issued an announcement.
Team Internet Group plc announced the purchase of 55,329 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Zeus Capital Limited, reflects the company’s strategic efforts to manage its capital structure and potentially enhance shareholder value. The total voting rights in the company have been adjusted accordingly, with further announcements expected as the buyback program continues.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company that operates in two highly attractive markets: high-growth digital advertising and domain name management solutions. The company creates meaningful connections from businesses to domains, brands to consumers, and publishers to advertisers, enabling digital ambitions. Its Online Marketing segment focuses on privacy-safe, AI-generated consumer journeys, while the Online Presence segment serves as a primary distribution channel for digital products, generating high-quality earnings from subscription recurring revenues and revenue share contracts.
YTD Price Performance: -32.52%
Average Trading Volume: 829,754
Technical Sentiment Signal: Buy
Current Market Cap: £153.4M
For a thorough assessment of TIG stock, go to TipRanks’ Stock Analysis page.