Team Internet Group ( (GB:TIG) ) has provided an update.
Team Internet Group plc has executed a share buyback, purchasing 63,468 ordinary shares as part of its ongoing buyback programme announced in September 2024. This transaction, executed through Zeus Capital Limited, maintains the company’s issued share capital at 273.5 million, with total voting rights now at 246,823,307. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
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 sectors. The company focuses on creating meaningful connections between businesses, domains, brands, consumers, publishers, and advertisers. Its Online Marketing segment leverages privacy-safe, AI-generated consumer journeys to convert online media users into confident consumers, 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: -38.36%
Average Trading Volume: 836,906
Technical Sentiment Signal: Buy
Current Market Cap: £143.6M
For detailed information about TIG stock, go to TipRanks’ Stock Analysis page.