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Team Internet Group ( (GB:TIG) ) has provided an update.
Team Internet Group announced the purchase of 159,345 ordinary shares as part of a share buyback program initiated in September 2024. This transaction, which was executed through Zeus Capital Limited, reflects the company’s strategy to manage its share capital effectively. The repurchased shares are held in treasury, impacting the total voting rights, now standing at 252,780,936. The share buyback is seen as a move to enhance shareholder value and optimize the capital structure, with further purchases to be announced in due course.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company operating in two main markets: digital advertising and domain name management solutions. The company’s Online Marketing segment creates privacy-safe and AI-generated consumer journeys through advertorial and review websites, converting general interest online media users into confident consumers. Its Online Presence segment is a key component in the global online presence and productivity tool ecosystem, serving as a primary distribution channel for various digital products. Team Internet generates high-quality earnings from subscription recurring revenues in the Online Presence segment and revenue share on rolling utility-style contracts in the Online Marketing segment.
YTD Price Performance: -26.25%
Average Trading Volume: 654,421
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £222.9M
For detailed information about TIG stock, go to TipRanks’ Stock Analysis page.
