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The latest announcement is out from Team Internet Group ( (GB:TIG) ).
Team Internet Group plc announced the purchase of 86,900 ordinary shares under its share buyback programme, initially launched in September 2024. This transaction, which maintains the company’s issued share capital at 273,500,000 and adjusts the total voting rights to 251,441,809, reflects strategic financial management aimed at optimizing shareholder value amid the ongoing offer period. The move is part of broader efforts to strengthen the company’s market position and enhance its appeal to stakeholders.
More about Team Internet Group
Team Internet Group plc is a global internet solutions company focused on generating recurring revenue through creating effective connections between businesses and domains, brands and consumers, and publishers and advertisers. It operates in the high-growth markets of digital advertising and domain name management solutions, providing privacy-safe, AI-generated consumer journeys and serving as a primary distribution channel for digital products. The company’s revenue model includes subscription-based earnings and revenue shares from utility-style contracts.
YTD Price Performance: 12.22%
Average Trading Volume: 738,864
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £259.4M
See more insights into TIG stock on TipRanks’ Stock Analysis page.
