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Team Internet Group ( (GB:TIG) ) has issued an update.
Team Internet Group plc has repurchased 100,601 ordinary shares as part of its ongoing share buyback program. This transaction reflects the company’s commitment to managing its capital structure and could potentially enhance shareholder value. The issued share capital remains unchanged, and the total voting rights now stand at 249,374,236. The repurchase is part of a broader strategy as the company is in an offer period under the City Code on Takeovers and Mergers, which may impact stakeholders depending on future developments.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company that operates in the digital advertising and domain name management markets. The company focuses on creating meaningful connections across its Online Marketing and Online Presence segments, offering AI-generated consumer journeys and serving as a key distribution channel for digital products. Team Internet generates recurring revenue from subscriptions and revenue-sharing contracts.
YTD Price Performance: 5.10%
Average Trading Volume: 610,211
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £240.9M
For detailed information about TIG stock, go to TipRanks’ Stock Analysis page.
