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The latest announcement is out from Team Internet Group ( (GB:TIG) ).
Team Internet Group plc has made a strategic move by purchasing 141,806 of its own shares as part of a share buyback programme. This transaction, executed through Zeus Capital Limited, is part of the company’s efforts to manage its capital structure effectively. Following the buyback, the company’s total voting rights have been updated to reflect the new holdings, which may influence stakeholder interest notifications under regulatory guidelines. This announcement comes as the company has entered an offer period, indicating potential strategic opportunities ahead.
More about Team Internet Group
Team Internet Group plc is a global internet solutions company that operates in the digital advertising and domain name management markets. It focuses on creating meaningful connections between businesses and domains, brands and consumers, and publishers and advertisers. The company generates high-quality earnings from subscription recurring revenues in its Online Presence segment and revenue share on rolling utility-style contracts in its Online Marketing segment.
YTD Price Performance: 14.35%
Average Trading Volume: 739,667
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £264.2M
For detailed information about TIG stock, go to TipRanks’ Stock Analysis page.
