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An update from Team Internet Group ( (GB:TIG) ) is now available.
Team Internet Group plc announced the repurchase of 94,574 ordinary shares as part of its ongoing share buyback program. Despite this transaction, the company’s issued share capital remains unchanged. This strategic move is part of the company’s efforts to manage its capital structure effectively, potentially enhancing shareholder value while navigating through an offer period under the UK Takeover Code.
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 solutions markets. The company focuses on creating meaningful connections across businesses, consumers, and advertisers. Its operations are divided into two segments: Online Marketing, which utilizes privacy-safe and AI-generated consumer journeys, and Online Presence, offering subscription-based and utility-style revenue models.
YTD Price Performance: 9.88%
Average Trading Volume: 594,459
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £241.7M
For detailed information about TIG stock, go to TipRanks’ Stock Analysis page.
