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Team Internet Group ( (GB:TIG) ) just unveiled an announcement.
Team Internet Group plc announced the repurchase of 136,799 ordinary shares as part of its ongoing share buyback program, initially launched in September 2024. This transaction reflects Team Internet’s strategic financial management, potentially enhancing shareholder value. The company’s issued share capital remains unchanged, but total voting rights have been adjusted, impacting how stakeholders calculate their interests. The buyback aligns with Team Internet’s efforts to optimize its financial structure and signals confidence in its market positioning during an active offer period.
More about Team Internet Group
Team Internet Group plc is a leading global internet solutions company operating in the digital advertising and domain name management sectors. The company focuses on creating connections between businesses and domains, brands and consumers, and publishers and advertisers. Team Internet’s Online Marketing segment utilizes privacy-safe and AI-generated online consumer journeys, while the Online Presence segment serves as a primary distribution channel for digital products, generating high-quality subscription and utility-style recurring revenues.
YTD Price Performance: 9.88%
Average Trading Volume: 770,843
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £254.6M
See more insights into TIG stock on TipRanks’ Stock Analysis page.