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The latest update is out from Team Internet Group ( (GB:TIG) ).
Team Internet Group PLC announced the repurchase of 104,280 ordinary shares as part of its ongoing share buyback programme, maintaining its issued share capital at 273,500,000. This transaction, executed through Zeus Capital Limited, underscores the company’s commitment to enhancing shareholder value, with the total voting rights now at 252,401,939. The buyback reflects the company’s strategic focus on strengthening its market position and optimizing capital structure, potentially benefiting stakeholders with improved stock performance.
More about Team Internet Group
Team Internet Group PLC is a leading global internet solutions company that operates in the high-growth digital advertising and domain name management solutions markets. Its Online Marketing segment focuses on AI-generated consumer journeys through advertorial and review websites, while the Online Presence segment serves as a primary distribution channel for a wide range of digital products, generating high-quality subscription recurring revenues and revenue share from rolling utility-style contracts.
Average Trading Volume: 666,246
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £232M
Learn more about TIG stock on TipRanks’ Stock Analysis page.