Team Internet Group Announces Share Buyback
Why we think this is neutral
The RNS appears to be a routine regulatory announcement regarding a share buyback program, with limited additional context or information provided. While the share buyback could be seen as a positive signal, the lack of commentary on the Company's performance and outlook, as well as the significant discount to the 52-week high, suggests a neutral sentiment.
Key Points
- Team Internet Group purchased 119,342 of its own shares on 7 February 2025
- Shares were bought at prices between 102-104 pence, with a volume weighted average price of 103.0112 pence
- Company's issued share capital remains unchanged at 273,500,000 shares
- Company now holds 23,546,806 shares in treasury
- Total voting rights in the Company is now 249,953,194
Summary
Team Internet Group plc (AIM: TIG, OTCQX: TIGXF) has announced the purchase of 119,342 of its own ordinary shares on 7 February 2025 as part of its previously announced share buyback program. The shares were purchased at prices ranging from 102 pence to 104 pence per share, with a volume weighted average price of 103.0112 pence. The Company's issued share capital remains unchanged at 273,500,000 shares, with the Company now holding 23,546,806 shares in treasury. The total voting rights in the Company is now 249,953,194.