REG - Team PLC - Holding(s) in Company - New Strategic Shareholder
07/11/2024 07:00
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RNS Number : 2636L Team PLC 07 November 2024
7 November 2024
("TEAM", the "Company" or the "Group")
Holding(s) in Company - New Strategic Holder
TEAM plc Welcomes Salus Alpha Financial Services AG as New Strategic
Shareholder
TEAM plc (AIM: TEAM), a Jersey-based financial services company, is pleased to
announce a significant change in its shareholder structure. Salus Alpha
Financial Services AG ("SAFSAG"), a Liechtenstein-based investment firm, has
acquired a substantial holding in TEAM plc, representing an 8.9% stake in the
Company.
This strategic market acquisition underlines SAFSAG's commitment to TEAM plc
and its confidence in the Company's growth trajectory. The transaction further
aligns TEAM plc with a long-term oriented investor with a deep understanding
of the financial services sector. SAFSAG's investment is expected to support
TEAM plc's vision of delivering value and growth to its clients, shareholders,
and stakeholders.
Commenting on the acquisition, TEAM plc Executive Chairman, Mark Clubb said:
"We are excited to welcome SAFSAG as a valued shareholder. Their commitment as
a long-term investor highlights their belief in TEAM plc's potential, and we
look forward to working together to enhance value for our stakeholders. This
addition marks an important milestone in our strategic journey, as SAFSAG's
expertise and insight into financial markets will contribute to TEAM plc's
ongoing success."
SAFSAG's investment strengthens TEAM plc's shareholder base as the Company
continues to develop its services and expand its reach. The addition of SAFSAG
reinforces TEAM plc's mission of becoming a leading financial services
provider while maintaining sustainable growth and profitability.
About TEAM plc
TEAM plc is a Jersey-based financial services company specializing in wealth
and asset management. With a strong commitment to client-centered solutions
and a forward-thinking approach to financial planning, TEAM plc is dedicated
to delivering consistent, long-term value.
About Salus Group
Salus Alpha is a collective wealth management company based in Liechtenstein
and Luxembourg, featuring a proprietary digital investment platform.
Specializing in comprehensive solutions for independent asset managers,
distribution partners and investors, Salus Alpha combines regulatory expertise
with advanced technology for modern portfolio management across the European
region and beyond.
Enquiries to
TEAM plc +44 1534 877 210
(https://url.avanan.click/v2/___tel:+1534877210___.YXAxZTpzaG9yZWNhcDphOm86NTBkODM5NDVhYzUyMjRjNDQwMTMyNWUyM2NkMjkwNDM6NjpiMWZkOjA1ZTQ1MjRjZmJmMjY5OGEzMjdjMjRkODA4ZDg0MTc2ZmQ1ZWM5MGU0ZDk5YTk2YTViZjQxNmYzMjFjNGZiNjA6cDpU)
Mark Clubb, Executive Chair
Matthew Moore, CFO and COO
Strand Hanson (Nominated Adviser to TEAM) +44 207 409 3494
Richard Johnson, James Spinney, David Asquith
Oberon Capital (Broker to TEAM) +44 20 3179 0500
Michael Seabrook, Adam Pollock, Jessica Cave
Novella Communications (Financial Public Relations) +44 20 3151 7008
Tim Robertson, Claire de Groot, Safia Colebrook
Hannam & Partners (Financial Adviser to TEAM) +44 20 7907 8500
Giles Fitzpatrick, Richard Clarke
www.teamplc.co.uk
(https://url.avanan.click/v2/___http:/www.teamplc.co.uk___.YXAxZTpzaG9yZWNhcDphOm86NTBkODM5NDVhYzUyMjRjNDQwMTMyNWUyM2NkMjkwNDM6NjpmMGY2OmE3NmNlYjYzYmFhYjIwYzc2ODI1ZjkwYjQxODQ1ZjgwZjRhNGNiMWM4M2IwNTQ5Y2JlZWFmMjg2OGFjZWMyNWI6cDpU)
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the
FCA in Microsoft Word format if possible) (i)
1a. Identity of the issuer or the underlying issuer of existing shares to Team plc
which voting rights are attached (ii):
1b. Please indicate if the issuer is a non-UK issuer (please mark with an
"X" if appropriate)
Non-UK issuer X
2. Reason for the notification (please mark the appropriate box or boxes with
an "X")
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) (iii):
3. Details of person subject to the notification obligation (iv)
Name STRATEGIC VENTURES PRIVATE EUROPE LTD
City and country of registered office (if applicable) Tortola, BVI
4. Full name of shareholder(s) (if different from 3.) (v)
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached (vi): 6(th) November 2024
6. Date on which issuer notified (DD/MM/YYYY): 6(th) November 2024
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A) % of voting rights through financial instruments Total of both in % (8.A + 8.B) Total number of voting rights held in issuer (8.A + 8.B) (vii)
(total of 8.B 1 + 8.B 2)
Resulting situation on the date on which threshold was crossed or reached 0% 0
Position of previous notification (if 10.84%
applicable)
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached (viii)
A: Voting rights attached to shares
Class/type of Number of voting rights (ix) % of voting rights
shares
ISIN code (if possible)
Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
JE00BM90BX45 0 0%
SUBTOTAL 8. A
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument Expiration Exercise/ Number of voting rights that may be acquired if the instrument is % of voting rights
date (x)
Conversion Period (xi)
exercised/converted.
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R
(1) (b)
Type of financial instrument Expiration Exercise/ Physical or cash Number of voting rights % of voting rights
date (x)
Conversion Period (xi)
Settlement (xii)
SUBTOTAL 8.B.2
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural
person or legal entity and does not control any other undertaking(s) holding
directly or indirectly an interest in the (underlying) issuer (xiii)
Full chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (please add additional rows as
necessary) (xiv)
Name (xv) % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher Total of both if it equals or is higher than the notifiable threshold
than the notifiable threshold
Strategic Venture Private Europe Limited
Urs Thomas Christen
Patrick Leotard-Vogt 0%
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information (xvi)
Place of completion London
Date of completion 6(th) November 2024
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the
FCA in Microsoft Word format if possible) (i)
1a. Identity of the issuer or the underlying issuer of existing shares to Team plc
which voting rights are attached (ii):
1b. Please indicate if the issuer is a non-UK issuer (please mark with an
"X" if appropriate)
Non-UK issuer X
2. Reason for the notification (please mark the appropriate box or boxes with
an "X")
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) (iii):
3. Details of person subject to the notification obligation (iv)
Name Salus Alpha Financial Services AG
City and country of registered office (if applicable) Industriering 3, 9491 Ruggell, Liechtenstein
4. Full name of shareholder(s) (if different from 3.) (v)
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached (vi): 6(th) November 2024
6. Date on which issuer notified (DD/MM/YYYY): 6(th) November 2024
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A) % of voting rights through financial instruments Total of both in % (8.A + 8.B) Total number of voting rights held in issuer (8.A + 8.B) (vii)
(total of 8.B 1 + 8.B 2)
Resulting situation on the date on which threshold was crossed or reached 8.9% 3,519,711
Position of previous notification (if 0%
applicable)
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached (viii)
A: Voting rights attached to shares
Class/type of Number of voting rights (ix) % of voting rights
shares
ISIN code (if possible)
Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
JE00BM90BX45 3,519,711 8.9%
SUBTOTAL 8. A 3,519,711 8.9%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument Expiration Exercise/ Number of voting rights that may be acquired if the instrument is % of voting rights
date (x)
Conversion Period (xi)
exercised/converted.
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R
(1) (b)
Type of financial instrument Expiration Exercise/ Physical or cash Number of voting rights % of voting rights
date (x)
Conversion Period (xi)
Settlement (xii)
SUBTOTAL 8.B.2
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural
person or legal entity and does not control any other undertaking(s) holding
directly or indirectly an interest in the (underlying) issuer (xiii)
Full chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (please add additional rows as
necessary) (xiv)
Name (xv) % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher Total of both if it equals or is higher than the notifiable threshold
than the notifiable threshold
Salus Alpha Financial Services AG
CEO: Christopher Roos
Chairman:
Dominik A. Lener
Patrick Leotard-Vogt 8.9% 8.9%
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information (xvi)
Place of completion Industriering 3, 9491 Ruggell, Liechtenstein
Date of completion 6(th) November 2024
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