REG - Team PLC - Holding(s) in Company

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RNS Number : 9873Z  Team PLC  10 April 2026

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)
 UK issuer
 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                                                                                                                                                                                                       X
 An event changing the breakdown of voting rights
 Other (please specify) (iii):
 3. Details of person subject to the notification obligation (iv)
 Name                                                                                                                                                         Tetragon Partners UK LLP
 City and country of registered office (if applicable)                                                                                                        London, United Kingdom
 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):                                                                                                  25.03.26
 6. Date on which issuer notified (DD/MM/YYYY):                                                                                                               08.04.26
 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  14.06223%                                              2.1966%                                               16.25883%                       16.25883%
 Position of previous notification (if

 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                                                                                                     15,426,336                                                                                       14.0622%

 SUBTOTAL 8. A                                                                          15,426,336                                                                14.06223%

 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)
 Contracts for differences relating to ordinary shares (JE00BM90BX45)  N/A                          N/A                         Cash                                                      2,409,678                2.1966%

                                                                                                                                SUBTOTAL 8.B.2                                            2,409,678                2.1966%

 

 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    X
 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)              Name of Controlled Undertaking  % 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
 Reade Eugene Griffith  Tetragon Partners UK LLP        14.06223%                                                                   2.1966%                                                                     16.25883%

 

 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)
 Shareholding following completion of TEAM plc acquisition of WH Ireland plc.
 Reade Eugene Griffith is the ultimate controlling natural person of Tetragon
 Partners UK LLP, an investment manager which has investment discretion over
 certain funds and managed accounts.

 

 Place of completion  London, UK
 Date of completion   09 April 2026

 

 

 

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