REG - Team PLC - Issue of Equity and Total Voting Rights

TeamAnnouncement

27/10/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231027:nRSa4505Ra&default-theme=true

RNS Number : 4505R  Team PLC  27 October 2023

 27 October 2023

 

TEAM PLC

("TEAM", the "Company" or the "Group")

 

  Issue of Equity

And

Total Voting Rights

 

TEAM plc (AIM: TEAM), the wealth, asset management and complementary financial
services group, announces the issue of new ordinary shares of no par value
("Ordinary Shares") as consideration for the acquisitions of the Globaleye
Wealth Management Group ("Globaleye") and Concentric Group Limited
("Concentric") as follows:

 

·    following regulatory approval being received from the Jersey Financial
Services Commission, the issue of 6,208,667 Ordinary Shares to Strategic
Venture Partners Europe Limited as initial consideration pursuant to the
acquisition of Globaleye which was announced on 1 June 2023;  and

 

·     the issue of 1,820,402 Ordinary Shares as deferred consideration
pursuant to the acquisition of Concentric which was announced on 8 August
2022.

 

Application has been made to the London Stock Exchange for the 8,029,069 new
Ordinary Shares to be admitted to trading on AIM ("Admission") and it is
expected that Admission will become effective and trading will commence in the
New Ordinary Shares at 8.00 a.m. on 1 November 2023.

 

Total voting rights

Following Admission, the Company's issued share capital will comprise of
30,005,214 Ordinary Shares, none of which are held in treasury. Accordingly,
the figure of 30,005,214 may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the share capital of the
Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Enquiries to

 TEAM plc                                                                 +44 1534 877 210

 Mark Clubb, Executive Chair

 Matthew Moore, CFO and COO

 Shore Capital (Nominated Adviser)                                        +44 20 7523 8000

 Tom Griffiths, Iain Sexton

 Novella Communications (Financial Public Relations)                      +44 20 3151 7008

 Tim Robertson, Claire de Groot, Safia Colebrook

 Hannam & Partners (Financial Adviser)                                    +44 20 7907 8500

 Giles Fitzpatrick, Richard Clarke

www.teamplc.co.uk
(https://url.avanan.click/v2/___http:/www.teamplc.co.uk___.YXAxZTpzaG9yZWNhcDphOm86NTBkODM5NDVhYzUyMjRjNDQwMTMyNWUyM2NkMjkwNDM6NjpmMGY2OmE3NmNlYjYzYmFhYjIwYzc2ODI1ZjkwYjQxODQ1ZjgwZjRhNGNiMWM4M2IwNTQ5Y2JlZWFmMjg2OGFjZWMyNWI6cDpU)

 

Background

TEAM plc is building a new wealth, asset management and complementary
financial services group. With a focus on the UK, Crown Dependencies and
International Finance Centres, the strategy is to build local businesses of
scale around TEAM plc's core skill of providing investment management
services. Growth will be achieved via targeted and opportunistic acquisitions,
through team and individual hires, through collaboration with suitable
partners, and organic growth and expansion.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOEKZMZGDVDGFZM