REG - Team PLC - Issue of Equity

TeamAnnouncement

27/06/2024 09:30

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RNS Number : 1510U  Team PLC  27 June 2024

27 June 2024

 

 

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

 

Issue of Equity

TEAM plc (AIM: TEAM), the wealth, asset management and complementary
financial services group, announces the issue of 125,000 new ordinary shares
of 0.1 pence each in the Company ("Ordinary Shares"), pursuant to a direct
subscription at a of 20 pence per share, being the Company's most recent
fundraising price.

AIM Application

Application has been made to the London Stock Exchange for admission to
trading on AIM for the 125,000 new Ordinary Shares detailed
above ("Admission"), and Admission is expected to become effective and
trading will commence in the new Ordinary Shares on or around  3  July 2024.
The new Ordinary Shares will be issued free of all liens, charges and
encumbrances and will, on Admission, rank pari passu in all respects with the
Company's existing Ordinary Shares.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise of
39,679,514 Ordinary Shares, none of which are held in treasury. Accordingly,
the figure of 39,679,514 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.

 For further information, please contact:

 Team plc                                              Tel: +44 (0) 1534 877210
 Mark Clubb / Matthew Moore

 Strand Hanson (Nominated Advisor)                     Tel: +44 20 7409 3494
 Richard Johnson / James Spinney / David Asquith

 Oberon Capital (Joint Broker to TEAM)                 Tel: +44 20 3179 0500

 Michael Seabrook, Adam Pollock, Jessica Cave

 Hannam & Partners (Financial Advisor to TEAM)         Tel: +44 20 7907 8500
 Giles Fitzpatrick / Ernest Bell / Richard Clarke

 Novella Communications (Financial PR)                 Tel: +44 20 3151 7008
 Tim Robertson / Safia Colebrook                       team@novella-comms.com (mailto:team@novella-comms.com)

 

Further information on the Company can be found on its website
at www.teamplc.co.uk (http://www.teamplc.co.uk/)

 

 

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