REG - Team PLC - Issue of Equity

TeamAnnouncement

19/12/2025 15:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251219:nRSS3395Ma&default-theme=true

RNS Number : 3395M  Team PLC  19 December 2025

19 December 2025

 

 

Issue of Equity

 

Team plc ("TEAM" or the "Company"), the wealth, asset management and
complementary financial services group, announces that it is issuing 200,000
new Ordinary Shares in connection with share bonuses awarded to staff in
relation to the financial year ending 30 September 2024.

 

Application has been made to the London Stock Exchange for admission to
trading on AIM for the 200,000 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 24 December 2025. 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.

 

In accordance with Rule 2.9 of the City Code on Takeovers and Mergers (the
"Code"), following admission, the Company confirms it's issued share capital
will comprise of 62,340,022 Ordinary Shares, none of which are held in
treasury. Accordingly, the figure of 62,340,022 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                                               https://www.teamplc.co.uk (https://www.teamplc.co.uk)

 Mark Clubb, Executive Chair                            +44 1534 877 210

 Strand Hanson (Nominated Adviser and Broker)           +44 207 409 3494

 Richard Johnson, James Spinney, David Asquith

 H&P Advisory Limited (Financial Advisor to Team)       +44 207 907 8500

 Neil Passmore

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

 Tim Robertson, Safia Colebrook

Important notices

 

H&P Advisory Limited ("Hannam & Partners"), which, in the United
Kingdom, is authorised and regulated by the Financial Conduct Authority, is
acting exclusively for Team and no one else in connection with the acquisition
of W.H. Ireland Group plc ("Acquisition") and will not be responsible to
anyone other than Team for providing the protections afforded to clients of
Hannam & Partners nor for providing advice in relation to the Acquisition
or any other matter or arrangement referred to in this announcement.

 

Disclosure requirements of the Code

 

Under Rule 8.3(a) of the Code, any person who is interested in 1 per cent. or
more of any class of relevant securities of an offeree company or of any
securities exchange offeror (being any offeror other than an offeror in
respect of which it has been announced that its offer is, or is likely to be,
solely in cash) must make an Opening Position Disclosure following the
commencement of the offer period and, if later, following the announcement in
which any securities exchange offeror is first identified. An Opening Position
Disclosure must contain details of the person's interests and short positions
in, and rights to subscribe for, any relevant securities of each of: (i) the
offeree company and (ii) any securities exchange offeror. An Opening Position
Disclosure by a person to whom Rule 8.3(a) applies must be made by no later
than 3.30 p.m. (London time) on the 10th business day following the
commencement of the offer period and, if appropriate, by no later than 3.30
p.m. (London time) on the 10th business day following the announcement in
which any securities exchange offeror is first identified. Relevant persons
who deal in the relevant securities of the offeree company or of a securities
exchange offeror prior to the deadline for making an Opening Position
Disclosure must instead make a Dealing Disclosure.

 

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1
per cent. or more of any class of relevant securities of the offeree company
or of any securities exchange offeror must make a Dealing Disclosure if the
person deals in any relevant securities of the offeree company or of any
securities exchange offeror. A Dealing Disclosure must contain details of the
dealing concerned and of the person's interests and short positions in, and
rights to subscribe for, any relevant securities of each of: (i) the offeree
company and (ii) any securities exchange offeror, save to the extent that
these details have previously been disclosed under Rule 8. A Dealing
Disclosure by a person to whom Rule 8.3(b) applies must be made by no later
than 3.30 p.m. (London time) on the business day following the date of the
relevant dealing.

 

If two or more persons act together pursuant to an agreement or understanding,
whether formal or informal, to acquire or control an interest in relevant
securities of an offeree company or a securities exchange offeror, they will
be deemed to be a single person for the purpose of Rule 8.3.

 

Opening Position Disclosures must also be made by the offeree company and by
any offeror, and Dealing Disclosures must also be made by the offeree company,
by any offeror and by any persons acting in concert with any of them (see
Rules 8.1, 8.2 and 8.4).

 

Details of the offeree and offeror companies in respect of whose relevant
securities Opening Position Disclosures and Dealing Disclosures must be made
can be found in the Disclosure Table on the Takeover Panel's website at
www.thetakeoverpanel.org.uk, including details of the number of relevant
securities in issue, when the offer period commenced and when any offeror was
first identified. You should contact the Takeover Panel's Market Surveillance
Unit on +44 (0) 20 7638 0129 if you are in any doubt as to whether you are
required to make an Opening Position Disclosure or a Dealing Disclosure.

 

Rule 2.9 disclosure

 

In accordance with Rule 2.9 of the Code, the Company confirms that, as at the
date and time of this announcement, it has 62,340,022 ordinary shares of no
par value each in issue and admitted to trading on AIM, a market operated by
the London Stock Exchange. This figure represents the total voting rights of
the Company. The International Securities Identification Number (ISIN) for the
Company's ordinary shares is JE00BM90BX45, and the Company's LEI number is
213800EP1CI5ANR7RP18.

 

 

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  IOEFFDFLUEISELE



            Copyright 2019 Regulatory News Service, all rights reserved