REG - Team PLC - Loan Note Extension

TeamAnnouncement

09/12/2025 11:00

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RNS Number : 8510K  Team PLC  09 December 2025

 

9 December 2025

TEAM PLC

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

Loan Note Extension

TEAM plc (AIM: TEAM), the wealth, asset management and complementary
financial services group, announces that, on 8 December 2025, the holders of
the Company's unsecured 12% loan notes (the "Loan Notes"), issued by the
Company pursuant to the loan note instrument dated 26 September 2023 (as
amended) (the "Loan Note Instrument"),  approved by written resolution to
extend the maturity of the Loan Notes until 31 December 2026 and to increase
the principal amount of the Loan Note Instrument to £1,500,000.

Loan Notes are currently issued for total principal of £1.36 million
(excluding interest, which is rolled up and paid on maturity or repayment).
The Company's Chairman, Mark Clubb, holds £150,000 of the issued Loan Notes
principal, subscribed in September 2023.

The Company can repay the Loan Notes prior to the maturity date, at par plus
accrued interest, at any time without penalty. The Loan Note holders cannot
request early repayment. The Loan Notes do become repayable, on demand, if the
Company suffers an event of default.

Enquiries:

  Team Plc

                                                       Communications via Novella
 Mark Clubb

 Strand Hanson - Nominated Advisor and Broker to Team  Tel: +44 207 409 3494
 Richard Johnson / David Asquith

 Novella Communication - Financial PR                  Tel: +44 203 151 7008
 Tim Robertson / Safia Colebrook

 

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