REG - Team PLC - Result of EGM

TeamAnnouncement

24/01/2025 15:30

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RNS Number : 6724U  Team PLC  24 January 2025

24 January 2025

 

 

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

 

Result of Extraordinary General Meeting

TEAM plc (AIM: TEAM), the wealth, asset management and complementary
financial services group, is pleased to announce that all resolutions proposed
at the Company's Extraordinary General Meeting, held earlier today, were duly
passed.

 

The votes received from shareholders on each resolution, via proxy and
shareholders present at the meeting, are set out below:

 

 Resolution  For                       Against               Total Votes Cast
             Votes       % Votes Cast  Votes   % Votes Cast
 1           30,664,576  99.94%        18,502  0.06%         30,664,576

 2           30,664,576  99.94%        18,502  0.06%         30,664,576

 

Issue of new Ordinary Shares, AIM application and Directors' shareholdings

 

Further to shareholder approvals at the EGM, the Company shall issue the
following new Ordinary Shares:

 

·    1,497,081 new Ordinary Shares pursuant to the Placing, Subscription
and WRAP Retail Offer; and

 

·    93,693 new Ordinary Shares pursuant to the vesting of the Executive
Director bonus awards for the financial periods to 30 September 2022 and 2023
("Awards"), comprising 13,158 new Ordinary Shares to Mark Clubb, Executive
Chair, and 80,535 new Ordinary Shares to Matthew Moore, Chief Financial
Officer and Chief Operating Officer.

 

Application has been made the London Stock Exchange for admission to trading
on AIM for the aggregate 1,590,774 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 27 January 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.

 

Following issue of the above issues of new Ordinary Shares, Mr Clubb will be
interested in 4,173,158 Ordinary Shares and Mr Moore will be interested in
503,927 Ordinary Shares, representing 7.96% and 0.96% of the Company's issued
ordinary share capital as enlarged by Admission.

 

Total Voting Rights

 

Following Admission, the Company's issued share capital will comprise of
51,086,157 Ordinary Shares, none of which are held in treasury. Accordingly,
the figure of 51,086,157 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.

 

Terms used but not defined in this announcement have the same meaning as set
out in the Company's announcements released on 3 December 2024 and 23 December
2024.

 

For further information, please contact:

 

Enquiries to

 TEAM plc                                                                 +44 1534 877 210

                                                                        (https://url.avanan.click/v2/___tel:+1534877210___.YXAxZTpzaG9yZWNhcDphOm86NTBkODM5NDVhYzUyMjRjNDQwMTMyNWUyM2NkMjkwNDM6NjpiMWZkOjA1ZTQ1MjRjZmJmMjY5OGEzMjdjMjRkODA4ZDg0MTc2ZmQ1ZWM5MGU0ZDk5YTk2YTViZjQxNmYzMjFjNGZiNjA6cDpU)
 Mark Clubb, Executive Chair

 Matthew Moore, CFO and COO

 Strand Hanson (Nominated Adviser to TEAM)                                +44 207 409 3494

 Richard Johnson, James Spinney, David Asquith
 Oberon Capital (Broker to TEAM)                                          +44 20 3179 0500

 Michael Seabrook, Adam Pollock, Jessica Cave
 Novella Communications (Financial Public Relations)                      +44 20 3151 7008

 Tim Robertson, Claire de Groot, Safia Colebrook
 Hannam & Partners (Financial Adviser to TEAM)                            +44 20 7907 8500

 Giles Fitzpatrick, Richard Clarke

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

 

The following disclosures are made in accordance with Article 19 of the EU
Market Abuse Regulation 596/2014.

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         1.   Mark Clubb

                                                                  2.   Matthew Moore
 2.  Reason for the notification
 b)  Position / status                                            1.   Executive Chairman

                                                                  2.   CFO and COO
 c)  Initial notification / amendment                             Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         TEAM plc
 b)  LEI                                                          213800EP1CI5ANR7RP18
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary Shares of no par value

     Identification Code                                          ISIN: JE00BM90BX45
 b)  Nature of the transaction(s)                                 Vesting of  bonus awards
 c)  Price(s) and volume(s)                                       Price(s)     Volume(s)
                                                                  1.   Nil     1.   13,158

                                                                  2.   Nil     2.   80,535
 d)  Aggregated information

     -     Aggregated volume                                      n/a

     -     Price
 e)  Date of the transaction                                      27 January 2025
 f)  Place of the transaction                                     Off-exchange

d)

Aggregated information

-     Aggregated volume

-     Price

 

n/a

e)

Date of the transaction

27 January 2025

f)

Place of the transaction

Off-exchange

 

 

 

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