REG - Team PLC - Result of Subscription

TeamAnnouncement

03/04/2024 16:30

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RNS Number : 2143J  Team PLC  03 April 2024

03 April 2024

 

 

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

 

Result of Subscription

TEAM plc (AIM: TEAM), the wealth, asset management and complementary
financial services group, is pleased to confirm that, further to its
announcement on 28 March 2024, it has raised the full £400,000 pursuant to
the Subscription. Including the Placing, the Fundraise has therefore raised an
aggregate £1.11 million (before expenses) for the Company, by way of the
issue of 5,550,000 new Ordinary Shares at the Issue Price.

The WRAP Retail Offer to raise up to £750,000 through the issue of up to
3,750,000 new Ordinary Shares at the Issue Price remains open until 11 April
2024.

The Fundraise and WRAP Retail Offer are conditional on the Company obtaining
the requisite approvals from Shareholders at the Company's annual general
meeting to be held on 17 April 2024.

 

Capitalised terms in this announcement shall have the same meaning as in the
Company's announcement at 07.01 a.m. on 28 March 2024, unless otherwise
specified.

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)

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