Issue of Equity

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: [phone]
Mark Clubb / Matthew Moore
Strand Hanson (Nominated Advisor)		Tel: [phone]
Richard Johnson / James Spinney / David Asquith
Oberon Capital (Joint Broker to TEAM) Michael Seabrook, Adam Pollock, Jessica Cave		Tel: [phone]
Hannam & Partners (Financial Advisor to TEAM)		Tel: [phone]
Giles Fitzpatrick / Ernest Bell / Richard Clarke
Novella Communications (Financial PR)		Tel: [phone]
Tim Robertson / Safia Colebrook		[e-mail]

Further information on the Company can be found on its website at www.teamplc.co.uk 

 

END