Holding(s) in Company - New Strategic Shareholder

Team PLC

07 November 2024

 

7 November 2024

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

 Holding(s) in Company - New Strategic Holder

TEAM plc Welcomes Salus Alpha Financial Services AG as New Strategic Shareholder

TEAM plc (AIM: TEAM), a Jersey-based financial services company, is pleased to announce a significant change in its shareholder structure. Salus Alpha Financial Services AG ("SAFSAG"), a Liechtenstein-based investment firm, has acquired a substantial holding in TEAM plc, representing an 8.9% stake in the Company.

This strategic market acquisition underlines SAFSAG's commitment to TEAM plc and its confidence in the Company's growth trajectory. The transaction further aligns TEAM plc with a long-term oriented investor with a deep understanding of the financial services sector. SAFSAG's investment is expected to support TEAM plc's vision of delivering value and growth to its clients, shareholders, and stakeholders.

Commenting on the acquisition, TEAM plc Executive Chairman, Mark Clubb said:

"We are excited to welcome SAFSAG as a valued shareholder. Their commitment as a long-term investor highlights their belief in TEAM plc's potential, and we look forward to working together to enhance value for our stakeholders. This addition marks an important milestone in our strategic journey, as SAFSAG's expertise and insight into financial markets will contribute to TEAM plc's ongoing success." 

SAFSAG's investment strengthens TEAM plc's shareholder base as the Company continues to develop its services and expand its reach. The addition of SAFSAG reinforces TEAM plc's mission of becoming a leading financial services provider while maintaining sustainable growth and profitability.

About TEAM plc

TEAM plc is a Jersey-based financial services company specializing in wealth and asset management. With a strong commitment to client-centered solutions and a forward-thinking approach to financial planning, TEAM plc is dedicated to delivering consistent, long-term value.

About Salus Group

Salus Alpha is a collective wealth management company based in Liechtenstein and Luxembourg, featuring a proprietary digital investment platform. Specializing in comprehensive solutions for independent asset managers, distribution partners and investors, Salus Alpha combines regulatory expertise with advanced technology for modern portfolio management across the European region and beyond.

Enquiries to

TEAM plc Mark Clubb, Executive Chair Matthew Moore, CFO and COO	[phone]
Strand Hanson (Nominated Adviser to TEAM) Richard Johnson, James Spinney, David Asquith	[phone]
Oberon Capital (Broker to TEAM) Michael Seabrook, Adam Pollock, Jessica Cave	[phone]
Novella Communications (Financial Public Relations) Tim Robertson, Claire de Groot, Safia Colebrook	[phone]
Hannam & Partners (Financial Adviser to TEAM) Giles Fitzpatrick, Richard Clarke	[phone]

www.teamplc.co.uk

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:			Team plc
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer						X
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii:
3. Details of person subject to the notification obligation iv
Name			STRATEGIC VENTURES PRIVATE EUROPE LTD
City and country of registered office (if applicable)			Tortola, BVI
4. Full name of shareholder(s) (if different from 3.) v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached vi:			6th November 2024
6. Date on which issuer notified (DD/MM/YYYY):			6th November 2024
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer (8.A + 8.B) vii
Resulting situation on the date on which threshold was crossed or reached	0%				0
Position of previous notification (if applicable)	10.84%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights ix					% of voting rights
		Direct (DTR5.1)		Indirect  (DTR5.2.1)			Direct (DTR5.1)		Indirect (DTR5.2.1)
JE00BM90BX45		0					0%
SUBTOTAL 8. A
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument		Expiration date x	Exercise/ Conversion Period xi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument	Expiration date x		Exercise/ Conversion Period xi		Physical or cash Settlement xii			Number of voting rights	% of voting rights
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv
Name xv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Strategic Venture Private Europe Limited
Urs Thomas Christen
Patrick Leotard-Vogt			0%
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information xvi

Place of completion	London
Date of completion	6th November 2024

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:			Team plc
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer						X
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii:
3. Details of person subject to the notification obligation iv
Name			Salus Alpha Financial Services AG
City and country of registered office (if applicable)			Industriering 3, 9491 Ruggell, Liechtenstein
4. Full name of shareholder(s) (if different from 3.) v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached vi:			6th November 2024
6. Date on which issuer notified (DD/MM/YYYY):			6th November 2024
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer (8.A + 8.B) vii
Resulting situation on the date on which threshold was crossed or reached	8.9%				3,519,711
Position of previous notification (if applicable)	0%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights ix					% of voting rights
		Direct (DTR5.1)		Indirect  (DTR5.2.1)			Direct (DTR5.1)		Indirect (DTR5.2.1)
JE00BM90BX45		3,519,711					8.9%
SUBTOTAL 8. A		3,519,711					8.9%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument		Expiration date x	Exercise/ Conversion Period xi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument	Expiration date x		Exercise/ Conversion Period xi		Physical or cash Settlement xii			Number of voting rights	% of voting rights
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv
Name xv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Salus Alpha Financial Services AG
CEO: Christopher Roos
Chairman: Dominik A. Lener
Patrick Leotard-Vogt		8.9%	8.9%
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information xvi

Place of completion	Industriering 3, 9491 Ruggell, Liechtenstein
Date of completion	6th November 2024

 

END