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: +44 (0) 1534 877210 |
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| Mark Clubb / Matthew Moore |
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| Strand Hanson (Nominated Advisor) |
Tel: +44 20 7409 3494 |
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| Richard Johnson / James Spinney / David Asquith |
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| Oberon Capital (Joint Broker to TEAM) Michael Seabrook, Adam Pollock, Jessica Cave |
Tel: +44 20 3179 0500 |
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| Hannam & Partners (Financial Advisor to TEAM) |
Tel: +44 20 7907 8500 |
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| Giles Fitzpatrick / Ernest Bell / Richard Clarke |
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| Novella Communications (Financial PR) |
Tel: +44 20 3151 7008 |
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| Tim Robertson / Safia Colebrook |
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Further information on the Company can be found on its website at www.teamplc.co.uk