RNS Number : 2143J
Team PLC
03 April 2024
 

03 April 2024

 

 

A black and green logo Description automatically generated

("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

Mark Clubb, Executive Chair

Matthew Moore, CFO and COO                                                  

 

+44 1534 877 210

Strand Hanson (Nominated Adviser to TEAM)

Richard Johnson, James Spinney, David Asquith

+44 207 409 3494

Oberon Capital (Broker to TEAM)

Michael Seabrook, Adam Pollock, Jessica Cave

+44 20 3179 0500

Novella Communications (Financial Public Relations)

Tim Robertson, Claire de Groot, Safia Colebrook

+44 20 3151 7008

Hannam & Partners (Financial Adviser to TEAM)

Giles Fitzpatrick, Richard Clarke

+44 20 7907 8500

www.teamplc.co.uk

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