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On 03 April 2024, TEAM plc confirmed it had raised the full £400,000 from its Subscription. Including the Placing, the aggregate Fundraise totalled £1.11 million (before expenses) through the issue of 5,550,000 new Ordinary Shares. The WRAP Retail Offer to raise up to £750,000 by issuing up to 3,750,000 new Ordinary Shares remains open until 11 April 2024, with both offers conditional on shareholder approvals at the AGM on 17 April 2024.
| Date | 3 Apr 2024 |
| Time | 16:25:00 |
| Category | Miscellaneous |
| ID | 2143J |
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
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TEAM plc Mark Clubb, Executive Chair Matthew Moore, CFO and COO
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Strand Hanson (Nominated Adviser to TEAM) Richard Johnson, James Spinney, David Asquith |
+44 207 409 3494 |
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Oberon Capital (Broker to TEAM) Michael Seabrook, Adam Pollock, Jessica Cave |
+44 20 3179 0500 |
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Novella Communications (Financial Public Relations) Tim Robertson, Claire de Groot, Safia Colebrook |
+44 20 3151 7008 |
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Hannam & Partners (Financial Adviser to TEAM) Giles Fitzpatrick, Richard Clarke |
+44 20 7907 8500 |