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On November 6, 2024, Salus Alpha Financial Services AG acquired a new 8.9% stake, representing 3,519,711 voting rights, in TEAM plc. Concurrently, Strategic Ventures Private Europe Ltd's holding in TEAM plc decreased from 10.84% to 0% on the same date. TEAM plc publicly announced these changes on November 7, 2024.
| Date | 7 Nov 2024 |
| Time | 07:00:09 |
| Category | Holding(s) in company |
| ID | 2636L |
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
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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
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+44 207 409 3494 |
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Oberon Capital (Broker to TEAM) Michael Seabrook, Adam Pollock, Jessica Cave
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+44 20 3179 0500 |
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Novella Communications (Financial Public Relations) Tim Robertson, Claire de Groot, Safia Colebrook
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+44 20 3151 7008 |
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Hannam & Partners (Financial Adviser to TEAM) Giles Fitzpatrick, Richard Clarke |
+44 20 7907 8500 |
TR-1: Standard form for notification of major holdings
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NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i |
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: |
Team plc |
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1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) |
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Non-UK issuer |
X |
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2. Reason for the notification (please mark the appropriate box or boxes with an "X") |
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An acquisition or disposal of voting rights |
X |
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An acquisition or disposal of financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify) iii: |
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3. Details of person subject to the notification obligation iv |
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Name |
STRATEGIC VENTURES PRIVATE EUROPE LTD |
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City and country of registered office (if applicable) |
Tortola, BVI |
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4. Full name of shareholder(s) (if different from 3.) v |
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Name |
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City and country of registered office (if applicable) |
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5. Date on which the threshold was crossed or reached vi: |
6th November 2024 |
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6. Date on which issuer notified (DD/MM/YYYY): |
6th November 2024 |
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7. Total positions of person(s) subject to the notification obligation |
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% of voting rights attached to shares (total of 8. A) |
% of voting rights through financial instruments |
Total of both in % (8.A + 8.B) |
Total number of voting rights held in issuer (8.A + 8.B) vii |
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Resulting situation on the date on which threshold was crossed or reached |
0% |
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0 |
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Position of previous notification (if applicable) |
10.84% |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii |
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A: Voting rights attached to shares |
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Class/type of ISIN code (if possible) |
Number of voting rights ix |
% of voting rights |
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Direct (DTR5.1) |
Indirect (DTR5.2.1) |
Direct (DTR5.1) |
Indirect (DTR5.2.1) |
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JE00BM90BX45 |
0 |
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0% |
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SUBTOTAL 8. A |
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B 1: Financial Instruments according to DTR5.3.1R (1) (a) |
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Type of financial instrument |
Expiration |
Exercise/ |
Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights |
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SUBTOTAL 8. B 1 |
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B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) |
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Type of financial instrument |
Expiration |
Exercise/ |
Physical or cash Settlement xii |
Number of voting rights |
% of voting rights |
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SUBTOTAL 8.B.2 |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") |
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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 |
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Full chain of controlled undertakings through which the voting rights and/or the |
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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 |
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Strategic Venture Private Europe Limited |
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Urs Thomas Christen |
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Patrick Leotard-Vogt |
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0% |
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10. In case of proxy voting, please identify: |
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Name of the proxy holder |
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The number and % of voting rights held |
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The date until which the voting rights will be held |
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11. Additional information xvi |
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Place of completion |
London |
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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: |
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3. Details of person subject to the notification obligation iv |
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Name |
Salus Alpha Financial Services AG |
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City and country of registered office (if applicable) |
Industriering 3, 9491 Ruggell, Liechtenstein |
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4. Full name of shareholder(s) (if different from 3.) v |
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Name |
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City and country of registered office (if applicable) |
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5. Date on which the threshold was crossed or reached vi: |
6th November 2024 |
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6. Date on which issuer notified (DD/MM/YYYY): |
6th November 2024 |
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7. Total positions of person(s) subject to the notification obligation |
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|
|
% of voting rights attached to shares (total of 8. A) |
% of voting rights through financial instruments |
Total of both in % (8.A + 8.B) |
Total number of voting rights held in issuer (8.A + 8.B) vii |
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Resulting situation on the date on which threshold was crossed or reached |
8.9% |
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3,519,711 |
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Position of previous notification (if applicable) |
0% |
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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 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) |
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JE00BM90BX45 |
3,519,711 |
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8.9% |
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SUBTOTAL 8. A |
3,519,711 |
8.9% |
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B 1: Financial Instruments according to DTR5.3.1R (1) (a) |
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|
Type of financial instrument |
Expiration |
Exercise/ |
Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights |
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SUBTOTAL 8. B 1 |
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B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) |
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Type of financial instrument |
Expiration |
Exercise/ |
Physical or cash Settlement xii |
Number of voting rights |
% of voting rights |
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SUBTOTAL 8.B.2 |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") |
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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 |
|
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|
Full chain of controlled undertakings through which the voting rights and/or the |
|
|||
|
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 |
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Salus Alpha Financial Services AG |
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CEO: Christopher Roos |
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Chairman: Dominik A. Lener
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Patrick Leotard-Vogt |
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8.9% |
8.9% |
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10. In case of proxy voting, please identify: |
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Name of the proxy holder |
|
|||
|
The number and % of voting rights held |
|
|||
|
The date until which the voting rights will be held |
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11. Additional information xvi |
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Place of completion |
Industriering 3, 9491 Ruggell, Liechtenstein |
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Date of completion |
6th November 2024 |