24 January 2025
("TEAM",
the "Company" or the "Group")
Result of
Extraordinary General Meeting
TEAM plc (AIM: TEAM), the wealth,
asset management and complementary financial services group, is
pleased to announce that all resolutions proposed at the Company's
Extraordinary General Meeting, held earlier today, were duly
passed.
The votes received from shareholders
on each resolution, via proxy and shareholders present at the
meeting, are set out below:
|
Resolution
|
For
|
Against
|
Total
Votes Cast
|
|
|
Votes
|
% Votes
Cast
|
Votes
|
% Votes
Cast
|
|
|
1
|
30,664,576
|
99.94%
|
18,502
|
0.06%
|
30,664,576
|
|
2
|
30,664,576
|
99.94%
|
18,502
|
0.06%
|
30,664,576
|
Issue of new
Ordinary Shares, AIM application and Directors'
shareholdings
Further to shareholder approvals at
the EGM, the Company shall issue the following new Ordinary
Shares:
·
1,497,081 new Ordinary Shares pursuant to the
Placing, Subscription and WRAP Retail Offer; and
·
93,693 new Ordinary Shares pursuant to the vesting
of the Executive Director bonus awards for the financial periods to
30 September 2022 and 2023 ("Awards"), comprising 13,158 new
Ordinary Shares to Mark Clubb, Executive Chair, and 80,535 new
Ordinary Shares to Matthew Moore, Chief Financial Officer and Chief
Operating Officer.
Application has been made the London
Stock Exchange for admission to trading on AIM for the aggregate
1,590,774 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 27 January 2025. 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.
Following issue of the above issues
of new Ordinary Shares, Mr Clubb will be interested in 4,173,158
Ordinary Shares and Mr Moore will be interested in 503,927 Ordinary
Shares, representing 7.96% and 0.96% of the Company's issued
ordinary share capital as enlarged by Admission.
Total Voting Rights
Following Admission, the Company's
issued share capital will comprise of 51,086,157 Ordinary Shares,
none of which are held in treasury. Accordingly, the figure of
51,086,157 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.
Terms used but not defined in this
announcement have the same meaning as set out in the Company's
announcements released on 3 December 2024 and 23 December
2024.
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
The
following disclosures are made in accordance with Article 19 of the
EU Market Abuse Regulation 596/2014.
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
1. Mark Clubb
2. Matthew
Moore
|
|
2.
|
Reason for the notification
|
|
b)
|
Position / status
|
1. Executive
Chairman
2. CFO and
COO
|
|
c)
|
Initial notification /
amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
TEAM plc
|
|
b)
|
LEI
|
213800EP1CI5ANR7RP18
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
Identification Code
|
Ordinary Shares of no par
value
ISIN: JE00BM90BX45
|
|
b)
|
Nature of the
transaction(s)
|
Vesting of bonus
awards
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1. Nil
2. Nil
|
1. 13,158
2. 80,535
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
|
e)
|
Date of the transaction
|
27 January 2025
|
|
f)
|
Place of the transaction
|
Off-exchange
|