LONDON – TEAM plc, a wealth and asset administration group, has introduced a retail share provide to lift up to £150,000 via the issuance of latest unusual shares. The provide, made out there through the Winterflood Retail Entry Platform (WRAP), permits eligible current UK shareholders to buy up to 1,500,000 shares at 10 pence every.
This retail provide comes alongside a bigger fairness fundraising initiative aimed toward securing roughly £1.07 million earlier than bills via a bookbuild course of. The shares supplied within the bigger fundraising are additionally priced at 10 pence, representing a 13% low cost from the closing price on December 2, 2024.
TEAM has expressed a dedication to its retail shareholder base, prompting the choice to allow their participation within the firm’s progress via this WRAP Retail Provide. This provide is unbiased of the fairness fundraising, though its completion is contingent upon the success of the bigger fairness elevate.
The retail provide is scheduled to shut at 4:30 pm on December 9, 2024, with potential earlier closing occasions relying on monetary intermediaries. Retail brokers serious about collaborating on behalf of their shoppers can attain out to the designated contact at Winterflood.
Buyers are reminded that when accepted, functions for the WRAP Retail Provide Shares can’t be withdrawn. The brand new shares will rank equally with current unusual shares, together with the entitlement to dividends and distributions declared post-issue.
The provide is performed beneath UK monetary laws, exempting the necessity for a prospectus. Nonetheless, TEAM plc underscores the inherent dangers related to investing in shares, advising potential buyers to hunt unbiased recommendation if needed.
The proceeds from the share choices are meant to be used as outlined in a separate fairness fundraising announcement, aligning with the corporate’s strategic aims.
This retail share provide is restricted to the UK and isn’t prolonged to the US or different jurisdictions the place it’d breach native legal guidelines or laws. The shares haven’t been registered beneath US securities legal guidelines and will not be being supplied in america.
It is necessary to notice that the data introduced relies on a press release assertion and doesn’t represent an endorsement or funding advice. The worth of investments can fluctuate, and previous efficiency is just not indicative of future outcomes.
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