Team PLC
23 July 2026
23 July 2026
("TEAM" or the "Company")
Settlement of NEBA deferred consideration
TEAM plc (AIM: TEAM), the wealth, asset management and complementary financial services group, announces the settlement of final deferred consideration ("Final Consideration") in relation to the acquisition of Neba Financial Solutions Limited and Neba Financial Solutions Private Limited (together "Neba") in accordance with terms of the Neba acquisition agreements. The Neba businesses were acquired in December 2023 from John Beverley, subsequently appointed an executive director the Company.
The Final Consideration is being settled through the issue of 1,929,627 new ordinary Team shares ("New Shares") at a reference price of 15 pence per New Share.
AIM Application
Application has been made to the London Stock Exchange for admission to trading on AIM for the New Shares ("Admission"), and Admission is expected to become effective and trading will commence in the New Shares at 8.00 a.m. on or around 28 July 2026. The New 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.
Total Voting Rights
Following Admission, the Company's issued share capital will comprise of 123,566,709 ordinary shares, none of which are held in treasury. Accordingly, the figure of 123,566,709 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.
Mark Clubb, Executive Chairman of TEAM, said: "John's substantial personal investment is a powerful endorsement of TEAM, our strategy and our future. As both a Board member and Chief Executive Officer of TEAM International, he has demonstrated his confidence through his increased interest, alongside our shareholders. This level of personal commitment is greatly appreciated and reflects the belief our senior leadership has in the significant growth opportunities ahead."
Enquiries
|
Team plc |
Tel: +44 (0) 1534 877210 |
|
Mark Clubb |
|
|
Strand Hanson(Nominated Advisor) |
Tel: +44 20 7409 3494 |
|
Richard Johnson / James Spinney |
|
|
Zeus Capital Limited (Broker) Harry Ansell /Katy Mitchell |
Tel: +44 20 7389 5000 |
|
Novella Communications(Financial PR) |
Tel: +44 20 3151 7008 |
|
Tim Robertson / Oliver Norton |
Further information on the Company can be found on its website at www.teamplc.co.uk.
Appendix
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 |
John Beverley |
||||
|
2. |
Reason for the notification |
|||||
|
b) |
Position / status |
Director |
||||
|
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
|
||||
|
b) |
Nature of the transaction(s) |
Settlement of vendor consideration |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Price |
1,929,627shares n/a |
||||
|
e) |
Date of the transaction |
22 July 2026 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
ENDRNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.