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IN BRIEF: Team shares fall 8.7% amid GBP280,000 equity raise

21st Mar 2025 15:55

Team PLC - Jersey-based wealth, asset management and complementary financial services company - Says it is issuing 2.8 million shares at 10 pence per share as part of an equity subscription to raise GBP280,000. Says the net proceeds will be utilised for a mix of working capital and general corporate purposes. Expects admission of shares to AIM with trading effective next Thursday. Notes that the new ordinary shares represent approximately 4.5% of its issued shares enlarged by the subscription.

Current stock price: 10.50, down 8.7% on Friday afternoon in London

12-month change: down 52%

By Christopher Ward, Alliance News reporter

Comments and questions to [email protected]

Copyright 2025 Alliance News Ltd. All Rights Reserved.


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Team
FTSE 100 Latest
Value8,658.85
Change-7.27