Fund Raise and Issue of Equity

3 March 2025

("TEAM", the "Company" or the "Group")

Successful Fund Raise, New Strategic Investor and Issue of Equity

Settlement of Deferred Consideration and Directors' Share Issues

Subscription

TEAM plc (AIM: TEAM), the wealth, asset management and complementary financial services group, is pleased to announce a successful fundraising round with new strategic investors VT EPIC MA Growth Fund and VT EPIC Wealth Fund.

The Company is issuing 5,686,750 new ordinary shares of no par value in the Company ("Ordinary Shares"), pursuant to direct subscriptions at a price of 10 pence per share, being the Company's most recent fundraising price (the "Subscription"). The new Ordinary Shares will be issued under the Company's existing share authorities.

The proceeds of the Subscription amounting to £0.57 million will be used to provide cash for working capital and general corporate purposes.

Settlement of Deferred Consideration

The Company is issuing 1,000,000 new Ordinary Shares to part settle outstanding deferred consideration due to the vendors of Omega Financial Services Limited, acquired by the Company on 1 December 2021.

Director Bonus Shares

The Company is issuing in aggregate 1,267,115 new Ordinary Shares pursuant to the unpaid balance of Executive Director bonus awards, due in shares, for the 2022, 2023 and 2024 financial years ("Director Shares"), comprising 571,298 new Ordinary Shares to Mark Clubb, Executive Chair, and 695,817 new Ordinary Shares to Matthew Moore, Chief Financial Officer. The issue of the Director Shares has been determined by the Remuneration Committee as tax-efficient for the Company.

Following the issue of the Director Shares, Mr Clubb will be interested in 4,744,456 Ordinary Shares and Mr Moore will be interested in 1,199,744 Ordinary Shares, representing, respectively, 8.07% and 2.04% of the Company's issued ordinary share capital as enlarged by Admission.

Mark Clubb, Chairman of TEAM said;

"I am delighted to welcome EPIC as our new shareholder and support for our strategy to deliver long-term value. This fundraise further strengthens our business, providing the capital needed to drive growth, and enhance our capabilities. We look forward to making further updates to shareholders as we continue to make progress.

AIM Application

Application has been made to the London Stock Exchange for admission to trading on AIM for the 7,953,865 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 4 March 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.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise of 58,740,022 Ordinary Shares, none of which are held in treasury. Accordingly, the figure of 58,740,022 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.

For further information, please contact:

Further information on the Company can be found on its website at www.teamplc.co.uk 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

This announcement is made in accordance with the UK Market Abuse Regulation (Regulation (EU) 596/2014, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018).