TEAM plc (LON:TEAM), the wealth, asset management and complementary financial services group, has announced the issue of new ordinary shares of no par value as consideration for the acquisitions of the Globaleye Wealth Management Group and Concentric Group Limited as follows:
· following regulatory approval being received from the Jersey Financial Services Commission, the issue of 6,208,667 Ordinary Shares to Strategic Venture Partners Europe Limited as initial consideration pursuant to the acquisition of Globaleye which was announced on 1 June 2023; and
· the issue of 1,820,402 Ordinary Shares as deferred consideration pursuant to the acquisition of Concentric which was announced on 8 August 2022.