TEAM plc raises £136,300 in WRAP Retail Offer, plans Share Issuance

TEAM plc (LON:TEAM), the wealth, asset management and complementary financial services group, has announced the result of the WRAP Retail Offer, which has now closed.

The Company is pleased to announce that it has raised gross proceeds of £136,300 at 20 pence per share. The Company confirms it will issue a total of 681,500 new Ordinary Shares at the Issue Price pursuant to the WRAP Retail Offer, subject to obtaining Shareholder approval as detailed below.

In total, the Placing, Subscription and the WRAP Retail Offer have raised aggregate gross proceeds of £1,246,300 for the Company, via the Placing and Subscription of 5,550,000 Placing and Subscription Shares and the 681,500 WRAP Retail Offer Shares.

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