IN BRIEF: Team shareholders approve key step in WH Ireland acquisition

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Team PLC - Jersey-based wealth, asset management and complementary financial services company - Secures approval from its shareholders at its extraordinary general meeting on Monday in relation to its £12.7 million all-share takeover of a London-based wealth-management firm, WH Ireland Group PLC. At the EGM, Team sought shareholder approval for the authority to issue and allot new shares in connection with the transaction. Confirms the resolution passed, satisfying an approval condition required for the deal. Notes the scheme remains subject to the satisfaction or waiver of the remaining conditions. These include the receipt of FCA approval of the acquisition of control in respect of WH Ireland, approval by scheme shareholders at the court meeting and the passing of the special resolution by WH Ireland Shareholders at the general meeting. Adds that the court meeting and general meeting are set to take place on Thursday next week.

Team current stock price: 27.75 pence

12-month change: more than doubled from 10.00p on December 30, 2024

WH Ireland current stock price: 3.70p

12-month change: up 35%

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