TEAM Plc (LON:TEAM) has noted the announcement made by WH Ireland this morning and the recent news article published by Sky News regarding a potential transaction involving WHI. Pursuant to this, TEAM Plc confirms that it is in discussions with WHI regarding a possible offer for the entire issued and to be issued ordinary share capital of WH Ireland.
Rule 2.6(a) of the Code requires that Team, by no later than 5:00pm on 10 December 2025 (being 28 days after today’s date), either announces a firm intention to make an offer for WHI in accordance with Rule 2.7 of the Code or announces that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.
In accordance with Rule 2.9 of the Code, the Company confirms that, as at the date and time of this announcement, it has 62,140,022 ordinary shares of no par value each in issue and admitted to trading on AIM, a market operated by the London Stock Exchange. This figures represents the total voting rights of the Company. The International Securities Identification Number (ISIN) for the Company’s ordinary shares is JE00BM90BX45, and the Company’s LEI number is 213800EP1CI5ANR7RP18.
This announcement is not a firm intention by Team to make an offer under Rule 2.7 of the Code and accordingly there can be no certainty that an offer will ultimately be made for WHI, nor as to the terms on which any offer might be made. A further announcement will be made if and when appropriate.
