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TEAM plc ( (GB:TEAM) ) has shared an announcement.
TEAM plc has successfully raised approximately £1.11 million through a combination of a Placing, Subscription, and the WRAP Retail Offer at an issue price of 10 pence per share. This fundraising effort will lead to the issuance of a total of 1,462,533 new Ordinary Shares, which are expected to be admitted to trading on AIM by January 2025, subject to shareholder approval. This capital increase aims to bolster the company’s financial position and potentially enhance its market presence, offering new opportunities for growth and investment.
More about TEAM plc
TEAM plc is a wealth, asset management, and complementary financial services group, operating within the financial sector. The company focuses on providing a range of financial services, including investment management and financial planning, to individuals and institutions.
YTD Price Performance: -70.42%
Average Trading Volume: 65,039
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £5.2M
For a thorough assessment of TEAM stock, go to TipRanks’ Stock Analysis page.
