Business
Posting of Team Circular and notice of Team EGM
Team Plc has announced the posting of its circular and notice of an upcoming EGM on December 29, 2025, to seek shareholder approval for its recommended offer to acquire W.H. Ireland Group Plc. Under the terms of the acquisition, WH Ireland shareholders will receive 0.195 New Team Shares for each WH Ireland Share. The Team Board unanimously recommends shareholders vote in favour of the resolution, with directors holding approximately 8.12% of Team's issued share capital having irrevocably undertaken to do so. Disclaimer*
About this update from Team Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATION OF SUCH JURISDICTION\n \nFOR IMMEDIATE RELEASE\n \n10 December 2025\n \n \nTeam Plc.\n(\"Team\" or the \"Company\")\n \nPosting of Team Circular and notice of Team EGM\n \nOn 27 November 2025, the boards of Team Plc and W.H. Ireland Group Plc (\"WH Ireland\") announced that they had reached agreement on the terms and conditions of a recommended offer for the entire issued and to be issued ordinary share capital of WH Ireland by Team (the \"Acquisition\").\n \nUnder the terms of the Acquisition, WH Ireland Shareholders will be entitled to receive 0.195 New Team Shares in exchange for each WH Ireland Share. The Team Board is required to seek the approval of Team Shareholders for the requisite authorities and powers to issue and allot such New Team Shares at the Team EGM.\n \nAccordingly, the Company is convening the Team EGM to be held at 3.00 p.m. on 29 December 2025, at Team's offices at 2nd Floor, Conway House, 7 Conway Street, St. Helier JE2 3NT. An explanatory circular and notice of the Team EGM (the \"Team Circular\") is being posted and made available today to Team Shareholders. Copies of the Team Circular are also being published and made available today on WH Ireland's website at www.whirelandplc.com/investor-relations and on Team's website at www.teamplc.co.uk/investor-relations.\n \nThe Team Directors consider the Acquisition to be in the best interests of Team and the Team Shareholders as a whole and unanimously recommend that Team Shareholders vote (or procure the vote) in favour of the Team Resolution to be proposed at the Team EGM, as each of the Team Directors has irrevocably undertaken to do (or procure to be done) in respect of their own interests in Team Shares (and those of their connected persons) amounting to, in aggregate, 5,046,584 Team Shares, representing approximately 8.12 per cent. of the issued share capital of Team as at the Latest Practicable Date.\n \nCapitalised terms in this announcement shall have, unless the context otherwise requires, the meaning given to them in Team's announcement of 27 November 2025. All references to times in this announcement are to London time ...