Business
Result of Meeting
Team Plc has announced that the resolution to approve the acquisition of W.H. Ireland Group plc was passed by Team shareholders at their Extraordinary General Meeting. This satisfies a key condition for the all-share acquisition, which is being effected by a court-sanctioned scheme of arrangement. The acquisition remains subject to other conditions, including regulatory approval from the FCA and shareholder approval from W.H. Ireland at meetings scheduled for January 8, 2026. 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 \n29 December 2025\n \n \nTeam Plc\n(\"Team\" or the \"Company\")\n \nRecommended Acquisition of W.H. Ireland Group plc (\"WH Ireland\")\n \nResults of Extraordinary General Meeting (\"Team EGM\")\n \nOn 27 November 2025, the Boards of Team and WH Ireland announced that they had reached agreement on the terms of a recommended all-share acquisition pursuant to which Team will acquire the entire issued and to be issued ordinary share capital of WH Ireland (the \"Acquisition\"), intended to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act (the \"Scheme\"). On 10 December 2025, WH Ireland announced that the Scheme Document had been published.\n \nIn relation to the Scheme, Team refers to the Company's announcement dated 10 December 2025, convening the Team EGM to seek the approval of Team Shareholders for the requisite authorities and powers to issue and allot such New Team Shares in connection with the Acquisition. Team confirms that the Team EGM took place today at 3:00pm at Team's offices at 2nd Floor, Conway House, 7 Conway Street, St Helier JE2 3NT.\n \nSatisfaction of Team Shareholder Approval Condition\n \nTeam subsequently confirms that the Resolution was passed by the requisite majority of Team Shareholders. Accordingly, condition 3(a) (as set out in Part A of Part III (Conditions to and Certain Further Terms of the Scheme and Acquisition) of the Scheme Document) (the \"Team Shareholder Approval Condition\") has been satisfied.\n \nThe Scheme remains subject to the satisfaction or, if appropriate, waiver of the remaining Conditions and further terms set out in the Scheme Document, including, amongst other things, the receipt of FCA approval of the acquisition of control in respect of WH Ireland, the Scheme being approved by Scheme Shareholders at the Court Meeting, and the Special Resolution being duly passed by WH Ireland Shareholders at the WH Ireland General Meeting. The Court Meeting and WH Ireland General Meeting are due to be held on 8 January 2026.\n \nThe results of the votes at t...