Business
Update on Letters of Intent
Update on Letters of Intent.
About this update from Team Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9968U\n Team PLC\n 09 April 2021\n \n \n \n \n For immediate release\n \n \n \n \n \n 9 April 2021\n \n \n \n \n \n NOT 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 OF THAT JURISDICTION.\n \n \n \n \n \n THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE \"CODE\") AND THEREFORE THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE.\n \n \n \n \n \n THE INFORMATION COMMUNICATED IN THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AND UPON PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n \n \n \n \n \n UPDATE ON SHAREHOLDER SUPPORT RECEIVED\nFOR POSSIBLE OFFER\nFOR \n \n \n TAVISTOCK INVESTMENTS PLC (\"TAVISTOCK\")\n \n \n \n \n \n \n \n \n In accordance with Rule 2.10 of the Code, TEAM plc (\"TEAM\") confirms that it has received further non-binding letters of intent from Tavistock shareholders, which, when taken with the irrevocable undertaking and letters of intent previously received (as announced on 1 April 2021), represent, in aggregate, 91,343,903 Tavistock Shares (15.03 per cent. of the issued ordinary share capital of Tavistock). \n \n \n \n \n \n The terms of the letters of intent (received from Daren Moore and Charles Olley) are the same as announced on 30 March 2021.\n \n \n \n \n \n The table below shows the level of shareholder support received by TEAM for the Possible Offer to date:\n \n \n \n \n \n \n \n \n Tavistock shareholder\n \n \n \n \n Number of Tavistock Shares covered\n \n \n \n \n Percentage of Tavistock Shares covered\n \n \n \n \n \n \n Irrevocable undertaking\n \n \n \n \n \n \n Christopher Peel\n \n \n \n \n 31,132,397\n \n \n \n \n 5.12\n \n \n \n \n \n \n Sub-total\n \n \n \n \n 31,132,397\n \n \n \n \n 5.12\n \n \n \n \n \n \n Letters of intent\n \n \n \n \n \n \n Helium Rising Stars Fund\n \n \n \n \n 29,398,378\n \n \n \n \n 4.84\n \n \n \n \n \n \n Olga Rey\n \n \n \n \n 8,682,308\n \n \n \n \n 1.43\n \n \n \n \n \n \n Peter Horbye\n \n \n \n \n 6,650,000\n \n \n \n \n 1.09\n \n \n \n \n \n \n Paul Boston\n \n \n ...