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TEAM plc float on AIM

March 2021


TEAM plc wholly owns Theta Enhanced Asset Management Limited, trading as TEAM Asset Management. The Company is a Jersey based specialist investment-led active fund manager currently providing discretionary and advisory portfolio management services to private clients and trusts.

The Group intends to target both professional and retail clients through its key discretionary and advisory investment management services and as at 30 November 2020, the Company managed over £292 million AUM for approximately 170 clients.

Admission to Trading on AIM

On 8th March 2021, admission and dealings commenced in the Ordinary Shares on AIM by way of a Placing of 5,218,875 Ordinary Shares of no par value at 88 pence per share, and a Subscription of 3,595,445 Ordinary Shares of no par value at 88 pence per share raising net proceeds of approximately £6.4 million.

The Directors believe that Admission will be beneficial to the Group for the following reasons:

  • It will raise the profile of the Group;
  • The Group will be better positioned to attract, recruit and retain key employees who may be further incentivised through the Management Incentive Plan;
  • It will provide the Group with flexibility for further organic and acquired growth, specifically by providing access to capital from institutional investors. The Company will also be able to issue new Ordinary Shares as consideration in connection with acquisition opportunities.

The Perivan shareholder communications team were delighted to work with Canaccord Genuity who were appointed Nominated Adviser, Broker and Bookrunner on the successful publication of the 129-page admission document.

Perivan specialise in the production and publication of financial documents relating to shareholder and investor communications for quoted companies, private companies and open and closed-ended funds.

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