Team Regulatory News (TEAM)

8 August 2022

TEAM PLC

Completion of Acquisition

TEAM plc ("TEAM"), the wealth, asset management and complementary financial services group, is pleased to announce the completion of the acquisition of the entire issued share capital of Concentric Group Limited ("Concentric") as at 8 August 2022, following the transaction being approved by the Jersey Financial Services Commission. The acquisition was first announced in May 2022.

Concentric is a Jersey based financial planning and investment consultancy business, delivering market-leading investment performance and analysis for high-net worth individuals and institutional investors both in Jersey, and internationally.

Matthew Moore COO and CFO of TEAM, commented:

"We are very pleased to have completed the acquisition of Concentric which has already shown to be an excellent fit with the wider Group. It also completes a good period for TEAM as we completed our acquisition of Omega last week too. So we can now move forward with two strong Jersey based consultancies both of which significantly enhance the range and quality of services we offer our valued clients."

Enquiries

TEAM plc

Mark Clubb / Matthew Moore

Telephone: +44 (0) 1534 877210

Hannam & Partners

(Financial Adviser to TEAM)

Giles Fitzpatrick / Ernest Bell / Richard Clarke

Telephone: +44 20 7907 8500

Canaccord Genuity Limited

(Nominated Adviser and Broker to TEAM)

Bobbie Hilliam / Alex Aylen 

Telephone: +44 20 7523 8000

Novella Communications

(Financial Public Relations)

Tim Robertson / Safia Colebrook

Telephone: +44 20 3151 7008

Information on TEAM

TEAM plc is building a new wealth, asset management and complementary financial services group. With a focus on the UK, Crown Dependencies and International Finance Centres, the strategy is to build local businesses of scale around TEAM plc's core skill of providing investment management services. Growth will be achieved via targeted and opportunistic acquisitions, through team and individual hires, through collaboration with suitable partners, and organic growth and expansion.

www.teamplc.co.uk