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LONDON - Team plc confirmed on Thursday it is in discussions regarding a possible offer to acquire the entire issued and to be issued ordinary share capital of W.H. Ireland Group Plc (WHI).
The announcement follows recent media speculation, including an article published by Sky News about a potential transaction involving WHI and a subsequent announcement from WHI itself.
Under UK takeover regulations, Team has until 5:00 pm on December 10, 2025, to either announce a firm intention to make an offer for WHI or declare it does not intend to proceed with an offer. This deadline can be extended with the consent of the Panel on Takeovers and Mergers.
Team emphasized in its statement that the discussions do not represent a firm intention to make an offer under Rule 2.7 of the City Code on Takeovers and Mergers. The company noted there can be no certainty that an offer will ultimately be made, nor regarding the terms of any potential offer.
As of the announcement, Team has 62,140,022 ordinary shares of no par value admitted to trading on AIM, a market operated by the London Stock Exchange.
The statement was made in accordance with UK market regulations following media speculation about the potential acquisition.
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