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LONDON - Team Plc confirmed on Thursday it is in discussions with W.H. Ireland Group Plc regarding a possible takeover offer for the entire issued and to be issued share capital of the company.
The announcement follows recent media speculation, including a news article published by Sky News about a potential transaction involving W.H. Ireland.
Under UK takeover rules, Team has until 5:00 pm on December 11, 2025, to either announce a firm intention to make an offer or declare it does not intend to proceed with a bid. This deadline can be extended with the consent of the UK Panel on Takeovers and Mergers.
Team emphasized in its statement that the discussions are preliminary and there is no certainty that a formal offer will be made or what the terms might be if an offer materializes.
Team Plc currently has 62,140,022 ordinary shares in issue and is traded on AIM, a market operated by the London Stock Exchange.
The statement was made in response to an announcement released by W.H. Ireland earlier on Thursday.
Both companies are financial services firms operating in the UK market. The announcement was made in accordance with the City Code on Takeovers and Mergers.
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