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TEAM plc ( (GB:TEAM) ) has shared an announcement.
TEAM plc announced it is raising up to £1,000,000 through unsecured 8% convertible loan notes, with net proceeds aimed at funding working capital and deferred consideration payments. The company also announced an Extraordinary General Meeting to seek shareholder approval for share issuance related to recent fundraising activities and a change in its board of directors, with Michael Gray stepping down, and Philip Taylor assuming greater responsibilities.
More about TEAM plc
TEAM plc is a wealth, asset management, and financial services group, focusing on providing complementary financial services.
YTD Price Performance: -70.42%
Average Trading Volume: 67,073
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £5.2M
For an in-depth examination of TEAM stock, go to TipRanks’ Stock Analysis page.