New Risk • Apr 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 77% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£1.6m free cash flow). Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (77% increase in shares outstanding). Minor Risk Market cap is less than US$100m (UK£19.7m market cap, or US$26.6m). New Risk • Apr 02
New major risk - Revenue and earnings growth Earnings have declined by 27% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£1.6m free cash flow). Earnings have declined by 27% per year over the past 5 years. Minor Risk Market cap is less than US$100m (UK£10.9m market cap, or US$14.4m). Reported Earnings • Apr 02
Full year 2025 earnings released: UK£0.059 loss per share (vs UK£0.086 loss in FY 2024) Full year 2025 results: UK£0.059 loss per share. Revenue: UK£12.0m (up 16% from FY 2024). Net loss: UK£3.23m (loss widened 11% from FY 2024). Announcement • Mar 31
TEAM plc (AIM:TEAM) exchanged contract to acquire EPIC Investment Partners (Guernsey) Limited from EPIC Administration Limited for £0.88 million. TEAM plc (AIM:TEAM) exchanged contract to acquire EPIC Investment Partners (Guernsey) Limited from EPIC Administration Limited for £0.88 million on March 30, 2026. The total consideration of £880,000 is payable in new TEAM shares to be issued on completion by reference to the TEAM 60-day VWAP.
For the period ending February 28, 2026, EPIC Investment Partners (Guernsey) Limited reported total revenue of £1.3 million and EBITDA of £0.1 million. As of February 28, 2026, EPIC Investment Partners (Guernsey) Limited reported total common equity of £0.81 million.
Completion is subject to the satisfaction or waiver of various conditions including regulatory approval from the GFSC.
Neil Passmore and Vladimir Volodko of Hannam & Partners LLP acted as financial advisor for TEAM plc. New Risk • Jan 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (UK£17.1m market cap, or US$23.0m). Announcement • Nov 14
TEAM plc (AIM:TEAM) made an non-binding proposal to acquire WH Ireland Group plc (AIM:WHI) for £12.5 million. TEAM plc (AIM:TEAM) made an non-binding proposal to acquire WH Ireland Group plc (AIM:WHI) for £12.5 million on November 12, 2025.
Guy Wiehahn, David Coaten, Oliver Jackson and Harry Davies-Ball of Shore Capital and Corporate Limited and Shore Capital Stockbrokers Limited acted as financial advisor for WH Ireland Group plc. Katy Mitchell, Harry Ansell and James Bavister of Zeus Capital Limited acted as financial advisor for WH Ireland Group plc. Neil Passmore of H & P Advisory Limited acted as financial advisor for TEAM plc. Richard Johnson anf David Asquith of Strand Hanson Limited acted as financial advisor for TEAM plc. Announcement • Aug 08
TEAM plc Announces Launch of Its New Team UCITS Fund TEAM plc announced the launch of its new TEAM UCITS fund, established under European regulation, offering European and global investors a gateway to TEAM's proven Managed Portfolio Services (MPS) range, which has consistently delivered strong performances across its three funds. The UCITS launch follows receipt of final approvals from both the Central Bank of Ireland (CBI) and the Jersey Financial Services Commission (JFSC), and the signing of a Fund Services Agreement with EPIC Fund Services (Dublin) Ltd. TEAM will act as the investment manager of the new fund. This milestone represents a significant enhancement to TEAM's international fund offering, with the UCITS structure providing a highly suitable and regulated solution for international clients seeking qualifying offshore investment funds. The launch aligns with TEAM's continued expansion of its international advisory division over the last 12 months, under the Company's Concentric, Neba Private Clients and Neba Wealth brands. The network specialises in providing cross-jurisdictional planning and investment solutions to high-net-worth clients across Singapore, the Emirates, South Africa, Jersey, and Guernsey. Initial inflows into the TEAM UCITS fund are anticipated from both the Concentric and Neb a adviser network, supported by a strong alignment between existing client model portfolio allocations and the risk profiles of the new UCITS-ready portfolios. These portfolios will be available through multiple platforms. Reported Earnings • Jul 06
First half 2025 earnings released: UK£0.036 loss per share (vs UK£0.035 loss in 1H 2024) First half 2025 results: UK£0.036 loss per share (further deteriorated from UK£0.035 loss in 1H 2024). Revenue: UK£5.80m (up 41% from 1H 2024). Net loss: UK£1.76m (loss widened 74% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. New Risk • Jun 17
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Minor Risks Significant insider selling over the past 3 months (UK£130k sold). Market cap is less than US$100m (UK£24.2m market cap, or US$32.9m). Announcement • Apr 09
TEAM plc has filed a Follow-on Equity Offering in the amount of £0.06 million. TEAM plc has filed a Follow-on Equity Offering in the amount of £0.06 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 600,000
Price\Range: £0.1 Announcement • Apr 04
TEAM plc Announces the Appointment of Tim Hall as Non-Executive Director, Effective on 24 April 2025 TEAM plc announced the appointment of Tim Hall as non-executive director, will consequently be effective on 24 April 2025. New Risk • Mar 26
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: UK£67k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Market cap is less than US$10m (UK£5.84m market cap, or US$7.53m). Minor Risk Significant insider selling over the past 3 months (UK£67k sold). Recent Insider Transactions • Mar 26
CFO, COO recently sold UK£67k worth of stock On the 21st of March, Matthew Moore sold around 600k shares on-market at roughly UK£0.11 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Matthew's only on-market trade for the last 12 months. New Risk • Mar 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Market cap is less than US$10m (UK£5.97m market cap, or US$7.74m). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Reported Earnings • Mar 04
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: UK£0.086 loss per share (further deteriorated from UK£0.02 loss in FY 2023). Revenue: UK£10.3m (up 93% from FY 2023). Net loss: UK£2.91m (loss widened UK£2.46m from FY 2023). Revenue exceeded analyst estimates by 28%. Earnings per share (EPS) missed analyst estimates by 4.9%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Announcement • Mar 03
TEAM plc has completed a Follow-on Equity Offering in the amount of £0.568675 million. TEAM plc has completed a Follow-on Equity Offering in the amount of £0.568675 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,686,750
Price\Range: £0.1
Transaction Features: Subsequent Direct Listing New Risk • Jan 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Market cap is less than US$10m (UK£5.80m market cap, or US$7.08m). Minor Risk Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Announcement • Dec 24
TEAM plc Announces Executive Changes Michael Gray will be standing down as a non-executive director of TEAM plc on 31 December 2024. His position will not be replaced. Philip Taylor will become the Chair of the Remuneration Committee and continue as Senior Non-Executive director with a casting vote in the event of a deadlock of the board on voting matters. Announcement • Dec 12
TEAM plc has completed a Follow-on Equity Offering in the amount of £0.046253 million. TEAM plc has completed a Follow-on Equity Offering in the amount of £0.046253 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 462,533
Price\Range: £0.1
Transaction Features: Regulation S New Risk • Dec 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 64% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Market cap is less than US$10m (UK£5.18m market cap, or US$6.60m). Reported Earnings • Jun 30
First half 2024 earnings released: UK£0.035 loss per share (vs UK£0.023 loss in 1H 2023) First half 2024 results: UK£0.035 loss per share (further deteriorated from UK£0.023 loss in 1H 2023). Revenue: UK£4.11m (up 116% from 1H 2023). Net loss: UK£1.01m (loss widened 102% from 1H 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Capital Markets industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 135% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. New Risk • Apr 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Market cap is less than US$10m (UK£6.76m market cap, or US$8.54m). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Michael Gray was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Mar 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 62% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Market cap is less than US$10m (UK£7.64m market cap, or US$9.65m). Announcement • Mar 29
TEAM plc has filed a Follow-on Equity Offering in the amount of £1.86 million. TEAM plc has filed a Follow-on Equity Offering in the amount of £1.86 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,550,000
Price\Range: £0.2
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,000,000
Price\Range: £0.2
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,750,000
Price\Range: £0.2 Reported Earnings • Mar 28
Full year 2023 earnings released: UK£0.02 loss per share (vs UK£0.079 loss in FY 2022) Full year 2023 results: UK£0.02 loss per share (improved from UK£0.079 loss in FY 2022). Revenue: UK£5.32m (up 151% from FY 2022). Net loss: UK£445.0k (loss narrowed 71% from FY 2022). Over the last 3 years on average, earnings per share has increased by 150% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Announcement • Mar 28
TEAM plc, Annual General Meeting, Apr 17, 2024 TEAM plc, Annual General Meeting, Apr 17, 2024, at 13:00 Coordinated Universal Time. Location: 6 Caledonia Pl Saint Helier Jersey New Risk • Mar 21
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£6.60m (US$8.44m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (UK£6.60m market cap, or US$8.44m). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Shareholders have been diluted in the past year (37% increase in shares outstanding). Revenue is less than US$5m (UK£3.0m revenue, or US$3.9m). New Risk • Dec 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (71% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Revenue is less than US$5m (UK£3.0m revenue, or US$3.8m). Market cap is less than US$100m (UK£10.7m market cap, or US$13.5m). Announcement • Dec 13
TEAM plc (AIM:TEAM) acquired Neba Financial Solutions Limited and Neba Financial Solutions Private Limited for approximately £10.2 million from John Beverley. TEAM plc (AIM:TEAM) acquired Neba Financial Solutions Limited and Neba Financial Solutions Private Limited for approximately £10.2 million from John Beverley on December 12, 2023. The initial consideration will be satisfied by the issue by Team of a nil coupon convertible loan note with a value of £1.181 million, which is convertible into 3.28 new ordinary shares of nil par value in TEAM. Subsequent deferred payments to the vendor of £1 million for every £100 million which is invested into TEAM AM funds and models arising from clients of TEAM East will be settled by the issue of new TEAM shares at the then prevailing market price, capped at a maximum of 25 million new ordinary shares. Neba Wealth generated audited turnover of £0.9 million and Neba Singapore generated unaudited turnover of £0.1 million. Tom Griffiths, Iain Sexton, Guy Wiehahn of Shore Capital Markets Limited acted as the financial advisor to TEAM. Giles Fitzpatrick and Richard Clarke of Hannam & Partners (Advisory) LLP acted as the financial advisor to TEAM.
TEAM plc (AIM:TEAM) completed the acquisition of Neba Financial Solutions Limited and Neba Financial Solutions Private Limited from John Beverley on December 12, 2023. New Risk • Nov 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 71% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (71% increase in shares outstanding). Minor Risks Revenue is less than US$5m (UK£3.0m revenue, or US$3.7m). Market cap is less than US$100m (UK£10.8m market cap, or US$13.1m). Announcement • Jun 03
TEAM plc (AIM:TEAM) acquired Globaleye for GBP 5.6 million. TEAM plc (AIM:TEAM) acquired Globaleye for GBP 5.6 million on June 1, 2023. The consideration of GBP 4.8 million on completion in the form of ordinary shares and a convertible loan note. A deferred payment of up to GBP 0.8 million depends on Globaleye's performance in 2023.TEAM plc (AIM:TEAM) acquired Globaleye on June 1, 2023. Reported Earnings • Jun 02
First half 2023 earnings released: UK£2.30 loss per share (vs UK£0.039 loss in 1H 2022) First half 2023 results: UK£2.30 loss per share. Revenue: UK£1.90m (up 90% from 1H 2022). Net loss: UK£499.0k (loss narrowed 27% from 1H 2022). Announcement • Jan 13
TEAM plc, Annual General Meeting, Jan 31, 2023 TEAM plc, Annual General Meeting, Jan 31, 2023, at 14:00 Coordinated Universal Time. Location: 6 Caledonia Pl, JE2 3NG St Hellier Jersey Reported Earnings • Jan 10
Full year 2022 earnings released: UK£0.08 loss per share (vs UK£0.15 loss in FY 2021) Full year 2022 results: UK£0.08 loss per share (improved from UK£0.15 loss in FY 2021). Revenue: UK£2.12m (up 44% from FY 2021). Net loss: UK£1.52m (loss narrowed 11% from FY 2021). Reported Earnings • Jun 22
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up UK£921.0k from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Announcement • Mar 09
TEAM plc has completed an IPO in the amount of £7.756602 million. TEAM plc has completed an IPO in the amount of £7.756602 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,814,320
Price\Range: £0.88
Transaction Features: Direct Listing; Regulation S 
