TEAM Team Plc

TIDMTEAM

RNS Number : 4262U

Team PLC

01 August 2022

1 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 Omega Financial Services Limited ("Omega") as at 31 July 2022, following the transaction being approved by the Jersey Financial Services Commission. The acquisition was first announced in December 2021.

Omega is a Jersey-based IFA, specialising in retirement planning, mortgage advice, life assurance and bespoke investment advisory services.

Matthew Moore COO and CFO of TEAM, commented:

"Since we announced our intention to acquire Omega we have been working very closely with the them, and therefore we are able to say with confidence that we are delighted to have completed this acquisition and that Omega has added significantly to our client offering and as importantly, there are valuable opportunities ahead to go after together, as one business."

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

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END

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