Statement regarding recent media speculation
Team Plc. has confirmed it is in discussions regarding a possible offer for the entire issued and to be issued ordinary share capital of W.H. Ireland Group Plc. As of the announcement date, Team Plc. has 62,140,022 ordinary shares in issue. Team Plc. is required to announce a firm intention to make an offer or that it does not intend to make an offer by 5:00 pm on December 11, 2025, though this deadline may be extended.
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Team notes the announcement made by WHI this morning and the recent news article published by Sky News regarding a potential transaction involving WHI. Pursuant to this, Team confirms that it is in discussions with WHI regarding a possible offer for the entire issued and to be issued ordinary share capital of WHI (the "Possible Offer").
Rule 2.6(a) of the Code requires that Team, by no later than 5:00pm on 11 December 2025 (being 28 days after today's date), either announces a firm intention to make an offer for WHI in accordance with Rule 2.7 of the Code or announces that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.
This announcement is not a firm intention by Team to make an offer under Rule 2.7 of the Code and accordingly there can be no certainty that an offer will ultimately be made for WHI, nor as to the terms on which any offer might be made. A further announcement will be made if and when appropriate.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.