Team PLC - Jersey-based wealth, asset management and complementary financial services company - Says it is issuing 2.8 million shares at 10 pence per share as part of an equity subscription to raise £280,000. Says the net proceeds will be utilised for a mix of working capital and general corporate purposes. Expects admission of shares to AIM with trading effective next Thursday. Notes that the new ordinary shares represent approximately 4.5% of its issued shares enlarged by the subscription.

Current stock price: 10.50, down 8.7% on Friday afternoon in London

12-month change: down 52%

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