TEAM gets new Liechtenstein-based strategic shareholder

Jersey-headquartered TEAM plc has made a significant change in its shareholder structure with Salus Alpha Financial Services AG (SAFSAG), a Liechtenstein-based investment firm, acquiring an 8.9% stake in the company.

The AIM-listed financial services group said in a statement on 7 November that this strategic market acquisition "underlines SAFSAG's commitment to TEAM plc and its confidence in the Company's growth trajectory".

The transaction would also further align TEAM plc with a long-term oriented investor with a deep understanding of the financial services sector.

SAFSAG's investment is expected to support TEAM plc's vision of delivering value and growth to its clients, shareholders, and stakeholders, it said.

TEAM plc executive chairman, Mark Clubb said: "We are excited to welcome SAFSAG as a valued shareholder. Their commitment as a long-term investor highlights their belief in TEAM plc's potential, and we look forward to working together to enhance value for our stakeholders.

"This addition marks an important milestone in our strategic journey, as SAFSAG's expertise and insight into financial markets will contribute to TEAM plc's ongoing success."

SAFSAG's investment strengthens TEAM plc's shareholder base as the Company continues to develop its services and expand its reach. The addition of SAFSAG reinforces TEAM plc's mission of becoming a leading financial services provider while maintaining sustainable growth and profitability.

Salus Alpha is a collective wealth management company based in Liechtenstein and Luxembourg, featuring a proprietary digital investment platform.

Specializing in comprehensive solutions for independent asset managers, distribution partners and investors, Salus Alpha combines regulatory expertise with advanced technology for modern portfolio management across the European region and beyond.