WH Ireland plc (LON:WHI) has noted the press speculation and confirms that it has received an indicative, non-binding proposal from TEAM plc (LON:TEAM) relating to a possible all-share offer for the entire issued and to be issued share capital of the Company at exchange ratio of 0.195 Team shares per WH Ireland share.
The Board of WH Ireland is evaluating the Possible Offer, together with its financial and legal advisers, and a further announcement will be made as and when appropriate. There can be no certainty that an offer will be made, nor as to the terms of any such offer.
In accordance with Rule 2.6(a) of the Code, Team must, by not later than 5.00 p.m. on 10 December 2025, either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce 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 will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.
WH Ireland confirms that this announcement has been made without the consent of TEAM Plc.
