**Summary**
W.H. Ireland Group PLC announced on November 13, 2025, that it has received an indicative, non-binding proposal from Team plc regarding a possible all-share offer for the entire issued and to-be-issued share capital of the company. The proposed exchange ratio is 0.195 Team shares per W.H. Ireland share. The Board of W.H. Ireland is evaluating the proposal with its financial and legal advisers, but there is no certainty that a formal offer will be made or what its terms might be.
Under the City Code on Takeovers and Mergers, Team must announce a firm intention to make an offer or confirm it does not intend to proceed by 5:00 p.m. on December 10, 2025, unless the Takeover Panel grants an extension. W.H. Ireland emphasized that this announcement was made without Teams consent and contains inside information.
The company provided contact details for further information and outlined regulatory disclosures, including requirements for opening position and dealing disclosures under the Code. The announcement also noted that a copy would be available on W.H. Irelands website and included standard legal disclaimers regarding the informations use and distribution.