Director/PDMR Shareholding

Team17 Group PLC

18 July 2023

 

18 July 2023 

Team17 Group plc

("Team17", the "Group" or the "Company")

Grant of Options to Directors / PDMRs

Team17, announces that in line with the incentivisation strategy set out in the annual report and accounts for the year ending 31 December 2022 (the "2022 Annual Report"), the Company has granted options (the "Options") over a total of 394,421 new ordinary shares of £0.01 each in the Company ("Ordinary Shares") under the rules of its Long Term Incentive Plan (the "Plan") to Executive Directors and PDMRs, including Michael Pattison, CEO of the Group's core business Team17 Games Label, as follows:

Director/PDMR	Position		Number of Options granted	Total options held following this grant
Debbie Bestwick	Group CEO		200,133	510,076
Mark Crawford	Group CFO		94,402	214,914
Michael Pattison	Team17 Games Label CEO		99,885	191,920

The Options are granted over Ordinary Shares with no exercise price. The Options are granted subject to the rules of the Plan with vesting based on achieving a stretching range of adjusted EPS performance, over the three years to 31 December 2025. Full details of the performance criteria can be found in the 2022 Annual Report at www.team17groupplc.com.

As a result of the above transactions, details of the relevant PDMR's holdings of Ordinary Shares and options over Ordinary Shares are as follows:

Name	No. of Ordinary Shares held	% of issued Ordinary Shares	No. of options over Ordinary Shares held
Debbie Bestwick	30,266,945	20.759%	510,076
Mark Crawford	23,297	0.016%	214,914
Michael Pattison	1,000	0.001%	191,920

In total, following the grant, the Company has outstanding granted options over 1,963,388 Ordinary Shares representing approximately 1.35% of the existing issued Ordinary Shares.

The Company publicly discloses the following notification pursuant to the UK Market Abuse Regulations:

1	Details of the person discharging managerial responsibilities
a)	Name	Debbie Bestwick
2	Reason for the notification
a)	Position/status	Group Chief Executive Officer
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Team17 Group plc
b)	LEI	2138006EUUCCL4ZI5E51
4	Details of the transaction(s): sections to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of financial instrument, type of instrument Identification code	Ordinary shares of 1 pence each ("Ordinary Shares") and options over Ordinary Shares ISIN: GB00BYVX2X20
b)	Nature of the transaction	Grant of options over 200,133 Ordinary Shares;
c)	Prices(s) and volume(s)	Price(s):	Volume(s)
		NIL	200,133 options
d)	Aggregated information	Not applicable
e)	Date of transaction	18 July 2023
f)	Place of the transaction	London

1	Details of the person discharging managerial responsibilities
a)	Name	Mark Crawford
2	Reason for the notification
a)	Position/status	Group Chief Financial Officer
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Team17 Group plc
b)	LEI	2138006EUUCCL4ZI5E51
4	Details of the transaction(s): sections to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of financial instrument, type of instrument Identification code	Options over Ordinary Shares ISIN: GB00BYVX2X20
b)	Nature of the transaction	Grant of options over 94,402 Ordinary Shares
c)	Prices(s) and volume(s)	Price(s):	Volume(s)
		NIL	94,402 options
d)	Aggregated information	Not applicable
e)	Date of transaction	18 July 2023
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities
a)	Name	Michael Pattison
2	Reason for the notification
a)	Position/status	Team17 Games Label Chief Executive Officer
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Team17 Group plc
b)	LEI	2138006EUUCCL4ZI5E51
4	Details of the transaction(s): sections to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of financial instrument, type of instrument Identification code	Options over Ordinary Shares ISIN: GB00BYVX2X20
b)	Nature of the transaction	Grant of options over 99,885 Ordinary Shares
c)	Prices(s) and volume(s)	Price(s):	Volume(s)
		NIL	99,885 options
d)	Aggregated information	Not applicable
e)	Date of transaction	18 July 2023
f)	Place of the transaction	Off market

Enquiries:

Team17 Group plc Debbie Bestwick MBE, Chief Executive Officer Mark Crawford, Chief Financial Officer	via Vigo Consulting
Houlihan Lokey UK Limited (Nominated Adviser) Adrian Reed / Tim Richardson	[phone]
Berenberg (Joint Corporate Broker) Ben Wright / Toby Flaux / Marie Moy / Alix Mecklenburg-Solodkoff	[phone]
Peel Hunt (Joint Corporate Broker) Neil Patel / Paul Gillam / Richard Chambers / James Smith	[phone]
Vigo Consulting (Financial Public Relations) Jeremy Garcia / Fiona Hetherington / Kate Kilgallen [e-mail]	[phone]

About Team17

Team17 Group plc is a global provider of games entertainment to a broad audience. The Group now includes a games entertainment label and creative partner for indie developers, a leading developer of educational apps, targeting children under the age of eight and a leading working simulation games developer and publisher.

Visit www.team17.com for more info.

 

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