Directors' dealing and Grant of Options

RNS Number : 7823E
Team17 Group PLC
09 July 2021
 

9 July 2021

 

Team17 Group plc

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

 

Directors' dealing and Grant of Options

 

Team17 Group plc (AIM:TM17) announces that Mark Crawford, Chief Financial Officer, and Martin Hellawell, Senior Non-Executive Director, have made the following purchases of Ordinary Shares:

 

Director

Position

Number of shares acquired

Price per share (p)

Martin Hellawell

Senior Non-Executive Director

10,000

792

Mark Crawford

Chief Financial Officer

4,403

800

 

In addition, in line with the incentivisation strategy set out in the annual report and accounts for the year ending 31 December 2020, the Company has granted options (the "Options") over 176,100 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 as follows:

 

Director

Position

Number of options granted

Total options held following this grant

Debbie Bestwick

CEO

150,943

1,123,670

Mark Crawford

Chief Financial Officer

25,157

45,214

 

The Options are granted over Ordinary Shares with no exercise price. The Options are granted subject to the rules of the Plan and based on a stretching range of EPS performance measured over the three years to 31 December 2023. 25% of the award is payable for threshold performance at a CAGR of 10%, with full vesting at a CAGR of 30%.

 

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

 

Name

No. of Ordinary Shares held

% of issued Ordinary Share capital

No. of Options held

Debbie Bestwick

29,154,162

22.17%

1,123,670

Mark Crawford

11,194

0.01%

45,214

Martin Hellawell

10,000

0.01%

NIL

 

In total, the Company has granted options over 1,382,814 ordinary shares of £0.01 each, representing approximately 1.1 per cent. of the existing issued ordinary share capital.

 

 

 

 

 

1

Details of the person discharging managerial responsibilities

a)

Name

Mark Crawford

2

Reason for the notification

a)

Position/status

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

Ordinary shares of 1 pence each ("Ordinary Shares") and options over Ordinary Shares

 

 

ISIN: GB00BYVX2X20

b)

Nature of the transaction

Acquisition of 4,403 Ordinary Shares and grant of options over 25,157 Ordinary Shares;

c)

Prices(s) and volume(s)

Price(s):

Volume(s)

792p

4,403 Ordinary Shares and 25,157 options

d)

Aggregated information

Not applicable

e)

Date of transaction

8 July 2021

f)

Place of the transaction

London

 

1

Details of the person discharging managerial responsibilities

a)

Name

Debbie Bestwick

2

Reason for the notification

a)

Position/status

CEO

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 150,943 Ordinary Shares

c)

Prices(s) and volume(s)

Price(s):

Volume(s)

NIL

150,943

d)

Aggregated information

Not applicable

e)

Date of transaction

8th July 2021

f)

Place of the transaction

Off market

 

1

Details of the person discharging managerial responsibilities

a)

Name

Martin Hellawell

2

Reason for the notification

a)

Position/status

Senior non-executive director

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

 

 

ISIN: GB00BYVX2X20

b)

Nature of the transaction

Purchase of 10,000 Ordinary Shares

c)

Prices(s) and volume(s)

Price(s):

Volume(s)

800p

10,000

d)

Aggregated information

Not applicable

e)

Date of transaction

8 July 21

f)

Place of the transaction

London

 

Enquiries:

 

Team17 Group plc

Debbie Bestwick MBE, Chief Executive Officer

Mark Crawford, Chief Financial Officer

 

via Vigo Consulting

 

GCA Altium (Nominated Adviser)

Adrian Reed / Paul Lines

 

+44 (0)845 505 4343

Berenberg (Broker)

Chris Bowman / Toby Flaux / Marie Moy / Alix Mecklenburg-Solodkoff

 

+44 (0)20 3207 7800

Vigo Consulting (Financial Public Relations)

Jeremy Garcia / Fiona Hetherington

team17@vigoconsulting.com 

+44 (0)20 7390 0233

 

 

About Team17 Group plc

 

Team17 Group plc is a global provider of games entertainment to a broad audience. It has two main verticals - a games entertainment label and creative partner for indie developers, and a leading developer of educational apps, targeting children under the age of eight.

 

Games label and creative partner

 

Team17 is a games entertainment label and creative partner for independent ("indie") developers, focused on the premium, rather than free to play market, and creating games for the PC, console, mobile and tablet gaming markets.

 

Alongside developing the Company's own games in house ("first party IP"), Team17 also partners with independent developers across the globe to add value to their games in all areas of development and production and in bringing them to market across multiple platforms for fixed percentage royalties ("third party IP").

 

Since foundation in 1990, the Company has launched over 100 games, including the iconic Worms, Overcooked! and Escapists franchises, along with many more including;  Yooka-Laylee, Yoku's Island Express, My Time at Portia, Hell Let Loose, Blasphemous, Golf With Your Friends, Neon Abyss and Moving Out making Team17 one of the most prolific developers and diverse partners of games for the indie market.

 

Visit www.team17.com for more info.

EU Market Abuse Regulation

 

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHBKLFBFDLZBBX
UK 100

Latest directors dealings