Exercise of Options

RNS Number : 1843S

Team17 Group PLC

07 July 2020

 

7 July 2020

Team17 Group plc

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

Exercise of options and admission to trading

Team17 , a global games entertainment label, creative partner and developer of independent ("indie") premium video games, announces that, further to the exercise of options as part of the Team17 Group plc Long Term Incentive Plan, it has issued and allotted, subject to admission to trading on AIM ("Admission"), 70,946 new ordinary shares of £0.01 each (the "New Ordinary Shares").

Application for admission of the New Ordinary Shares to trading on AIM has been made and dealings in the New Ordinary Shares are expected to commence at 8.00 a.m. on 10 July 2020. The New Ordinary Shares will, when issued, be credited as fully paid and will rank pari passu with the existing ordinary shares of £0.01 each in the capital of the Group, including the right to receive all future dividends and distributions declared, made or paid by reference to a record date falling after their issue.

Total Voting Rights

Following admission of the 70,946 new ordinary shares, the Group's issued share capital will comprise 131,473,222 ordinary shares of £0.01 each. The above figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Group under the Financial Conduct Authority's Disclosure and Transparency Rules.

Enquiries:

Team17 Group plc Debbie Bestwick MBE, Chief Executive Officer Mark Crawford, Chief Financial Officer	via Vigo Communications [phone]
GCA Altium (Nominated Adviser) Phil Adams / Adrian Reed / Paul Lines	[phone]
Berenberg (Broker) Chris Bowman /   Toby Flaux / Marie Moy / Alix Mecklenburg-Solodkoff	[phone]
Vigo Communications (Financial Public Relations) Jeremy Garcia / Charlie Neish [e-mail]	[phone]

About Team17

Team17 is a leading 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 home computer market, the video games console market and the 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 alongside bringing them to market across multiple platforms for fixed percentage royalties ("third-party IP"). Since foundation in 1990, we have launched over 100 games, including the iconic Worms franchise, the Overcooked franchise, the Escapists franchise, Yooka-Laylee, Yoku's Island Express, My Time at Portia, Hell Let Loose and Blasphemous, making Team17 one of the most prolific developers and partners of games for the indie market.

 Visit www.team17.com for more info.

 

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