Grant of Options

RNS Number : 6803Y

Team17 Group PLC

11 September 2020

 

11 September 2020

Team17 Group plc

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

Grant of Options

Team17 Group plc (AIM:TM17) announces that it has granted options (the "Options") over 20,057 new ordinary shares of £0.01 each in the Company ("Ordinary Shares") under the rules of its Long Term Incentive Plan (the "Plan") to a director as follows:

Director	Position	Number of options granted	Total options held following this grant
Mark Crawford	Chief Financial Officer	20,057	20,057

The Options are granted over 20,057 shares of £0.01 in the Company with no exercise price.

The Options are granted subject to the rules of the Plan and performance targets based on EPS and internal budget targets, with maximum payout only being provided on exceptional performance.

Details of the director's resulting holdings of Ordinary Shares and options over Ordinary Shares are as follows:

Name	Total No. of Options	No. of Existing Ordinary Shares
Mark Crawford	20,057	5,357

In total, the Company has granted options over 992,784 ordinary shares of £0.01 each, representing approximately 0.8 per cent. of the existing issued ordinary share capital.

Enquiries:

Team17 Group plc Debbie Bestwick MBE, Chief Executive Officer Mark Crawford, Chief Financial Officer	via Vigo Communications [phone]
GCA Altium (Nominated Adviser) 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.

EU Market Abuse Regulation

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

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	Options over ordinary shares of 1 pence each ISIN: GB00BYVX2X20
b)	Nature of the transaction	Grant of options over 20,057 ordinary shares of 1 pence each
c)	Prices(s) and volume(s)	Price(s):	Volume(s)
		NIL	20,057
d)	Aggregated information	Not applicable
e)	Date of transaction	10 September 2020
f)	Place of the transaction	Off market

 

END

 

 

DSHKKKBKKBKBACD