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	[phone]
Berenberg (Broker) Chris Bowman / Toby Flaux / Marie Moy / Alix Mecklenburg-Solodkoff	[phone]
Vigo Consulting (Financial Public Relations) Jeremy Garcia / Fiona Hetherington [e-mail]	[phone]

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.

 

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