TIDMTM17
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 Price per share
acquired (p)
Senior Non-Executive
Martin Hellawell Director 10,000 792
Chief Financial
Mark Crawford 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 GBP0.01 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 Total options held
granted following this
grant
Debbie Bestwick CEO 150,943 1,123,670
Chief Financial
Mark Crawford 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 % of issued Ordinary No. of Options
Shares held Share capital 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 GBP0.01 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, Ordinary shares of 1 pence
type of instrument each ("Ordinary Shares") and
Identification code 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, Options over Ordinary Shares
type of instrument ISIN: GB00BYVX2X20
Identification code
-------------------------------------------- ---------------------------------
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 8(th) 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, Ordinary Shares
type of instrument ISIN: GB00BYVX2X20
Identification code
-------------------------------------------- --------------------------------
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 via Vigo Consulting
Debbie Bestwick MBE, Chief Executive Officer
Mark Crawford, Chief Financial Officer
GCA Altium (Nominated Adviser) +44 (0)845 505
Adrian Reed / Paul Lines 4343
Berenberg (Broker)
Chris Bowman / Toby Flaux / Marie Moy +44 (0)20 3207
/ Alix Mecklenburg-Solodkoff 7800
Vigo Consulting (Financial Public Relations)
Jeremy Garcia / Fiona Hetherington +44 (0)20 7390
team17@vigoconsulting.com 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.
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