Team17 Group PLC Issue of Shares and Total Voting Rights (6978X)
07 January 2022 - 3:59AM
UK Regulatory
TIDMTM17
RNS Number : 6978X
Team17 Group PLC
06 January 2022
6 January 2022
Team17 Group plc
("Team17", the "Group" or the "Company")
Issue of shares and total voting rights
Team17, a global games label, creative partner and developer of
independent ("indie") premium video games and developer of
educational entertainment ("edutainment") apps for children,
announces that further to the announcement of the acquisitions of
Hell Let Loose and The Label on 6 January 2022, application has
been made to the London Stock Exchange for the 2,136,323 new
ordinary shares issued as part of the consideration for the
acquisitions to be admitted to trading on AIM ("Admission"), and it
is expected that Admission will take place at 8.00 a.m. on 11
January 2022.
The new ordinary shares will, when issued, be credited as fully
paid and will rank pari passu with the existing ordinary shares of
GBP0.01 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.
Following admission of the 2,136,323 new ordinary shares, the
Group's issued share capital will comprise 133,609,545 ordinary
shares of GBP0.01 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 via Vigo Consulting
Debbie Bestwick MBE, Chief Executive Officer
Mark Crawford, Chief Financial Officer
Houlihan Lokey (Nominated Adviser)
Adrian Reed / Paul Lines +44 (0)161 250 3577
Berenberg (Broker)
Chris Bowman / Toby Flaux / Marie Moy /
Alix Mecklenburg-Solodkoff +44 (0)20 3207 7800
Vigo Consulting (Financial Public Relations)
Jeremy Garcia / Kate Kilgallen
team17@vigoconsulting.com +44 (0)20 7390 0233
About Team17
Team17 is a global 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, 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.
In July 2021, Team17 acquired StoryToys, a world-class developer
and publisher of educational entertainment apps for children with
many leading children's brands, including LEGO(R), Disney, Pixar,
Penguin, Warner Bros, Sesame Workshop, Dick Bruna, Hasbro, and
Nickelodeon.
Visit www.team17.com for more info.
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END
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