Team17 Group PLC Director Dealing

RNS Number : 4196L

Team17 Group PLC

07 November 2024

 

Not for publication, distribution or release, directly or indirectly, in whole or in part, in or into the United States, Australia, Canada, Japan or Republic of South Africa or any other jurisdiction in which such release, publication or distribution would be unlawful.

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended). 

 

7 November 2024

 

 

Team17 Group plc

 

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

 

Director Dealing

 

Team17 announces that it has been notified by Debbie Bestwick MBE, Non-Executive Director of the Company (the "Selling Shareholder"), that she has agreed to sell, subject to completion, 3,026,694 ordinary shares of £0.01 each ("Ordinary Shares") in the Company (the "Sale Shares") at a price of £2.10 per Sale Share (the "Sale").

 

Following the Sale, Debbie Bestwick will have a beneficial interest of 27,240,250 Ordinary Shares, representing approximately 18.7 per cent. of the existing issued share capital of the Company.

 

Debbie has agreed not to sell or otherwise dispose of any of her holding of Ordinary Shares for 5 months following completion of the Sale, except with the prior written consent of Peel Hunt LLP ("Peel Hunt").

 

The proceeds of the Sale are payable in cash and will be settled on a T+2 basis (unless otherwise agreed), and settlement of the Sale is expected to occur on or about 11 November 2024.

 

The Company will not receive any proceeds from the Sale.

 

Peel Hunt (Nominated Adviser and Broker) Neil Patel / Benjamin Cryer / Kate Bannatyne Sohail Akbar	[phone]

About Team17

 

Team17 Group plc is a leading global developer and publisher of video games entertainment to a broad audience. The Group includes a games entertainment label and creative partner for Indie developers, a developer and publisher of educational apps appealing to children under the age of eight and a working simulation games developer and publisher.

 

Visit www.team17.com for more info.

 

Important notice

 

Peel Hunt is authorised and regulated by the Financial Conduct Authority. Peel Hunt is acting for the Selling Shareholder only in connection with the Sale and no one else and will not be responsible to anyone other than the Selling Shareholder for providing the protections offered to clients nor for providing advice in relation to the Sale Shares or the Sale, the contents of this announcement or any transaction, arrangement or other matter referred to in this announcement.

 

 

 

 

 

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

 

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Debbie Bestwick MBE
2	Reason for the notification
a)	Position/status	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): section 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 the financial instrument, type of instrument  Identification code	Ordinary shares of £0.01 each in the capital of Team17 group plc   ISIN GB00BYVX2X20
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.10     3,026,694
d)	Aggregated information - Aggregated volume - Price	N/A - Single Transaction
e)	Date of the transaction	7 November 2024
f)	Place of the transaction	London Stock Exchange, XLON

 

 

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END

 

 

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