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Share Name Share Symbol Market Type Share ISIN Share Description
Team17 Group Plc LSE:TM17 London Ordinary Share GB00BYVX2X20 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -20.00 -2.56% 760.00 750.00 770.00 768.00 760.00 768.00 598,501 15:43:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 61.8 19.2 12.9 58.9 999

Team17 Group PLC Directors' dealing and Grant of Options

09/07/2021 11:46am

UK Regulatory (RNS & others)


Team17 (LSE:TM17)
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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.

EU Market Abuse Regulation

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

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July 09, 2021 06:46 ET (10:46 GMT)

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