Team17 Group PLC Directorate Change (8224E)

TIDMTM17

RNS Number : 8224E

Team17 Group PLC

23 October 2018

23 October 2018

Team17 Group plc

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

Director change

Team17, a global games label, creative partner and developer of independent ("indie"), premium video games, today announces that Chief Financial Officer ("CFO"), Paul Bray, has decided to step down and retire, to spend more time with his family. Having joined Team17 in 2010, Paul has presided over a significant period of financial progress for the Group culminating in the successful listing on the AIM market of the London Stock Exchange in May 2018.

Simultaneously, the Company is pleased to announce the appointment of Jo Jones as CFO and a Director of the Company with immediate effect.

Jo has spent the last 10 years at Experian plc, working across a number of senior finance roles. Her most recent role at Experian was Finance Director of Service, Solutions, Technology & Transformation where she worked closely with Experian's UK Chief Information Officer and Chief Transformation Officer. Prior to that she was Finance Director of Decision Analytics & Marketing Services and Commercial Finance Director for UK and Ireland.

Jo has also held a number of finance roles with The Sytner Group Ltd, including Divisional Financial Controller for Daimler Chrysler and Lexus. She qualified as a chartered accountant at KPMG.

Paul will remain with the business until 30 November 2018 in order to facilitate an orderly handover.

Debbie Bestwick, Chief Executive of Team 17 commented:

"Firstly, let me personally thank Paul for his significant contribution to Team17 over the last eight years. Having supported me through the MBO and more recently our successful IPO, on behalf of everyone here at Team17, we wish Paul and his family well for the future.

"Secondly, let me welcome Jo into the Team17 family, we are delighted with her appointment. She joins our business at an incredibly exciting time and we look forward to her contribution in continuing our successful journey."

In accordance with Schedule 2(g) of the AIM Rules, Jo Jones (aged 40) holds or has held in the past 5 years the following directorships and partnerships:

 
 Current   Past five years 
           Experian nominee at Greenwood 
            Academies Trust (February to 
            September 2018) 
          ------------------------------ 
 

Save as disclosed above, no further information is required to be disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.

For further information please contact:

 
Team17 Group plc                                   via Vigo Communications 
 Debbie Bestwick MBE, Chief Executive Officer       [phone] 
GCA Altium (Nominated Adviser) 
 Phil Adams / Adrian Reed / Paul Lines             [phone] 
Berenberg (Broker) 
 Chris Bowman / Toby Flaux / Marie-Agnes 
 Stolberg                                          [phone] 
Vigo Communications (Financial Public Relations) 
 Jeremy Garcia / Fiona Henson / Charlie Neish 
 [e-mail]                              [phone] 
 

NOTES TO EDITORS

Founded in 1990, Team17 Group plc is a leading international video games label and creative partner for independent developers. The portfolio comprises games such as The Escapists, Overcooked, Yoku's Island Express, Yooka-Laylee, My Time At Portia, the Worms franchise and many more from developers around the world. Visit www.team17.com for more info.

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October 23, 2018 02:00 ET (06:00 GMT)