Team17 Group PLC Grant of Options (7500K)

TIDMTM17

RNS Number : 7500K

Team17 Group PLC

18 December 2018

18 December 2018

Team17 Group plc

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

Grant of Options

Team17 Group plc (AIM:TM17) announces that it has granted options (the "Options") over 141,892 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") under the rules of its Long Term Incentive Plan (the "Plan") to a director as follows:

 
 Director    Position           Number of options    Total options 
                                     granted         held following 
                                                       this grant 
 
             Chief Financial 
 Jo Jones     Officer                141,892            141,892 
 

The Options are granted at an Award Price of nil over 141,892 shares.

The Options are granted subject to the rules of the Plan and performance targets based on EPS and Total Shareholder Return.

Details of the director's resulting holdings of Ordinary Shares and options over Ordinary Shares are as follows:

 
 Name       Total No. of   No. of Existing 
             Options        Ordinary Shares 
 
 Jo Jones   141,892              nil 
 

For further information please contact:

 
Team17 Group plc                                   via Vigo Communications 
 Debbie Bestwick MBE, Chief Executive Officer       [phone] 
 Jo Jones, Chief Financial Officer 
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 over 100 games, including The Escapists, Genesis Alpha One, Overcooked, Yoku's Island Express, Yooka-Laylee, the Worms franchise and many more from developers around the world. 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.

 
 1     Details of the person discharging managerial responsibilities 
 a)    Name                                          Jo Jones 
      --------------------------------------------  --------------------------------- 
 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,          Options over ordinary shares 
        type of instrument                            of 1 pence each 
 
        Identification code 
                                                      ISIN: GB00BYVX2X20 
      --------------------------------------------  --------------------------------- 
 b)    Nature of the transaction                     Grant of options over 141,892 
                                                      ordinary shares of 1 pence 
                                                      each 
      --------------------------------------------  --------------------------------- 
 c)    Prices(s) and volume(s)                       Price(s):         Volume(s) 
      --------------------------------------------  ----------------  --------------- 
   NIL                                                                 141,892 
  ------------------------------------------------------------------  --------------- 
 d)    Aggregated information                        Not applicable 
      --------------------------------------------  --------------------------------- 
 e)    Date of transaction                           17 December 2018 
      --------------------------------------------  --------------------------------- 
 f)    Place of the transaction                      London Stock Exchange 
      --------------------------------------------  --------------------------------- 
 

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 [e-mail] or visit www.rns.com.

END

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December 18, 2018 02:00 ET (07:00 GMT)