RNS Number : 7407V
Team17 Group PLC
09 July 2024
 

9 July 2024

 

Team17 Group plc

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

 

Director/PDMR shareholding

 

Team17, a leading global independent ("Indie") games label developer and publisher of premium video games and apps, announces that in line with the incentivisation strategy set out in the annual report and accounts for the year ending 31 December 2023 (the "2023 Annual Report"), the Company has granted options (the "Options") over a total of 317,774 new ordinary shares of £0.01 each in the Company ("Ordinary Shares") under the rules of its Long Term Incentive Plan (the "Plan") to Executive Directors and PDMRs, as follows:

 

PDMR

Position

Number of options granted

Total options held following this grant

Steve Bell

Group CEO

208,342

208,719

Mark Crawford

Group CFO

109,432

299,405

 

The Options are granted over Ordinary Shares with no exercise price and subject to the rules of the Plan with vesting based on achieving a stretching range of adjusted EPS and relative TSR performance, over the three years to 31 December 2026. Full details of the performance criteria can be found in the 2023 Annual Report at www.team17groupplc.com.

 

As a result of the above transactions, details of the relevant PDMR's holdings of Ordinary Shares and options over Ordinary Shares are as follows:

 

Name

No. of ordinary shares held

% of issued ordinary shares

No. of options over ordinary shares held

Steve Bell

54,050

0.0371%

208,719               

Mark Crawford

34,540

0.0237%

299,405

 

In total, following the grant, the Company has outstanding granted options over 1,559,414 new Ordinary Shares representing approximately 1.07% of the existing issued Ordinary Shares.

 

Enquiries:

 

Team17 Group plc

Steve Bell, Chief Executive Officer

Mark Crawford, Chief Financial Officer

James Targett, Group Investor Relations Director

 

ir@team17.com

Houlihan Lokey Advisory Limited (Nominated Adviser)

Tim Richardson / Giulio Scanferlato / Adrian Reed

 

+44 (0) 20 7839 3355

Jeffries International Limited (Joint Corporate Broker)

Philip Noblet / Will Brown / Shaam Vora 

 

+44 (0)20 7029 8000

Peel Hunt (Joint Corporate Broker)

Neil Patel / Kate Bannatyne

 

+44 (0)20 7418 8900

Vigo Consulting (Financial Public Relations)

Jeremy Garcia / Fiona Hetherington / Aisling Fitzgerald

team17@vigoconsulting.com

+44 (0)20 7390 0233

 

 

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 of educational apps appealing to children under the age of eight, and a working simulation games developer and publisher.

Visit www.team17groupplc.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

Steve Bell

2

Reason for the notification

a)

Position/status

Chief Executive 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, type of instrument

 

Identification code

Options over Ordinary Shares

 

 

ISIN: GB00BYVX2X20

b)

Nature of the transaction

Grant of options over 208,342 Ordinary Shares

c)

Prices(s) and volume(s)

Price(s):

Volume(s)

NIL

208,342 options

d)

Aggregated information

Not applicable

e)

Date of transaction

9 July 2024

f)

Place of the transaction

Off market

 

 

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, type of instrument

 

Identification code

Options over Ordinary Shares

 

 

ISIN: GB00BYVX2X20

b)

Nature of the transaction

Grant of options over 109,432 Ordinary Shares

c)

Prices(s) and volume(s)

Price(s):

Volume(s)

NIL

109,432 options

d)

Aggregated information

Not applicable

e)

Date of transaction

9 July 2024

f)

Place of the transaction

Off market

 

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