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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