Not for publication, distribution or release, directly or indirectly, in whole or in part, in or into the United States, Australia, Canada, Japan or Republic of South Africa or any other jurisdiction in which such release, publication or distribution would be unlawful.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended).
7 November 2024
Team17 Group plc
("Team17", the "Group" or the "Company")
Director Dealing
Team17 announces that it has been notified by Debbie Bestwick MBE, Non-Executive Director of the Company (the "Selling Shareholder"), that she has agreed to sell, subject to completion, 3,026,694 ordinary shares of £0.01 each ("Ordinary Shares") in the Company (the "Sale Shares") at a price of £2.10 per Sale Share (the "Sale").
Following the Sale, Debbie Bestwick will have a beneficial interest of 27,240,250 Ordinary Shares, representing approximately 18.7 per cent. of the existing issued share capital of the Company.
Debbie has agreed not to sell or otherwise dispose of any of her holding of Ordinary Shares for 5 months following completion of the Sale, except with the prior written consent of Peel Hunt LLP ("Peel Hunt").
The proceeds of the Sale are payable in cash and will be settled on a T+2 basis (unless otherwise agreed), and settlement of the Sale is expected to occur on or about 11 November 2024.
The Company will not receive any proceeds from the Sale.
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Peel Hunt (Nominated Adviser and Broker) Neil Patel / Benjamin Cryer / Kate Bannatyne Sohail Akbar
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+44 (0)20 7418 8900
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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 and publisher of educational apps appealing to children under the age of eight and a working simulation games developer and publisher.
Visit www.team17.com for more info.
Important notice
Peel Hunt is authorised and regulated by the Financial Conduct Authority. Peel Hunt is acting for the Selling Shareholder only in connection with the Sale and no one else and will not be responsible to anyone other than the Selling Shareholder for providing the protections offered to clients nor for providing advice in relation to the Sale Shares or the Sale, the contents of this announcement or any transaction, arrangement or other matter referred to in this announcement.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Debbie Bestwick MBE
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| 2 | Reason for the notification | |||||
| a) | Position/status | Non-Executive Director
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| 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
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| b) | LEI | 2138006EUUCCL4ZI5E51
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| 4
| Details of the transaction(s): section 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 the financial instrument, type of instrument Identification code | Ordinary shares of £0.01 each in the capital of Team17 group plc
ISIN GB00BYVX2X20 | ||||
| b) | Nature of the transaction | Sale of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information - Aggregated volume - Price | N/A - Single Transaction | ||||
| e) | Date of the transaction | 7 November 2024
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| f) | Place of the transaction | London Stock Exchange, XLON
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