Last checked at 18 Jan 2022 13:56
18 January 2022
Team17 Group plc
("Team17", the "Group" or the "Company")
Director/PDMR shareholding
Team17, a global games label, creative partner and developer of independent ("indie") premium video games and developer of educational entertainment ("edutainment") apps for children, has been notified that on 18 January 2022, Debbie Bestwick (Chief Executive Officer), a person closely associated with Christopher Bell (Non-Executive Chairman), and Martin Hellawell (Non-Executive Director) purchased Ordinary Shares in the Group at a price of 714 pence per share. These purchases were undertaken as part of the non pre-emptive placing (the "Placing") of new ordinary shares (the "Placing Shares") announced on 13 January.
Debbie Bestwick purchased 140,056 Placing Shares. Following this purchase, Mrs Bestwick holds 29,294,218 Ordinary Shares, representing 20.26% of the current issued share capital of the Company.
A person closely associated with Christopher Bell purchased 7,002 Placing Shares. Following this purchase, Mr Bell and person closely associated with him hold 97,911 Ordinary Shares, representing 0.07% of the current issued share capital of the Company.
Martin Hellawell purchased 14,000 Placing Shares. Following this purchase, Mr Hellawell holds 24,000 Ordinary Shares, representing 0.02% of the current issued share capital of the Company.
The Group's current share capital consists of 144,620,544 Ordinary Shares with voting rights.
Enquiries:
Team17 Group plc Debbie Bestwick MBE, Chief Executive Officer Mark Crawford, Chief Financial Officer
| via Vigo Consulting +44 (0)20 7390 0233 |
Houlihan Lokey (Nominated Adviser) Adrian Reed / Paul Lines
| +44 (0)161 250 3577 |
Berenberg (Sole Global Coordinator, Bookrunner and Broker) Chris Bowman / Toby Flaux / Marie Moy / Alix Mecklenburg-Solodkoff
| +44 (0)20 3207 7800 |
Vigo Consulting (Financial Public Relations) Jeremy Garcia / Kate Kilgallen team17@vigoconsulting.com | +44 (0)20 7390 0233 |
About Team17
About Team17 Group plc
Team17 Group plc is a global provider of games entertainment to a broad audience. It has two main verticals - a games entertainment label and creative partner for indie developers, and a leading developer of educational apps, targeting children under the age of eight.
Games label and creative partner
Team17 is a games entertainment label and creative partner for independent ("indie") developers, focused on the premium, rather than free to play market, and creating games for the PC, console, mobile and tablet gaming markets.
Alongside developing the Company's own games in house ("first party IP"), Team17 also partners with independent developers across the globe to add value to their games in all areas of development and production and in bringing them to market across multiple platforms for fixed percentage royalties ("third party IP").
Since foundation in 1990, the Company has launched over 100 games, including the iconic Worms, Overcooked! and Escapists franchises, along with many more including; Yooka-Laylee, Yoku's Island Express, My Time at Portia, Hell Let Loose, Blasphemous, Golf With Your Friends, Neon Abyss and Moving Out making Team17 one of the most prolific developers and diverse partners of games for the indie market.
StoryToys
Team17's wholly owned subsidiary, StoryToys, is a leading developer and publisher of educational apps, targeting the pre-school market of children aged two to seven years old.
StoryToys apps have been downloaded over 100 million times across 120 countries, and its educational entertainment apps are produced in 28 different languages. StoryToys' mission is to create apps for children that engage them in well-rounded activities designed to help them learn, play, and grow, with partners including The Walt Disney Company, The LEGO Group, Penguin Books, Sesame Workshop, Apple, Amazon and Google. www.storytoys.com
Visit www.team17.com for more information
EU Market Abuse Regulation
The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
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 | |
2. | Reason for the notification | ||
(a) | Position/status | Chief Executive Officer | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | Team17 Group plc | |
(b) | LEI | 2138006EUUCCL4ZI5E51 | |
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 | Ordinary shares of 1 pence each | |
(b) | Identification code of the Financial Instrument | ISIN: GB00BYVX2X20 | |
(c) | Nature of the transaction | Purchase of shares | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
|
| £7.14 | 140,056 |
|
|
| |
(e) | Aggregated information |
| |
(f) | Date of the transaction | 18 January 2022 | |
(g) | Place of the transaction | AIMX | |
2. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | Alexia Bell | |
2. | Reason for the notification | ||
(a) | Position/status | Person closely associated with Christopher Bell (Non-Executive Chairman) | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | Team17 Group plc | |
(b) | LEI | 2138006EUUCCL4ZI5E51 | |
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 | Ordinary shares of 1 pence each | |
(b) | Identification code of the Financial Instrument | ISIN: GB00BYVX2X20 | |
(c) | Nature of the transaction | Purchase of shares | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
|
| £7.14 | 7,002 |
|
|
| |
(e) | Aggregated information |
| |
(f) | Date of the transaction | 18 January 2022 | |
(g) | Place of the transaction | AIMX | |
3. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | Martin Hellawell | |
2. | Reason for the notification | ||
(a) | Position/status | Non-Executive Director | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | Team17 Group plc | |
(b) | LEI | 2138006EUUCCL4ZI5E51 | |
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 | Ordinary shares of 1 pence each | |
(b) | Identification code of the Financial Instrument | ISIN: GB00BYVX2X20 | |
(c) | Nature of the transaction | Purchase of shares | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
|
| £7.14 | 14,000 |
|
|
| |
(e) | Aggregated information |
| |
(f) | Date of the transaction | 18 January 2022 | |
(g) | Place of the transaction | AIMX | |