Last checked at 9 Jul 2021 11:46
9 July 2021
Team17 Group plc
("Team17", the "Group" or the "Company")
Directors' dealing and Grant of Options
Team17 Group plc (AIM:TM17) announces that Mark Crawford, Chief Financial Officer, and Martin Hellawell, Senior Non-Executive Director, have made the following purchases of Ordinary Shares:
Director | Position | Number of shares acquired | Price per share (p) |
Martin Hellawell | Senior Non-Executive Director | 10,000 | 792 |
Mark Crawford | Chief Financial Officer | 4,403 | 800 |
In addition, in line with the incentivisation strategy set out in the annual report and accounts for the year ending 31 December 2020, the Company has granted options (the "Options") over 176,100 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 as follows:
Director | Position | Number of options granted | Total options held following this grant |
Debbie Bestwick | CEO | 150,943 | 1,123,670 |
Mark Crawford | Chief Financial Officer | 25,157 | 45,214 |
The Options are granted over Ordinary Shares with no exercise price. The Options are granted subject to the rules of the Plan and based on a stretching range of EPS performance measured over the three years to 31 December 2023. 25% of the award is payable for threshold performance at a CAGR of 10%, with full vesting at a CAGR of 30%.
As a result of the above transactions, details of the relevant directors' holdings of Ordinary Shares and options over Ordinary Shares are as follows:
Name | No. of Ordinary Shares held | % of issued Ordinary Share capital | No. of Options held |
Debbie Bestwick | 29,154,162 | 22.17% | 1,123,670 |
Mark Crawford | 11,194 | 0.01% | 45,214 |
Martin Hellawell | 10,000 | 0.01% | NIL |
In total, the Company has granted options over 1,382,814 ordinary shares of £0.01 each, representing approximately 1.1 per cent. of the existing issued ordinary share capital.
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 | Ordinary shares of 1 pence each ("Ordinary Shares") and options over Ordinary Shares
ISIN: GB00BYVX2X20 | |
b) | Nature of the transaction | Acquisition of 4,403 Ordinary Shares and grant of options over 25,157 Ordinary Shares; | |
c) | Prices(s) and volume(s) | Price(s): | Volume(s) |
792p | 4,403 Ordinary Shares and 25,157 options | ||
d) | Aggregated information | Not applicable | |
e) | Date of transaction | 8 July 2021 | |
f) | Place of the transaction | London | |
1 | Details of the person discharging managerial responsibilities | ||
a) | Name | Debbie Bestwick | |
2 | Reason for the notification | ||
a) | Position/status | CEO | |
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 150,943 Ordinary Shares | |
c) | Prices(s) and volume(s) | Price(s): | Volume(s) |
NIL | 150,943 | ||
d) | Aggregated information | Not applicable | |
e) | Date of transaction | 8th July 2021 | |
f) | Place of the transaction | Off market | |
1 | Details of the person discharging managerial responsibilities | ||
a) | Name | Martin Hellawell | |
2 | Reason for the notification | ||
a) | Position/status | Senior non-executive director | |
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 | Ordinary Shares
ISIN: GB00BYVX2X20 | |
b) | Nature of the transaction | Purchase of 10,000 Ordinary Shares | |
c) | Prices(s) and volume(s) | Price(s): | Volume(s) |
800p | 10,000 | ||
d) | Aggregated information | Not applicable | |
e) | Date of transaction | 8 July 21 | |
f) | Place of the transaction | London | |
Enquiries:
Team17 Group plc Debbie Bestwick MBE, Chief Executive Officer Mark Crawford, Chief Financial Officer
| via Vigo Consulting
|
GCA Altium (Nominated Adviser) Adrian Reed / Paul Lines
| +44 (0)845 505 4343 |
Berenberg (Broker) Chris Bowman / Toby Flaux / Marie Moy / Alix Mecklenburg-Solodkoff
| +44 (0)20 3207 7800 |
Vigo Consulting (Financial Public Relations) Jeremy Garcia / Fiona Hetherington team17@vigoconsulting.com | +44 (0)20 7390 0233 |
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.
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.