Director/PDMR Shareholding

Team17 Group PLC
18 July 2023
 

18 July 2023 

Team17 Group plc

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

 

Grant of Options to Directors / PDMRs

 

Team17, announces that in line with the incentivisation strategy set out in the annual report and accounts for the year ending 31 December 2022 (the "2022 Annual Report"), the Company has granted options (the "Options") over a total of 394,421 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, including Michael Pattison, CEO of the Group's core business Team17 Games Label, as follows:

 

Director/PDMR

Position

Number of Options granted

Total options held following this grant

 

Debbie Bestwick

Group CEO

200,133

510,076

Mark Crawford

Group CFO

94,402

214,914

Michael Pattison

Team17 Games Label CEO

99,885

191,920

 





The Options are granted over Ordinary Shares with no exercise price. The Options are granted subject to the rules of the Plan with vesting based on achieving a stretching range of adjusted EPS performance, over the three years to 31 December 2025. Full details of the performance criteria can be found in the 2022 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

 

Debbie Bestwick

30,266,945

20.759%

510,076

Mark Crawford

23,297

0.016%

214,914

Michael Pattison

1,000

0.001%

191,920

 

In total, following the grant, the Company has outstanding granted options over 1,963,388 Ordinary Shares representing approximately 1.35% of the existing issued Ordinary Shares.

 

The Company publicly discloses the following notification pursuant to the UK Market Abuse Regulations:

 

1

Details of the person discharging managerial responsibilities

a)

Name

Debbie Bestwick

2

Reason for the notification

a)

Position/status

Group 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

Ordinary shares of 1 pence each ("Ordinary Shares") and options over Ordinary Shares

 

 

ISIN: GB00BYVX2X20

b)

Nature of the transaction

Grant of options over 200,133 Ordinary Shares;

c)

Prices(s) and volume(s)

Price(s):

Volume(s)

NIL

200,133 options

d)

Aggregated information

Not applicable

e)

Date of transaction

18 July 2023

f)

Place of the transaction

London

 

 

 

1

Details of the person discharging managerial responsibilities

a)

Name

Mark Crawford

2

Reason for the notification

a)

Position/status

Group 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 94,402 Ordinary Shares

c)

Prices(s) and volume(s)

Price(s):

Volume(s)

NIL

94,402 options

d)

Aggregated information

Not applicable

e)

Date of transaction

18 July 2023

f)

Place of the transaction

Off market

 

 

1

Details of the person discharging managerial responsibilities

a)

Name

Michael Pattison

2

Reason for the notification

a)

Position/status

Team17 Games Label 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 99,885 Ordinary Shares

c)

Prices(s) and volume(s)

Price(s):

Volume(s)

NIL

99,885 options

d)

Aggregated information

Not applicable

e)

Date of transaction

18 July 2023

f)

Place of the transaction

Off market

 

 

 

Enquiries:

 

Team17 Group plc

Debbie Bestwick MBE, Chief Executive Officer

Mark Crawford, Chief Financial Officer

 

via Vigo Consulting

 

Houlihan Lokey UK Limited (Nominated Adviser)

Adrian Reed / Tim Richardson

 

+44 (0)161 250 3577

Berenberg (Joint Corporate Broker)

Ben Wright / Toby Flaux / Marie Moy / Alix Mecklenburg-Solodkoff

 

+44 (0)20 3207 7800

Peel Hunt (Joint Corporate Broker)

Neil Patel / Paul Gillam / Richard Chambers / James Smith

 

+44 (0)20 7418 8900

 

Vigo Consulting (Financial Public Relations)

Jeremy Garcia / Fiona Hetherington / Kate Kilgallen

team17@vigoconsulting.com

+44 (0)20 7390 0233

 

 

About Team17

Team17 Group plc is a global provider of games entertainment to a broad audience. The Group now includes a games entertainment label and creative partner for indie developers, a leading developer of educational apps, targeting children under the age of eight and a leading working simulation games developer and publisher.

Visit www.team17.com for more info.

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