Grant of Options

RNS Number : 6803Y
Team17 Group PLC
11 September 2020
 

11 September 2020

 

Team17 Group plc

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

 

Grant of Options

 

Team17 Group plc (AIM:TM17) announces that it has granted options (the "Options") over 20,057 new ordinary shares of £0.01 each in the Company ("Ordinary Shares") under the rules of its Long Term Incentive Plan (the "Plan") to a director as follows:

 

Director

Position

Number of options granted

Total options held following this grant

 

 

 

 

Mark Crawford

Chief Financial Officer

20,057

20,057

 

The Options are granted over 20,057 shares of £0.01 in the Company with no exercise price.

 

The Options are granted subject to the rules of the Plan and performance targets based on EPS and internal budget targets, with maximum payout only being provided on exceptional performance.

 

Details of the director's resulting holdings of Ordinary Shares and options over Ordinary Shares are as follows:

 

Name

Total No. of Options

No. of Existing Ordinary Shares

 

 

 

Mark Crawford

20,057

5,357

 

 

In total, the Company has granted options over 992,784 ordinary shares of £0.01 each, representing approximately 0.8 per cent. of the existing issued ordinary share capital.

 

Enquiries:

 

Team17 Group plc

Debbie Bestwick MBE, Chief Executive Officer

Mark Crawford, Chief Financial Officer

 

via Vigo Communications

+44 (0)20 7390 0238

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 Communications (Financial Public Relations)

Jeremy Garcia / Charlie Neish

team17@vigocomms.com 

+44 (0)20 7390 0238

 

 

About Team17


Team17 is a leading 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 home computer market, the video games console market and the 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 alongside bringing them to market across multiple platforms for fixed percentage royalties ("third-party IP"). Since foundation in 1990, we have launched over 100 games, including the iconic Worms franchise, the Overcooked franchise, the Escapists franchise, Yooka-Laylee, Yoku's Island Express, My Time at Portia, Hell Let Loose and Blasphemous, making Team17 one of the most prolific developers and 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.

 

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 of 1 pence each

 

 

ISIN: GB00BYVX2X20

b)

Nature of the transaction

Grant of options over 20,057 ordinary shares of 1 pence each

c)

Prices(s) and volume(s)

Price(s):

Volume(s)

NIL

20,057

d)

Aggregated information

Not applicable

e)

Date of transaction

10 September 2020

f)

Place of the transaction

Off market

 

 

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