REG - Team17 Group PLC - Grant of Options to Directors / PDMRs

Team17Announcement

30/06/2022 16:00

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RNS Number : 8924Q  Team17 Group PLC  30 June 2022

30 June 2022

 

Team17 Group plc

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

 

Grant of Options to Directors / PDMRs

 

Team17 Group plc (AIM:TM17) announces that in line with the incentivisation
strategy set out in the annual report and accounts for the year ending 31
December 2021, the Company has granted options (the "Options") over 313,500
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 now includes Michael Pattison, as CEO of the Group's core business Team 17
Digital as follows:

 

 Director          Position             Number of options granted  Total options held following this grant
 Debbie Bestwick   Group CEO            159,000                    309,943
 Mark Crawford     Group CFO            75,000                     120,355
 Michael Pattison  Team 17 Digital CEO  79,500                     92,035

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 adjusted EPS performance, measured over the three years to 31
December 2024, full details of the performance criteria can be found in the
2021 Annual Report www.team17.com (http://www.team17.com/) .

 

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   30,266,945                   20.79%                              309,943
 Mark Crawford     16,193                       0.01%                               120,355
 Michael Pattison  1,000                        0.01%                               92,035

 

In total, the Company has granted options over 733,086 ordinary shares
of £0.01 each, representing approximately 0.5 per cent. of the existing
issued ordinary share capital.

 

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

                                                        Ordinary Shares

     Identification code

                                                              ISIN: GB00BYVX2X20
 b)  Nature of the transaction                                Grant of options over 159,000 Ordinary Shares;
 c)  Prices(s) and volume(s)                                  Price(s):                             Volume(s)
     NIL                                                                                            159,000 options
 d)  Aggregated information                                   Not applicable
 e)  Date of transaction                                      29 June 2022
 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  Options over Ordinary Shares

     Identification code

                                                              ISIN: GB00BYVX2X20
 b)  Nature of the transaction                                Grant of options over 75,000 Ordinary Shares
 c)  Prices(s) and volume(s)                                  Price(s):                   Volume(s)
     NIL                                                                                  75,000 options
 d)  Aggregated information                                   Not applicable
 e)  Date of transaction                                      29 June 2022
 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 Digital 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  Options over Ordinary Shares

     Identification code

                                                              ISIN: GB00BYVX2X20
 b)  Nature of the transaction                                Grant of options over 79,500 Ordinary Shares
 c)  Prices(s) and volume(s)                                  Price(s):                   Volume(s)
     NIL                                                                                  79,500 options
 d)  Aggregated information                                   Not applicable
 e)  Date of transaction                                      29 June 2022
 f)  Place of the transaction                                 Off market

 

Enquiries:

 

 Team17 Group plc                                                        via Vigo Consulting

 Debbie Bestwick MBE, Chief Executive Officer

 Mark Crawford, Chief Financial Officer

 GCA Altium (Nominated Adviser)                                          +44 (0)845 505 4343

 Adrian Reed / Tim Richardson

 Berenberg (Broker)                                                      +44 (0)20 3207 7800

 Chris Bowman / Toby Flaux / Marie Moy / Alix Mecklenburg-Solodkoff

 Vigo Consulting (Financial Public Relations)                            +44 (0)20 7390 0233

 Jeremy Garcia / Kate Kilgallen

 team17@vigoconsulting.com

 

 

About Team17 Group plc

 

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, aimed
at children under the age of eight and a leading working simulation games
developer and publisher.

 

Visit www.team17.com (http://www.team17.com/)  for more info.

 

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