REG - Team17 Group PLC - Grant of Options
RNS Number : 6803YTeam17 Group PLC11 September 202011 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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