Source - RNS
RNS Number : 5544O
AIM
18 May 2018
 

 

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")


COMPANY NAME:

Team17 Group plc ("Team17" or "the Group")

 

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Registered office address:

Castleview House

Calder Island Way

Wakefield

West Yorkshire

WF2 7AW

 

Additional trading address:

Ground Floor

1 Oakwood Court

Little Oak Drive

Sherwood Park

Nottingham

NG15 0DR

COUNTRY OF INCORPORATION:

England and Wales

 

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.team17.com

 

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY).  IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Team17 is a leading video games label and creative partner for independent ("indie") developers. The Group supports both owned first party IP and third party IP-through partnering with indie developers globally - in the development and publishing of games across multiple platforms typically for a fixed revenue share. The Group focuses on premium, rather than free to play games, and its portfolio comprises over 90 games, including the iconic and well-established Worms franchise, as well as Overcooked and The Escapists. The Group operates from two offices based in the UK (Wakefield and Nottingham).

 

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

Number of ordinary shares of £0.01 each in nominal value ("Ordinary Shares") for which Admission will be sought: 131,288,276  

 

Issue price per new Ordinary Share: 165 pence

 

There will be no restrictions as to transfer of Ordinary Shares.

No Ordinary Shares will be held as treasury shares on Admission to AIM.

 

CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Capital to be raised on Admission: £45.1m (Primary) £62.5m (Secondary)

 

Anticipated market capitalisation on Admission: £216.6m

 

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

Percentage of Ordinary Shares not in public hands on Admission: 50.4%

 

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

There are no other exchanges or trading platforms to which the Group has applied or agreed to have the Ordinary Shares admitted or traded.

 

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Directors:

 

Deborah ('Debbie') Jayne Bestwick (Chief Executive Officer)

Jonathan Paul ('Paul') Bray (Chief Financial Officer and Chief Operating Officer)

Christopher ('Chris') Bell (Chairman)

Penelope ('Penny') Ruth Judd (Non-Executive Director)

 

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):


Pre-Admission

On Admission


Shareholder

Number of Ordinary Shares

% Ordinary Shares

Number of Ordinary Shares

% Ordinary Shares

 

Deborah ('Debbie') Jayne Bestwick

 

45,707,433

 

44.0%

 

29,154,162

 

22.2%

 

LDC

 

34,262,194

 

33.0%

 

21,843,880

 

16.6%






 

Jonathan Paul ('Paul') Bray

 

 

11,426,833

 

11.0%

 

7,240,657

 

5.5%

Henderson Global Investors Limited

-

-

8,400,000

6.4%

Financière Arbevel

-

-

6,300,000

4.8%

BlackRock Advisors (UK) Limited

-

-

5,800,000

4.4%

Fidelity Worldwide Investment (FIL)

-

-

5,500,000

4.2%

TOTAL

91,396,460

87.9%

84,238,699

64.2%






 

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

 

LDC

 

(i)         ANTICIPATED ACCOUNTING REFERENCE DATE

(ii)        DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii)       DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

i)          31 December 2018

ii)         31 December 2017

iii)         30 September 2018, 30 June 2019, 30 September 2019

 

EXPECTED ADMISSION DATE:

23 May 2018

 

NAME AND ADDRESS OF NOMINATED ADVISER:

GCA Altium Limited

1 Southampton Street

London

WC2R 0LR

 

NAME AND ADDRESS OF BROKER:

Joh. Berenberg, Gossler & Co. KG (London Branch)

60 Threadneedle Street

London

EC2R 8HP

 

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

 

Copies of the Group's Admission Document will be available free of charge to the public during normal business hours on any day (Saturdays, Sundays and public holidays excepted) at the offices of Squire Patton Boggs, 7 Devonshire Square, London, EC2M 4YH and the registered office of the Group, Castleview House, Calder Island Way, Wakefield, West Yorkshire, WF2 7AW, from the date of the Admission Document until one month from the date of Admission in accordance with the AIM Rules.

 

A copy of the Group's Admission Document will also be available on the Group's website at www.team17.com.

 

The Admission Document will contain full details about the Group and the admission of the Ordinary Shares to trading on AIM.

 

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

QCA Corporate Governance Code

 

DATE OF NOTIFICATION:

18 May 2018

 

NEW/ UPDATE:

UPDATE

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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