Source - LSE Regulatory
RNS Number : 3491I
Team17 Group PLC
11 August 2021
 

11 August 2021

 

Team17 Group plc

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

 

Director/PDMR shareholding

 

On 11 August 2021 the Company was notified by Link Market Services Trustees Limited (the "Trustee"), as the Trustee of the Team17 Group plc Share Incentive Plan (the "Plan"), that on 10 August 2021 it had purchased ordinary shares of £0.01 each in the Company ("Partnership Shares") on behalf of the persons discharging managerial responsibility as set out below:

 

PDMR

Partnership Shares purchased

Price

Matching Shares awarded

Price

Mark Crawford

18

£8.23

6

nil

 

Under the Plan, each participant may contribute up to £150 per month towards the purchase of Partnership Shares. Matching Shares are awarded on the basis of two Matching Shares for each Partnership Share purchased, but only for the first £25 of Partnership Shares purchased per month. The Matching Shares will vest on the third anniversary of award, subject to continued employment and the retention of the underlying Partnership Shares.

 

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 Ordinary Shares

Mark Crawford

45,276

11,352

 

 

Enquiries:

 

Team17 Group plc

Debbie Bestwick MBE, Chief Executive Officer

Mark Crawford, Chief Financial Officer

 

via Vigo Communications

+44 (0)20 7390 0233

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 Consulting (Financial Public Relations)

Jeremy Garcia / Fiona Hetherington / Kate Kilgallen

team17@vigoconsulting.com

+44 (0)20 7390 0233

 

 

About Team17

 

About Team17 Group plc

 

Team17 Group plc is a global provider of games entertainment to a broad audience. It has two main verticals - a games entertainment label and creative partner for indie developers, and a leading developer of educational apps, targeting children under the age of eight.

 

Games label and creative partner

 

Team17 is a 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, console, 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 and in bringing them to market across multiple platforms for fixed percentage royalties ("third party IP").

 

Since foundation in 1990, the Company has launched over 100 games, including the iconic Worms, Overcooked! and Escapists franchises, along with many more including;  Yooka-Laylee, Yoku's Island Express, My Time at Portia, Hell Let Loose, Blasphemous, Golf With Your Friends, Neon Abyss and Moving Out making Team17 one of the most prolific developers and diverse partners of games for the indie market.

 

StoryToys

 

Team17's wholly owned subsidiary, StoryToys, is a leading developer and publisher of educational apps, targeting the pre-school market of children aged two to seven years old.

 

StoryToys apps have been downloaded over 100 million times across 120 countries, and its educational entertainment apps are produced in 28 different languages. StoryToys' mission is to create apps for children that engage them in well-rounded activities designed to help them learn, play, and grow, with partners including The Walt Disney Company, The LEGO Group, Penguin Books, Sesame Workshop, Apple, Amazon and Google. www.storytoys.com

 

Visit www.team17.com for more information

 

 

 

 

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

Ordinary shares of 1 pence each

 

 

ISIN: GB00BYVX2X20

b)

Nature of the transaction

Partnership shares purchased on behalf of Mark Crawford by the Trustee

c)

Prices(s) and volume(s)

Price(s):

Volume(s)

£8.23

18

d)

Aggregated information

Not applicable

e)

Date of transaction

10 August 2021

f)

Place of the transaction

AIMX

 

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