Source - LSE Regulatory
RNS Number : 8163L
Team17 Group PLC
17 May 2022

17 May 2022


Team17 Group plc

("Team17" or the "Company")


Director / PDMR Shareholding and Total Voting Rights


Team17, the global games entertainment label, creative partner and developer of independent premium video games, announces that it has received notification from Debbie Bestwick, Chief Executive, that she is exercising options (the "Options") over 972,727 ordinary shares of £0.01 each ("Ordinary Shares") with an exercise price of nil pence. The Options were granted to Debbie Bestwick pursuant to a Long Term Incentive Plan at the time of the Company's IPO in 2018 and vested in 2021.


The exercise of the Options is being satisfied by the issue of 972,727 new Ordinary Shares (the "New Ordinary Shares") by the Company to Debbie Bestwick. The New Ordinary Shares will be credited as fully paid and will rank pari passu with the existing Ordinary Shares including the right to receive all future dividends and distributions declared, made or paid by reference to a record date falling after their issue.


An application for the admission of the New Ordinary Shares to trading on AIM ("Admission") has been made. Admission is expected to become effective and dealings in the New Ordinary Shares are expected to commence at 8.00 am on 20 May 2022.


Following Admission Debbie Bestwick will be interested in 30,266,945 Ordinary Shares representing approximately 20.8 per cent. of the issued Ordinary Shares.


Total Voting Rights


Following Admission, the Company's 's issued share capital will comprise 145,593,271 Ordinary Shares each with voting rights. The above figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. The Company does not hold any Ordinary Shares in Treasury.




Team17 Group plc

Debbie Bestwick MBE, Chief Executive Officer

Mark Crawford, Chief Financial Officer


via Vigo Consulting

+44 (0)20 7390 0233

Houlihan Lokey UK Limited (Nominated Adviser)

Adrian Reed / Paul Lines


+44 (0)161 250 3577

Berenberg (Broker)

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


+44 (0)20 3207 7800

Vigo Consulting (Financial Public Relations)

Jeremy Garcia / Kate Kilgallen

+44 (0)20 7390 0233



About Team17

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 for more info.


The Company publicly discloses the following notifications pursuant to the EU Market Abuse Regulations:




Details of the person discharging managerial responsibilities / person closely associated






Debbie Bestwick




Reason for the notification






Chief Executive Officer and PDMR




Initial notification /Amendment


Initial notifications





Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor






Team17 Group plc








Details of the transaction(s): section 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




Description of the financial instrument, type of instrument


Identification code


Ordinary shares of £0.01 each ("Ordinary Shares")







Nature of the transaction


Exercise of options over Ordinary Shares



Price(s) and volume(s)







nil pence








Aggregated information


- Aggregated volume


- Price



Exercise of options over 972,727 Ordinary Shares at nil pence per Ordinary Share



Date of the transaction


16 May 2022



Place of the transaction


Off market transaction


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