Source - LSE Regulatory
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.

 

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

 

Identification code

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

 

 

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

 

Identification code

Options over Ordinary Shares

 

 

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

 

Identification code

Options over Ordinary Shares

 

 

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

Debbie Bestwick MBE, Chief Executive Officer

Mark Crawford, Chief Financial Officer

 

via Vigo Consulting

 

GCA Altium (Nominated Adviser)

Adrian Reed / Tim Richardson

 

+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 / Kate Kilgallen

team17@vigoconsulting.com  

+44 (0)20 7390 0233

 

 

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 for more info.

 

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