Director/PDMR Shareholding

By

Regulatory News | 13 Jun, 2024

Updated : 09:20

RNS Number : 3214S
Team17 Group PLC
13 June 2024
 

13 June 2024

 

Team17 Group plc

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

 

Director/PDMR shareholding

 

On 13 June 2024 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 June 2024 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

48

£3.10

16

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.

 

2021 Share Options

 

Certain directors of the Company held share options under an LTIP plan granted in 2021 (the "2021 Options"). The performance criteria for vesting were not met and, therefore, the 2021 Options have now lapsed and have been removed from the number of outstanding options in the disclosure below.

 

Name

Lapsed 2021 Options

Outstanding Options

No. of Ordinary Shares

Mark Crawford

25,157

215,130

34,540                 

Debbie Bestwick

150,943

359,133

30,266,945

 

Enquiries:

 

Team17 Group plc

Steve Bell, Chief Executive Officer

Mark Crawford, Chief Financial Officer

James Targett, Group Investor Relations Director

 

via Vigo Consulting

Houlihan Lokey Advisory Limited (Nominated Adviser)

Tim Richardson / Giulio Scanferlato / Adrian Reed

 

+44 (0) 20 7839 3355

Jeffries International Limited (Joint Corporate Broker)

Philip Noblet / will Brown / Shaam Vora 

 

+44 (0)20 7029 8000

Peel Hunt (Joint Corporate Broker)

Neil Patel / Kate Bannatyne

 

+44 (0)20 7418 8900

Vigo Consulting (Financial Public Relations)

Jeremy Garcia / Fiona Hetherington / Aisling Fitzgerald

team17@vigoconsulting.com

+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 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

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)

£3.10

48

d)

Aggregated information

Not applicable

e)

Date of transaction

10 June 2024

f)

Place of the transaction

AIMX

 

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