TIDMTM17

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 GBP0.01 each in the Company ("Partnership Shares") on behalf of the persons discharging managerial responsibility as set out below:

 
 PDMR             Partnership         Price     Matching          Price 
                   Shares purchased              Shares awarded 
 Mark Crawford    18                  GBP8.23   6                 nil 
                 ------------------  --------  ----------------  ------ 
 

Under the Plan, each participant may contribute up to GBP150 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 GBP25 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                                 via Vigo Communications 
  Debbie Bestwick MBE, Chief Executive Officer     +44 (0)20 7390 0233 
  Mark Crawford, Chief Financial Officer 
 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,          Ordinary shares of 1 pence 
        type of instrument                            each 
        Identification code                           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) 
      --------------------------------------------  ----------------  -------------- 
   GBP8.23                                                             18 
  ------------------------------------------------------------------  -------------- 
 d)    Aggregated information                        Not applicable 
      --------------------------------------------  -------------------------------- 
 e)    Date of transaction                           10 August 2021 
      --------------------------------------------  -------------------------------- 
 f)    Place of the transaction                      AIMX 
      --------------------------------------------  -------------------------------- 
 

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END

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(END) Dow Jones Newswires

August 11, 2021 10:14 ET (14:14 GMT)

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